Pi Network's Security Push vs. Stagnant Price Puzzle

Pi Network has reiterated a strong emphasis on user wallet security and two-factor authentication (2FA) following an uptick in phishing attempts targeting users in the cryptocurrency space. In a recent community update, the project reiterated the importance of using only official 2FA email addresses for verification, warning users against falling for scams that mimic authentic communications. The Pi Core Team highlighted the Pi Safety Center as the central hub for verified information, including secure resources and guidance on safeguarding digital assets. This platform is seen as instrumental in educating users on the responsibilities of self-custody in a decentralized system, where the loss of private keys or passphrases can lead to permanent loss of funds.

The Pi Open Mainnet account also shared a detailed thread outlining wallet security best practices. Users were reminded that Pi wallets are non-custodial, meaning the onus of securing passphrases and private keys lies entirely with the holders. The team emphasized that blockchain transactions are irreversible, and once credentials are leaked or funds are transferred to a fraudulent address, recovery is nearly impossible. Known risks include fake websites, scam applications, and deceptive emails. Even a small misstep, such as entering a passphrase on a phishing site, could lead to total loss of assets. This cautionary guidance underscores Pi Network’s ongoing efforts to build a secure and informed community.

Meanwhile, the price of the Pi token remains subdued, trading at $0.3421 as of September 6, 2025, according to CoinMarketCap. This represents a 0.7% decline over the previous 24-hour period, with the token oscillating within a narrow range of $0.3419 to $0.3489. Daily trading volume has remained relatively stable, between $24 million and $30 million, indicating steady but cautious participation in the market. The price remains significantly below its earlier peak of around $3.00, suggesting continued uncertainty and lack of strong buyer or seller momentum.

Technical indicators also reflect a lack of robust market movement. The Relative Strength Index (RSI) shows the asset hovering in or near oversold territory, while the Moving Average Convergence Divergence (MACD) remains flat, indicating limited directional momentum. Analysts describe the current phase as a consolidation period at low levels, with broader macroeconomic factors and regulatory uncertainties affecting investor sentiment across the crypto market. For Pi, the flat price action suggests that traders are awaiting new developments before committing capital, highlighting the cautious nature of current market conditions.

Looking ahead, Pi Network is preparing for a significant protocol upgrade from version 19 to version 23, which is expected to enhance security and functionality. One of the key changes includes the integration of a Know Your Customer (KYC) authority directly into the protocol, a move aimed at improving compliance and trust within the ecosystem. While this upgrade has generated optimism among investors, macroeconomic indicators such as the Chaikin Money Flow (CMF) suggest weak inflows into the asset, indicating limited capital commitment despite the positive developments. For the token to see a meaningful price recovery, stronger inflows and increased investor confidence will likely be necessary.

Together, the focus on security and the uncertain market action highlight two critical aspects of Pi Network’s current phase. On one hand, the project is strengthening its community through educational efforts and wallet security reminders. On the other, the token’s price trajectory reflects broader challenges in regaining momentum after a period of sharp declines. The network’s large community remains a key asset, but long-term success will depend on ecosystem growth, regulatory clarity, and sustained trust in the project. In the short term, however, users are advised to remain vigilant about credential protection and avoid actions that could lead to irreversible loss of funds.

Source:

[1] Pi Network Reminds Users of Wallet Safety and 2FA Protection (https://coinfomania.com/pi-network-reminds-users-of-wallet-safety-and-2fa-protection/)

[2] Can Upcoming Pi Network Upgrade Save Price from All-Time Lows? (https://beincrypto.com/pi-network-upgrade-could-save-price/)