Pi Network has surpassed 18.1 million full KYC approvals and migrated over 16.72 million users to its Mainnet, the team announced in a new update. AI-powered tools have cut the manual review backlog by about 50%, and the ‘Fast Track’ system is now integrated into the standard verification flow, allowing most new submissions to receive a status update within two weeks. Despite the progress, many Pioneers remain stuck in ‘Tentative KYC’ status for months, drawing sharp criticism. The Pi Core Team clarified that tentative status does not mean rejection but requires additional review, noting that a system upgrade since October 2025 has moved 3.36 million users from Tentative to full approval. The network now has 421,000 active mainnet nodes ahead of the May 15 deadline for the Protocol 23 upgrade.
On the price front, PI token trades near $0.17, down over 8% in a week and far below its February 2025 peak of $2.99. The looming token unlocks add further pressure: roughly 174 million previously locked PI tokens could enter circulation before month-end, with another 190 million expected in December. This supply influx may weigh on sentiment, even as the project introduces tools like the Pi Desktop Application Studio and showcases its privacy-safe human-proof model at Consensus Miami. Pi Network’s ability to manage verification delays and token supply will likely shape its next phase.
