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- Pi Network officially launched its new AI-enabled KYC verification system designed to speed up the onboarding process and accelerate identity checks.
- Pi’s next hurdle is proving whether this surge in sentiment can actually lift the token’s value and push it toward a fresh all-time high above $3.
Pi Network (PI) has been under intense scrutiny in the crypto space, and for good reason. The token has seen steep declines, with the RSI recently dipping below 30.0, a level that usually signals bearish exhaustion and has historically preceded rebounds.
At the time of writing, Pi is trading around $0.286 after a modest 3.4% daily rise, though it’s still down more than 20% over the past week.
Key levels to watch are $0.290, which could open the door to a recovery toward $0.300 and $0.335, while slipping under $0.260 risks another drop toward the $0.230 low.
On-chain data from PiScan adds a layer of cautious optimism: demand for PI is creeping higher, with centralized exchange wallets showing a net outflow of nearly 2 million tokens in the last 24 hours, following a larger 8 million outflow earlier in the week.
The network recently launched an AI-powered KYC and a “Fast Track” identity verification feature, which is seen as a catalyst that could help stabilize sentiment and spark a recovery towards its all-time high of $2.98.
What’s New: AI KYC & Verification
Pi Network, which launched back in 2019 with the promise of a mobile-friendly, community-mined cryptocurrency, has grown into a project with millions of users mining tokens through its app. The open mainnet launch was pushed back several times, and while Pi Coin is listed on a few centralized exchanges like OKX, MEXC, and Gate.io, major platforms such as Coinbase, Kraken, and Binance have held off.
The reasons often cited include ongoing regulatory uncertainty, concerns about centralized governance, and limited market liquidity.
To tackle some of these issues, the team has been rolling out upgrades. At the end of August, Crypto News Flash reported that Pi introduced a Linux-based node software while preparing a jump from protocol version 19 to 23, now based on Stellar v23.
The upgrade is meant to improve stability and open the door for developers, and it comes at a time when the number of verified users has nearly reached 15 million.
Still, one of the biggest sticking points has always been Know Your Customer (KYC). Pioneers needed to complete dozens of mining sessions before they could unlock a mainnet wallet or transfer their tokens, a process that created bottlenecks and left some users frustrated.
The Pi Core team unveiled Fast Track KYC, powered by artificial intelligence (AI). This system automates and speeds up identity verification, letting new users activate their mainnet wallets earlier without waiting for the usual prerequisites like 30 mining sessions.
However, this doesn’t mean instant migration of balances; users still have to pass the full KYC and protocol checks to move tokens to the mainnet. And while the AI-driven system promises efficiency, it may also be stricter, raising questions about transparency, privacy, and the risk of rejected applications.
Even with those caveats, the change has injected optimism into the community and has increased confidence in the project’s future.