- The price of Pi Network is now under pressure, although the token has recently risen slightly.
- The platform makes 2FA mandatory for all mainnet migrations.
- A rise in CEX signals a sell pressure on the price of Pi.
The recent move of the Pi Network shows a significant change, but it has not been able to have a long-term impact on the price of Pi Coin. Although Pi Network has seen a temporary rise following recent security updates to the platform, the indicator is showing signs.
As the project prepares for the large-scale use of the mainnet, it has implemented two-factor authentication (2FA) to strengthen user security. This section is now part of the Mainnet Checklist, meaning that users must protect their wallets before completing the migration and receiving the transfer of real tokens.
However, this change also raises concerns about the sustainability of the Pi Network. With many indicators moving to the exchange and investors showing signs of profit taking, the market is acting cautiously. As the networks approach the irreversible transformation of the chains, the combination of strong security and high energy efficiency may make the PI token vulnerable to long-term instability.
Pi Network Value under Pressure
Pi Network is currently trading at $0.1705, up 1.14% on the day, according toCoinMarketCap data. Even the daily amount, a The PI indicator is still down and 2% and 4.2% over the past week and month, respectively. This shows that many users are selling their tokens, especially as the second phase of the mainnet migration continues.
Such an increase is putting a risk on the price. Many investors seem to have lost faith and are choosing to take profits instead of holding. As more tokens enter the markets, it becomes easier for prices to fall due to overselling activity.
From a technical point of view, the appearance of The Pi Network token seems to be a bit low. The price has fallen below the important support level of $0.1736, which now opens the door to a possible drop to $0.1556. If the price drops too much, you can test the lower levels around $0.13.
Symptoms also indicate weakness. The RSI is below the neutral zone, which means the bullishness is still low, while the MACD shows that the market is not too strong yet – but it is still leaning. Overall, Pi Network’s stock may continue to face challenges in the short term unless it returns to buying interest.
2FA Implemented to Protect Mainnet Transfers
As Pi Network moves closer to using the mainnet, it has implemented two-factor authentication (2FA) to strengthen user security. This is now part of the Mainnet Checklist, meaning users must enable 2FA on their Pi Wallet before migrating their tokens. The goal is to ensure that only the account owner can approve transactions, especially since transfers are permanent and irreversible.
The new system requires users to complete the 2FA setup during the first and second migration. Once activated, it adds an extra level of security while allowing for smooth acceptance in the future. In short, no Pi tokens can be transferred to the mainnet unless 2FA is enabled. This makes security a permanent part of migration rather than an option.
This update comes as rumors targeting the Pi Network continue to rise. Fraudsters are using fake websites and messages to lure investors into modern scams. These increasing problems have also caused the value of the Pi Network to fall.
