{"id":39041,"date":"2025-12-10T13:36:13","date_gmt":"2025-12-10T13:36:13","guid":{"rendered":"https:\/\/financialrush.com\/?p=39041"},"modified":"2025-12-10T13:36:13","modified_gmt":"2025-12-10T13:36:13","slug":"pi-network-pi-news-today-december-10th","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=39041","title":{"rendered":"Pi Network (PI) News Today: December 10th"},"content":{"rendered":"

\n<\/p>\n

The team behind Pi Network has rolled out multiple updates over the past few weeks focused on improving the overall user experience and helping Pioneers resolve emerging issues.<\/p>\n

However, the price of the native token is deep in the red, while some important factors suggest the bulls are unlikely to regain control anytime soon.<\/p>\n

The Latest Updates<\/h2>\n

For many Pi Network users, fulfilling the necessary KYC procedures has been a significant obstacle, often derailed by technical glitches or other setbacks. Just a few days ago, the Core Team integrated<\/a> additional AI tools, making it easier and faster for Pioneers to complete the verification process.<\/p>\n

Specifically, the upgrade reduces validation shortages in regions with limited human reviewers, boosts Mainnet-unlocking KYC for more users, decreases the number of apps that need manual review, and increases privacy.<\/p>\n

Prior to that, Pi Network collaborated<\/a> with CiDi Games (a platform that builds Pi-related games that users can play). The partnership aims to broaden the real-world use of the PI token and offer more opportunities for Pioneers.<\/p>\n

Some X users have speculated<\/a> that further updates will be introduced at the start of next year, but there is nothing official yet.<\/p>\n

The Lawsuit<\/h2>\n

Recently, a group of Pi Network users shocked<\/a> the crypto community by claiming that the project secretly sold billions of PI tokens, manipulated the price, and deliberately delayed the Open Mainnet. Those people sued the entity, asking for $10 million in damages and accusing the team of misleading the community.<\/p>\n

The allegations directly target Pi Network’s co-founders, Dr. Nicolas Kokkalis and Dr. Chengdia Fan, as well as other unnamed individuals. The initial court hearing is scheduled for December 23, 2025.<\/p>\n

PI Price Outlook<\/h2>\n

The uncertainty caused by the legal battle could be one reason Pi Network’s native token has once again headed south. Currently, it trades at around $0.21 (per CoinGecko’s data), representing a 14% decline on a two-week scale. Furthermore, the valuation is down a staggering 93% since the all-time high of $3 witnessed at the start of the year.<\/p>\n

<\/a>
PI Price, Source: CoinGecko<\/figcaption><\/figure>\n

Some essential elements suggest that the price might not rebound soon but head towards a deeper correction. The upcoming token unlocks are among the evident examples.<\/p>\n

Data shows that more than 182 million PI will be released in the next 30 days, meaning an average unlock of over 6 million coins per day. This can increase the selling pressure and lead to a further pullback.<\/p>\n

\"PI<\/a>
PI Token Unlocks, Source: piscan.io<\/figcaption><\/figure>\n

The post Pi Network (PI) News Today: December 10th<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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