Pi Coin’s Struggle for Survival Hinges on Its Upcoming KYC Upgrade

Pi Network, a mobile-based cryptocurrency project, has seen its native token, Pi Coin (PI), plummet over 80% from its all-time high. Recent data shows PI trading below $0.35, barely above its all-time low of $0.33 recorded on August 26, 2025. Analysts warn that without substantial progress in listings or broader adoption, the price could face a severe decline by 2026. This projection is supported by the token’s recent performance, which saw a brief recovery to $0.40 in late August, only to lose momentum and fall back below $0.35 in subsequent weeks [1].

A major factor influencing the token’s trajectory is the upcoming protocol upgrade to Version 23, a critical step in Pi Network’s journey toward decentralization and compliance. The upgrade integrates Know-Your-Customer (KYC) verification into the blockchain protocol, aiming to improve trust and usability for institutional and mainstream adoption. Nearly 15 million accounts have already been verified, and the new version allows for third-party KYC solutions to be incorporated, broadening the verification process [3]. However, the implementation is expected to occur in phases, with short periods of service disruption likely [3]. Despite these advancements, the token’s performance remains under pressure, with large unlock events on September 6 and September 11 contributing to further selling pressure [1].

The Pi Network project has long relied on its user base—estimated in the tens of millions—as a core strength. However, the absence of strong exchange listings and clear utility for the token has left many investors skeptical. Without broader market access, the majority of Pi Coin activity remains confined within the Pi community. Analysts argue that unless Pi can demonstrate tangible progress in partnerships and real-world applications, its long-term viability will remain in question [2].

The broader cryptocurrency landscape is shifting as investors seek alternatives to speculative projects like Pi. Tokens with real-world use cases—especially in the PayFi sector—are gaining traction. For example, Remittix (RTX) has attracted attention for its cross-border payment solutions and growing exchange listings [4]. Its recent presale has raised over $24 million, with a token price of $0.1030 and more than 645 million tokens sold [5]. Remittix’s beta wallet, set to launch in Q3 2025, promises real-time fiat conversion and expanded support for 40+ cryptocurrencies and 30+ fiat currencies [4]. These developments contrast sharply with Pi’s struggles for liquidity and market penetration.

Given these dynamics, the Pi Coin price appears increasingly vulnerable. With over 60% of its peak value lost and no clear signs of a turnaround, 2026 could mark a turning point for the token. If the broader market continues to favor projects with clear utility and scalability, Pi may find it difficult to retain investor confidence. While the Version 23 upgrade represents a significant step toward protocol-level compliance, it remains to be seen whether this will be enough to drive the token’s value higher [3].

Source:

[1] Massive Pi Network Update Drops: What Every PI User ... (https://cryptopotato.com/massive-pi-network-update-drops-what-every-pi-user-needs-to-know/)

[2] Pi Network News As Pi Coin Price Could Collapse In 2026 ... (https://www.digitaljournal.com/pr/news/binary-news-network/pi-network-news-pi-coin-1577786957.html)

[3] Big Pi Network Update: Critical Info for the Entire Community (https://coindoo.com/big-pi-network-update-critical-info-for-the-entire-community/)

[4] Why Analysts Predict Remittix Is The Best Crypto To Buy Now (https://coincentral.com/why-analysts-predict-remittix-is-the-best-crypto-to-buy-now-over-litecoin-and-pi-network/)

[5] Why Cardano And Pi Network Investors Are Adding ... (https://www.mitrade.com/insights/news/live-news/article-3-1101454-20250906)