Is Pi Network delaying the grand launch? The secret behind the slowdown in KYC and the pressure of the open market
Despite the official launch of the Pi Network, the currency is still suffering from a noticeable slowdown in activating identity verification (KYC) and distributing rewards, as the team relies on a calculated cautious strategy to avoid massive sell-off waves that could crash the currency price, which is currently stable between $0.4 to $0.5.
This slowdown is accompanied by a greater challenge: the existence of more than 384 million Pi coins available on exchanges, generating strong supply pressure that hinders any real upward movement, even with the digital market recovering by nearly 20%.
Amid fears of a sudden collapse and the desire to build a stable economic system based on burning or locking tokens, it seems that Pi is moving at a slow... but deliberate pace.
