Ah, the whimsical world of Pi Coin (PI) hath bestowed upon us a modest price increase, as the fickle winds of selling pressure doth subside. Behold, the chronicles reveal that nearly 10 million PI tokens hath fled the exchanges in October, as if escaping a plague of bears! 🐻💨
This exodus, dear reader, coincides with Pi Network’s latest authentication update-a grand spectacle aimed at verifying the masses and fortifying the ecosystem. Lo, it appeareth this rollout hath restored faith in the hearts of the faithful, prompting a noble outflow of tokens from the clutches of exchanges.
What Mischief Lies Behind Pi Coin’s Price Recovery?
BeInCrypto’s Markets data doth proclaim that in the span of 24 hours, this mobile-mined marvel hath risen by 0.91% in value. At the hour of scribing, it trades at $0.20. 🪙✨
Yet, the broader trend remaineth bearish, like a sullen courtier at a masque. Still, this uptick doth hint at a modest momentum. But pray, what sorcery lies behind this rise? 🧙♂️
PiScan’s data revealeth that over 2.6 million Pi Coins have abandoned exchanges in the past 24 hours. In October alone, users withdrew nearly 10 million tokens, as if hoarding treasure for a rainy day. Thus, the centralized exchange supply shrank to 410 million, down from 420 million in September, as BeInCrypto’s sages hath noted.
When coins depart exchanges, it doth signify that holders have no intent to sell forthwith. Traders and investors, like prudent merchants, withdraw to hold long-term, a sign of burgeoning confidence in the asset’s future. 📈💎
This shift in sentiment is not without cause. It cometh amidst a resolution of verification woes, breeding renewed optimism among the faithful.
KYC’s Grand Entrance Doth Boost Confidence in the Pi Network
After countless lamentations from users, Pi Network hath taken a bold step in its compliance infrastructure. Behold, a new automated system process hath been unveiled, designed to review and finalize tentative Know Your Customer (KYC) cases. 🕵️♂️🔍
In their latest missive, the team proclaimeth that this rollout hath led to the full verification of over 3.36 million Pioneers. Of these newly anointed accounts, around 2.69 million Pioneers have already migrated to the Pi Mainnet blockchain. Moreover, the new process hath made 4.76 million Tentative KYC’d Pioneers eligible for full verification.
“This large-scale system process includeth complex mechanisms, employing advanced AI models and analyzing vast datasets from liveness checks and KYC application data. It is crafted to scrutinize Tentative KYC cases, verifying both that each applicant is a real, living person and that their application passeth the additional checks required to fully pass KYC,” the blog doth read. 📜🤖
This refined approach doth strengthen digital compliance and invigorate the Pi Network for broader engagement. Yet, as confidence in network integrity riseth, risks for PI linger.
Over 121 million tokens shall be unlocked in the next 30 days, increasing the likelihood of supply shocks. Thus, the coming weeks shall reveal whether Pi Network’s compliance and accumulation sustain this positive momentum or if broader headwinds shall challenge price stability once more. 🌪️⚖️
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2025-10-24 15:42