Pi Network Introduces Faster AI-Powered KYC Verification
Pi Network has launched a faster Know Your Customer (KYC) process using built-in AI. This update lets users, called Pioneers, activate their mainnet wallets earlier. Previously, they had to complete 30 mining sessions before activation. Now, eligible users can activate wallets with fewer sessions. However, this fast-track KYC only allows wallet activation, not the migration of PI tokens to the mainnet.
Sign Protocol Partners with Pi Network for Seoul Meetup
Sign, an Ethereum-based digital verification protocol, will hold its first meetup with the Pi Network community in Seoul. The event is scheduled for Monday at 10:30 GMT. It will feature a discussion between Sign’s CEO, Xin Yan, and a Pi Network co-founder. The co-founder’s name has not been announced yet.
Whales Accumulate PI as Price Consolidates
Pi Network’s price remains steady above $0.35 for the fifth day in a row. Data from PiScan shows that Centralized Exchange (CEX) wallets have dropped by 1.08 million PI coins. This suggests investors are withdrawing tokens and buying at lower prices.
Four of the five largest transactions in the last 24 hours came from whales. These large investors moved over 3.4 million PI coins off exchanges. A decline in exchange balances usually means less selling pressure, which can support price stability.
PI is trading within a range between $0.3220 and $0.4000. If the price breaks above $0.4000, it could rise toward $0.5032, the closing price on June 22. Technical indicators show low volatility and neutral momentum. The Relative Strength Index (RSI) is steady at 50, and the Accumulation/Distribution line suggests selling pressure is easing.
If PI falls below $0.3200, the $0.3000 level may act as support.
