Pi Coin Drops 25% in a day, Will KYC Deadline Shake Prices?

Pi Coin has taken a large hit, crashing 25% successful conscionable a day. It dropped to $2.05 earlier recovering somewhat to $2.41, but it’s inactive down 12% overall. The marketplace headdress is valued astatine $14.05 cardinal and the 24-hour trading measurement stands astatine $1.64 billion, dropping astir 55%. This abrupt autumn comes aft its caller Mainnet launch, which had initially sent prices soaring. 

Source: CoinMarketCap

Now, with contiguous being the past accidental for users to decorativeness their KYC (Know Your Customer) verification, there’s a batch of uncertainty successful the market.

KYC is an important measurement for Pi holders since it lets them corroborate their individuality and transportation their coins to the main network. If excessively galore radical neglect to implicit this step, it could impact however overmuch Pi is really successful circulation, which could, successful turn, messiness with the price. So, each eyes are connected the deadline today, and radical are wondering however it volition interaction the market.

At the aforesaid time, the full crypto marketplace is nether pressure. Bitcoin dropped beneath $80,000, partially due to the fact that of concerns astir upcoming U.S. tariff plans, stricter crypto regulations, and the caller $1.5 cardinal Ethereum hack. Ethereum itself fell 7%, and different large names similar XRP, BNB, and Solana took large hits too.

Despite the caller dip, Pi Coin is inactive holding up amended than its lowest constituent of $0.6152.  Pi Coin has taken a 20% deed from its highest of $2.98, proving erstwhile again however unpredictable the marketplace tin be. When the Mainnet launched connected February 20, prices skyrocketed 30% successful conscionable an hour, lone to clang overnight. 

Some judge it could inactive scope $100 someday, but that would lone hap if adoption grows, trading enactment increases, and large exchanges commencement listing it.  

With the KYC deadline ending contiguous and truthful overmuch uncertainty successful the air, the large question remains: Will Pi Coin bounce back, oregon is much occupation connected the way?