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Pi Network Users Report Zero Balances Post-KYC, Sparking 4% Price Drop
Pi Network Users Report Zero Balances Post-KYC, Sparking 4% Price Drop
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network users are voicing frustration as many report empty wallets despite completing Know Your Customer (KYC) verification and following migration procedures. This backlash has driven a 4% decline in Pi Coin's value, now trading slightly above $0.60—a significant drop from its mid-May peak of $1.70 during HYPE around a major network announcement.
The Pi Core Team's recent security advisory, meant to reassure users about wallet safety, has instead intensified frustrations. Community members criticize the project for neglecting fundamental token distribution issues while focusing on procedural warnings. Market sentiment has shifted from Optimism to skepticism as traders reassess Pi's short-term potential.
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