Pi Network’s cryptocurrency Pi Coin has recently lost value, dropping below $1.50. While this decline has led to various reactions within the market, the Pi community continues to maintain its trust in the project.

Users believe that with the ongoing completion of the ‘Know Your Customer’ (KYC) process, the ecosystem can be more widely adopted and the price can recover in the future. How has the KYC transition process affected price movements? The decline in Pi Coin value is largely correlated with the completion of Pi Network’s KYC process. As a large portion of users could not complete the identity verification procedure, many lost the Pi Coins they held. Analysts suggest that this development contributed to an 8.5% decrease in the Pi Coin price.

The current uncertainty in the market raises doubts about the long-term viability of Pi Network. Users who have completed the KYC process gain full authority to use their Pi assets, while those who did not complete the process saw their coins moved out of the system. This reduction in supply may also increase uncertainty among investors, thereby boosting selling pressure.

Some members of the Pi community believe the KYC process should ensure market stability. However, the execution and consequences of the process could shake investor confidence. Especially, the inability of Pi Coin to trade fully on exchanges continues to be a significant source of uncertainty for many investors. Exchange listing speculations are stirring up the market. Speculations regarding Pi Coin’s listing on major cryptocurrency exchanges play a significant role in increasing market volatility. Claims about Pi Coin being listed on platforms like Binance and Coinbase have an impact on price movements.

The listing of Pi Coin on Binance may substantially increase investor interest and accelerate the adoption of the coin. However, neither Pi Network officials nor any exchange representative has made an official statement regarding these rumors yet. The absence of a definite confirmation leads some investors to liquidate their Pi assets to reduce risks, further increasing market uncertainty.

Can the price rise again? Despite all uncertainties, Pi Coin is being increasingly used in certain regions. Particularly, some businesses in China starting to accept Pi Coin as a payment method enhances the real-world applications of the cryptocurrency. Pi Coin also receives strong interest in terms of community participation. According to recent data, Pi Coin was the second most mentioned altcoin on X (previously known as Twitter) in the last 24 hours.