DeFi· ★★· neutral·

Pi Network clears KYC backlog for 417K users, but real PI demand remains unproven

  • —Over 417,000 users became eligible to resume KYC after the September 17 duplicate-account review
  • —Another 497,000 awaited a wallet fix to claim migration balances within a week of September 17
  • —Pi cites 60 million engaged users and roughly 16 million migrated users — different populations
  • —If each of the 417,000 spent 1 PI, gross payments would total 417,000 PI
Why it matters: Clearing a KYC gate is not the same as demand: without conversion data, the impact on PI's price stays unclear.
#PI
Source: crypto.news
More on this
DeFi · Sep 18
Pi Network updates KYC and mainnet migration: 417K duplicate accounts resolved
 DeFi · Sep 21
Pi Network Clears 417,000 KYC Flags, Unblocks 914,000 Users
 DeFi · Sep 19
Pi Network to Unlock 914K Users After KYC and Mainnet Fix