Pi Network 2FA Security Update: Will Pi Coin’s Price Soar?

Jakarta, Pintu News – Pi Network (PI) recently announced the implementation of mandatory two-factor authentication (2FA) for Pioneers, aimed at ensuring secure migration to the mainnet blockchain.

Since this announcement, Pi Coin’s price has shown a recovery, climbing back up from the critical $1.00 support level.

Introduction of 2FA for Pi Wallet Security

In an effort to improve the security of its wallet, Pi Network has introduced two-factor authentication (2FA). This new feature requires selected Pioneers to complete 2FA via a trusted email before their Pi balances are successfully migrated to the Mainnet.

Read also: Pi Coin Sees a Modest Increase, How Much is Pi Network to Rupiah Today (3/20/25)?

The Pi core team stated that 2FA security aims to protect Pioneer wallets and accounts by adding an additional layer of protection. For Pioneers who have recently migrated their Pi and are still within the 14-day delay period, completing 2FA is now mandatory.

If Pioneer fails to complete the 2FA process, Pi Network will securely return Pi Coin to their mining app. However, upon successful completion of the 2FA process, the user’s balance will be migrated back to the Mainnet without any loss.

The official announcement from the Pi core team states that the 2FA and “return” features of Pi are intended to ensure the security of Pi’s balance and Pioneers’ accounts as much as possible.

Pi Network (PI) Coin Price Recovery Prospects

In the past week, the price of Pi Coin experienced significant selling pressure, dropping by 23% in the weekly chart.

With its market capitalization falling below $8 billion, the altcoin has now dropped from 11th to 16th place. Additionally, the daily trading volume for Pi Coin increased by 15.87% to $600 million.

Despite these developments, market analysts remain optimistic about the altcoin. The 15-minute price chart (3/19/25) of Pi Coin shows a symmetrical triangle pattern, indicating a possible breakout soon.

Postponement of Token Launch and Listing on Exchanges

Reporting from Coingape (19/3), the price of Pi Network’s native token experienced high volatility as data from PiScan revealed that nearly 129 million Pi Coin-with a value of approximately $175 million-will be released this month.

Read also: Can the Pi Network Price Reach the IOU Level of $100?

Massive token opening events often lead to mounting selling pressure, sparking fears that Pi Coin’s price could fall below the critical $1 threshold.

In addition, the community is still waiting for Pi Coin’s listing on a major exchange. Binance has yet to confirm plans to list Pi Coin, leaving speculation and market uncertainty dominating discussions.

Overall, with the introduction of 2FA by Pi Network and continued volatility, the future of the Pi Coin price looks full of uncertainty but also potential.

Improved security and wider adoption will probably be key in determining whether Pi Coin can again reach and exceed the $2 value.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Network Adds 2FA for Wallet Security: How It Will Affect Pi Coin Price. Accessed on March 20, 2025