Latest news about Pi Network:

1 Listing of Pi coin on new platforms:

◦ On May 4, 2025, the BANXA platform announced the listing of Pi Coin after being included in the KYB verification system, allowing the coin to be purchased in over 100 countries. This listing enhances the accessibility of the coin and reflects growing confidence in the project.

2 Launch of the open network:

◦ On February 17, 2025, the Pi Network team announced the launch of the Open Network, a long-awaited step after a series of delays. This launch marks a critical phase allowing for broader trading of the coin, but coincided with a price drop, reflecting market volatility.

3 Market performance:

◦ Pi coin has seen notable price volatility. On March 13, 2025, the price surged by 20.91% in 24 hours, reaching $1.72, with expectations to test the $2 level if the buying momentum continues.

◦ However, by May 5, 2025, the price had dropped to $0.59, down 0.24% over 24 hours, with a market value of $4.16 billion.

◦ Reports indicate selling pressure due to increased supply, as 228.5 million PI coins will be unlocked within 30 days, which could negatively impact the price.

4 KYC verification challenges:

◦ The project faces technical challenges in the KYC process, impacting user experience. However, over 10 million users completed verification by April 2024, a milestone that enhances regulatory compliance.

News about the addition of 1.3 million new subscribers and its impact:

• There is no specific information in the available sources indicating the direct addition of 1.3 million new subscribers. However, it is noted that the Pi Network user base has reached over 60 million users globally, with significant growth from 29 million active users in early 2024 to 55 million by 2025.

• Impact on the project:

◦ Pros:

▪ The increase in the number of users strengthens the community, a key element in the Pi Network's model based on community participation and decentralized governance.

▪ Growth in the user base supports mass adoption and increases the likelihood of the coin being used in decentralized applications (dApps), especially as the Pi Core team accelerates the launch of these applications.

▪ The listing on platforms like BANXA and OKX reflects growing market interest, which may attract new investors.

◦ Challenges:

▪ The increase in coin supply with the growing number of users leads to an imbalance in supply and demand, putting pressure on the price. The total supply of the coin is 100 billion pieces, and the launch of more coins could decrease its market value if not matched by sufficient demand.

▪ Ongoing criticisms regarding transparency, such as discrepancies in active user data compared to blockchain data, may affect investor confidence.

▪ Reliance on advertising revenue and technical challenges in KYC may hinder user experience and affect sustainable growth.

Future predictions:

• The mainnet launch in January 2025 and the expansion of decentralized applications could boost demand for the coin if successfully implemented.

• However, global economic pressures, such as the trade war between the US and China, may continue to negatively impact the cryptocurrency market, including Pi.

• Analyses indicate that reaching a price of $5 remains a significant challenge due to increased supply, but the continued buying momentum and ecosystem improvements could support a gradual rise.

Recommendation:

• Investors are advised to follow official updates from the Pi Network team and conduct thorough research before investing, given market volatility and supply increase risks.

• For the latest news, official Pi Network accounts on social media platforms can be followed, such as Core Team X, which has over 3.3 million followers.

If you need additional details or deeper analysis, please let me know!