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.