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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Jan 31, 2025 05:29 UTC
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Pi Coin Surges 10% Despite KYC Delay: Is $100 in Sight Before Mainnet Launch?
Pi Network extends KYC deadline to February 28, 2025, ensuring users don’t lose their coins.
Pi Network confirms Open Network launch remains on track for Q1 2025 despite extension.
Perhaps, failure to complete KYC will result in losing older Pi balances before the deadline ends.
Here we go again! Pi Network has once again made a last-minute decision to extend its KYC (Know Your Customer) verification and Mainnet migration deadline—this time to February 28, 2025. Just one day before the originally planned Mainnet launch on January 31, 2025, Pi Network surprised everyone with this third extension.
But here’s the twist: despite the delay, Pi Coin has still managed to surge by 10% in just 24 hours. What does this mean for the future of Pi Coin and its holders? Keep reading to find out what’s really at stake.
Why the Extension?
Pi Network explained in a blog post that the grace period for KYC updates and migration has been extended to February 28 to ensure fairness. This gives everyone more time to complete their verification without losing their Pi coins.
The extension won’t affect the launch of the Open Network, which is still scheduled for Q1 2025. Pi Network made it clear that the new deadline won’t change the timeline for the launch, so everything is still on track.
What Happens If You Miss the Deadline?
Pi holders need to act quickly. Anyone who doesn’t complete the KYC process and migration by the new deadline will lose their coins. Only Pi mined within the last six months before migration will be kept. Older balances will be lost. So, users need to move fast to secure their holdings.
Pi Coin Price Soars
Despite the extended grace period, Pi Coin has seen a significant price jump. In just 24 hours, Pi Coin’s price increased by 10%, reaching nearly $50, with a market cap of $3.38 billion
As the mainnet launch nears, Pi Coin traders are closely monitoring key price levels. If the mainnet launch occurs before the end of Q1, there’s potential for Pi Coin to hit $100. However, if delayed, it may see a bearish decline towards $28.
Pi holders now have more time to complete KYC and migration, but the clock is ticking. The new deadline gives them a chance to secure their coins, but they should act quickly to avoid losing them. February 28, 2025, is fast approaching.
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FAQs
Pi Network extended its KYC and migration deadline to February 28, 2025, giving users more time to secure their coins before the Mainnet launch.
Pi Coin’s future depends on successful KYC and migration, the Mainnet launch, and broader market acceptance. It shows promise but requires validation.
Yes, Pi Coin has value, and its price recently surged by 10%. However, its true worth depends on Mainnet launch and user adoption.
Yes 
No 
