The cryptocurrency Pi Coin of Pi Network has recently dropped in value below $1.50. This decline has led to various reactions in the market, while the Pi community continues to maintain its trust in the project.

Users believe that with the completion of the ongoing ‘Know Your Customer’ (KYC) process, the ecosystem can be more widely adopted, and the price could recover in the future. How Did the KYC Transition Process Affect Price Movements? The value drop in Pi Coin is largely associated with the completion of Pi Network’s KYC process. As most users were unable to complete the identity verification procedure, many people lost the Pi Coins they owned. Analysts believe that this development contributed to an 8.5% drop in the Pi Coin price.

The current uncertainty in the market raises questions about the long-term viability of Pi Network. Users who complete the KYC process obtain full control over their Pi assets, while those who do not complete the process have had their coins removed from the system. This situation may lead to a decrease in supply and increase selling pressure, creating uncertainty among investors.

Some members of the Pi community believe that the KYC process should ensure market stability. However, the execution and results of the process could shake investor confidence. In particular, the inability of Pi Coin to trade fully on exchanges continues to be a significant source of uncertainty for many investors.

Listing Speculation Affects the Market The speculation surrounding the listing of Pi Coin on major cryptocurrency exchanges is one of the significant factors increasing volatility in the market. Claims that Pi Coin will be listed on major platforms like Binance and Coinbase impact price movements. The potential listing of Pi Coin on Binance could significantly increase investor interest and accelerate the adoption of the coin. However, neither Pi Network officials nor any exchange representative has made an official statement regarding these rumors. The lack of a definitive confirmation leads some investors to liquidate their Pi assets to reduce risks, further increasing uncertainty in the market.

Can the Price Rise Again? Despite all uncertainties, Pi Coin is increasingly being used in certain regions. In particular, some businesses in China have started accepting Pi Coin as a payment method, strengthening the real-world applications of the cryptocurrency. Pi Coin also sees strong interest in community participation. According to recent data, Pi Coin has been the second most mentioned altcoin on X (formerly known as Twitter) in the last 24 hours.