Pi Network Price Rises Ahead of Grace Period Date

Pi Coin, which is only listed on HTX, rose as the countdown to the end of the KYC grace period neared. The KYC is a process where the millions of pioneers

Pi Network token price showed signs of optimism on Friday, rising a few points ahead of a key catalyst that will determine its future in 2025.

Pi Coin price today rose to $44, a few points above this week’s low of $38. The token, which is seen as a proxy for the Pi project, showed signs of strength despite being down over 90% from its all-time high.

Pi Coin price is only listed on one exchange, HTX. However, the token is set to be listed on several other exchanges in the coming months.

Pi Coin price rose as the countdown to the end of the KYC grace period neared. The KYC is a process where the millions of pioneers who joined the network early on verified their identity.

The goal of the KYC is to remove bots, which are common in many tap-to-earn networks. The grace period ends on January 31 after being postponed twice in the past few months.

January 31 will be a key day because it will provide more information about whether the Pi Network mainnet launch will happen. The developers are aiming for as many pioneers to verify their identity as possible.

In the last update, over 13 million pioneers had verified their identity, but only 8 million had migrated their coins to the mainnet.

The mainnet launch will be an important event because it will allow pioneers to monetize their coins. Some of these users will choose to hold their coins and hope for the price to continue surging.

Others will choose to sell many of their coins and take a profit.