The Pi Network’s token PI has witnessed a notable 19% price surge in the past 24 hours, with bulls edging to highs of $0.27 amid fresh buying pressure. 

While still largely in a downtrend, gains for Pi come as the broader market looks for a bullish flip.

A similar sentiment, combined with the crypto project’s user verification process, where more than 3 million in additional Pioneers have reportedly completed the key step, could help bulls. 

The latest announcement from the Pi team is that roughly 3.36 million Pioneers have now completed their Know Your Customer (KYC) procedures. 

An additional 3 million Pioneers with Tentative KYC cases can be unblocked by the newly released system process if they submit the required additional liveness checks in the app. So, if your KYC status is Tentative and the app requires you to conduct additional liveness checks,

The Pi Core team noted:

Out of these 3.36 million fully KYC’d Pioneers, around 2.69 million have migrated to the Mainnet blockchain.

For those who have not yet migrated to Mainnet, please check if you’ve fully passed KYC and complete the Mainnet Checklist to migrate to Mainnet

This influx of verified users represents a pivotal moment for Pi Network, which relies on a vast community of mobile miners known as Pioneers.

The KYC process ensures that participants meet regulatory standards, reducing risks associated with anonymous transactions and fostering trust among potential partners and exchanges.

As more Pioneers achieve full verification, it strengthens the network’s foundation, potentially attracting institutional interest and expanding its utility in real-world applications.

PI was a major attraction across the ecosystem when the token went live. However, the platform’s sluggish verification process threatened to turn it into a “ghost chain”, and that outlook has bears eyeing further rot.

However, with altcoins targeting an uptick amid potential macroeconomic catalysts, Pi Network’s price could go on a bull run.

The ongoing migration of verified Pioneers to the mainnet, a transition that underpins the network’s shift from an enclosed phase to a fully operational blockchain, is critical to bulls’ outlook.

Other than empowering Pioneers, migration integrates Pi Network into the wider cryptocurrency ecosystem.

Although this introduces supply pressures, as newly accessible tokens enter circulation, the impact on PI’s price has been mitigated by robust demand. 

PI’s price touched lows of $0.15 on October 11, 2025 as altcoins dumped alongside Bitcoin to see over $19 billion in 24-hour liquidations.

However, the token’s value was up 68% from that low at the time of writing on Wednesday.

The Relative Strength Index (RSI) at 69 edges toward overbought territory, indicating intense buying activity that could result in profit taking.

Pi’s daily chart also shows the Moving Average Convergence Divergence (MACD) has a bullish crossover, with an expanding green histogram signaling accelerating positive momentum.

Bulls have recorded seven straight winning candles on the daily chart since the slip to $0.19. This level remains a key target for bears. However, if PI breaks above $0.30, buyers could eye $0.51 and $1.24.

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