Pi Network Struggles with Price and Verification as ZKP Presale Gains Attention

Pi Network (PI) continues to face significant challenges despite recent technical progress. The project has fully opened its mainnet and activated smart contracts, transitioning from a closed ecosystem to an open market. Over 17.5 million users have completed KYC verification, aided by AI tools that halved the manual review backlog. However, the token's price has collapsed more than 90% from its peak near $3.00, now trading in a consolidation range between $0.19 and $0.23. A scheduled release of 190 million coins in December, valued at over $40 million, is seen as a critical stress test for the network.

Solana (SOL) presents a conflicting picture. While institutional interest is demonstrated by Franklin Templeton's spot SOL ETF approval and Total Value Locked (TVL) has climbed to $8.41 billion, the price remains under heavy selling pressure. Technically, SOL is trapped in a sideways channel between $125 and $143, with indicators like MACD signaling bearish momentum.

Meanwhile, a new project called Zero Knowledge Proof (ZKP) is generating buzz with its unique presale model. The project is conducting a live presale auction that resets every 24 hours, distributing exactly 200 million ZKP tokens daily. The auction accepts contributions in ETH, USDC, USDT, BNB, and 24 other assets, with allocations determined proportionally. The total presale supply is 90 billion ZKP coins, representing 35% of the maximum 257 billion supply. Coins can be claimed immediately after each daily auction closes, with the model designed to eliminate gas wars and insider advantages.