Pi Token Edges Up as 10 Million Coins Exit Exchanges Amid KYC Milestone

(Sources: CryptoNews)

Price nudge: Up 0.91% to $0.20, fueled by token outflows signaling holder conviction and easing sell-off vibes.

• Verification surge: AI-powered checks greenlight 3.36 million users, ramping up trust, rules adherence, and network buzz.
• Supply wildcard: 121 million+ tokens set to flood in over the next month, risking fresh pressure and probing market grit.

Modest Rebound Amid Easing Pressure

The mobile-mintable digital asset notched a slight gain in the last day, as liquidation vibes fade. Fresh metrics point to about 10 million units pulled from trading venues this month alone.

This pivot aligns with the project’s fresh identity-confirmation push—a pivotal upgrade to tighten user checks and fortify the overall setup. The deployment seems to have sparked fresh faith among participants, spurring a clear drain of holdings from centralized spots.

Drivers of the Uptick: Outflows and Optimism

Market trackers clocked a 0.91% lift over the prior session, pegging the value at $0.20 as of late. Though the overarching chart stays tilted downward, this flicker points to budding traction. What’s sparking it?

On-chain snapshots reveal 2.6 million coins yanked from platforms in the last day. Month-to-date, the tally hits nearly 10 million, trimming venue stockpiles to 410 million from September’s 420 million mark.

Such shifts typically flag intent to stash rather than dump—classic long-haul play that screams belief in upside potential.

The mood flip ties straight to cleared hurdles in user vetting, reigniting hope across the board.

KYC Overhaul Ignites Network Momentum

Facing flak from the crowd, the initiative rolled out a slick auto-toolkit to sift and seal pending identity reviews.

In a fresh update, devs revealed the wave cleared 3.36 million more accounts fully. Of those, 2.69 million have shifted to the core chain. Plus, 4.76 million provisional passes now qualify for the full stamp.

The setup leans on cutting-edge models to crunch vast troves of bio-scans and form data, confirming live humans while nailing extra compliance hoops. As noted in the release: it’s built to probe provisional files, validating real identities and clearing regulatory bars.

This smarter flow amps up online safeguards and juices participation. Yet even as faith in the setup swells, pitfalls lurk for the token.

A hefty 121 million units stand to release soon, upping odds of oversupply jolts. The next stretch will show if vetting wins and hoarding habits keep the spark alive—or if macro drags yank stability back under.