Pi Network (PI) News Today: December 10th
The crew behind Pi Network has rolled out a number of updates over the previous few weeks centered on bettering the general consumer expertise and serving to Pioneers resolve rising points.
However, the worth of the native token is deep within the crimson, whereas some essential elements recommend the bulls are unlikely to regain management anytime quickly.
The Latest Updates
For many Pi Network customers, fulfilling the mandatory KYC procedures has been a big impediment, usually derailed by technical glitches or different setbacks. Just a couple of days in the past, the Core Team integrated extra AI instruments, making it simpler and sooner for Pioneers to finish the verification course of.
Specifically, the improve reduces validation shortages in areas with restricted human reviewers, boosts Mainnet-unlocking KYC for extra customers, decreases the variety of apps that want guide overview, and will increase privateness.
Prior to that, Pi Network collaborated with CiDi Games (a platform that builds Pi-related video games that customers can play). The partnership goals to broaden the real-world use of the PI token and provide extra alternatives for Pioneers.
Some X customers have speculated that additional updates will likely be launched in the beginning of subsequent 12 months, however there’s nothing official but.
The Lawsuit
Recently, a bunch of Pi Network customers shocked the crypto group by claiming that the venture secretly bought billions of PI tokens, manipulated the worth, and intentionally delayed the Open Mainnet. Those individuals sued the entity, asking for $10 million in damages and accusing the crew of deceptive the group.
The allegations straight goal Pi Network’s co-founders, Dr. Nicolas Kokkalis and Dr. Chengdia Fan, in addition to different unnamed people. The preliminary courtroom listening to is scheduled for December 23, 2025.
PI Price Outlook
The uncertainty brought on by the authorized battle could possibly be one purpose Pi Network’s native token has as soon as once more headed south. Currently, it trades at round $0.21 (per CoinGecko’s information), representing a 14% decline on a two-week scale. Furthermore, the valuation is down a staggering 93% for the reason that all-time high of $3 witnessed in the beginning of the 12 months.
Some important components recommend that the worth may not rebound quickly however head in direction of a deeper correction. The upcoming token unlocks are among the many evident examples.
Data exhibits that greater than 182 million PI will likely be launched within the subsequent 30 days, that means a median unlock of over 6 million cash per day. This can enhance the promoting stress and result in an extra pullback.
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