Pi Network: How KYC Expansion and ISO 20022 Integration Sparked PI Coin’s 15% Surge
Pi Coin has experienced a sharp 15% price increase in the past 24 hours, marking a continuation of its bullish trend. This surge is largely attributed to two significant developments in the Pi Network ecosystem: the large-scale completion of Know Your Customer (KYC) verifications and the network’s preparation for ISO 20022 integration. These upgrades have not only strengthened trust among existing users but also attracted new investor interest, fueling market momentum.
The Pi Network team recently confirmed the completion of KYC verification for an additional 3.36 million users, known as “Pioneers.” This achievement follows the implementation of an AI-powered system that enabled the successful verification of 4.76 million pending KYC applications. With this advancement, the total number of users who have migrated within the ecosystem now stands at approximately 2.69 million.
The KYC process is critical for ensuring regulatory compliance and enhancing the credibility of the platform. By verifying users’ identities at scale, Pi Network positions itself as a more secure and trustworthy project, which is essential for long-term growth—especially as it prepares for the broader adoption of ISO 20022 standards.
ISO 20022 is a global messaging standard for financial institutions that allows for more structured, rich, and interoperable data communication. Pi Network’s move to integrate this protocol signals its intention to align with international banking and finance systems. This could potentially open doors for more institutional partnerships and broader utility for the PI token within regulated financial environments.
Despite rumors circulating about the completion of network migration, Pi Network core contributor Fen Leng clarified that the process is still underway. According to Leng, Testnet2 remains on version 19 and has not yet been upgraded to version 23. This statement serves as a caution against over-optimism and misinformation, even as the network continues to progress steadily.
Investor sentiment has been overwhelmingly positive following these announcements. Data shows that 92% of the 4.4 million investors tracking Pi on trading platforms have expressed a bullish outlook. This surge in optimism suggests an uptick in buying pressure and accumulation activity, which is further supported by trends observed in the derivatives market.
According to recent analytics, Pi’s Open Interest has jumped to around $33 million in just 24 hours, while the Funding Rate has turned positive at 0.0055%. These indicators suggest that a majority of traders are holding long positions, anticipating further price growth. This bullish market behavior reflects confidence in the asset’s short- to medium-term potential.
From a technical analysis standpoint, Pi Coin is currently testing a key resistance zone. The Relative Strength Index (RSI) is hovering at 65, indicating strong buying momentum without yet entering overbought territory. Should PI break through this resistance, analysts predict a possible rally toward the $0.5–$0.6 range, potentially revisiting its highs from May.
The broader context of Pi Network’s development points to a strategic shift toward maturity and compliance. By focusing on core infrastructure elements such as KYC and ISO 20022, the platform is laying the groundwork for more robust adoption scenarios, including future listing on major exchanges, integration with payment systems, and use in decentralized finance (DeFi) applications.
Furthermore, Pi Network’s growth isn’t occurring in isolation. The cryptocurrency sector as a whole is seeing increased attention from regulators and institutional players. Projects that proactively adopt frameworks like ISO 20022 and implement comprehensive KYC procedures will likely be better positioned to thrive in this evolving landscape.
In addition to technical and regulatory advancements, the Pi Network community continues to expand its ecosystem by developing decentralized applications (dApps) and exploring real-world use cases for the PI token. These innovations provide additional layers of value and utility, increasing the likelihood of long-term sustainability.
Looking ahead, investors and analysts will be closely monitoring the completion of the network migration, the successful implementation of ISO 20022, and any further KYC milestones. These elements will play a crucial role in determining whether Pi Coin can maintain its upward trajectory or face consolidation.
While today’s spike is a result of tangible ecosystem progress, caution remains essential. The crypto market is notoriously volatile, and even the most promising assets can experience sharp corrections. However, with strong fundamentals and a growing user base, Pi Network appears to be on a promising path.
In summary, Pi Coin’s recent 15% rally is not just a product of market speculation but a reflection of meaningful steps toward scalability, compliance, and utility. As the project continues to evolve, it may well become one of the more compelling stories in the blockchain space.