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Pi Network Faces KYC Crisis: 80% Could Be Affected as PI Drops

  • The price of Pi Coin (PI) has plummeted drastically, with just four days remaining before the Pi Network KYC deadline. Approximately 80% of users risk losing access to their crypto holdings.
  • Thousands of pioneers have complained about difficulties completing the Know-Your-Customer (KYC) verification process. As revealed across multiple social media platforms, 80% of affected users cannot verify their coin balances properly at the time of writing.
  • The mounting user frustration and uncertainty have contributed to lowering PI Coin’s value. PI plummeted by more than 16% in the last seven days, raising concerns for traders and investors. PI trades at $1.40, following a 12.2% decrease over the previous day.
  • The ongoing uncertainty regarding a potential Binance listing further complicates matters for Pi Network users. In a recent update we covered, 86% of users voted in favor of Binance listing Pi on its platform. Still, Binance has not made any official announcement, increasing frustration among Pioneers.

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