Pi sees his community literally explode with anger after the KYC update. Between endless delays and plummeting prices, Pi Network's decentralized dream is turning into a nightmare. A scandal that could change everything.
In brief
- 18.1 million verified users: Pi Network announces record numbers for its KYC.
- Pioneers backlash: Thousands of members angry over delays and lack of transparency.
- The Pi Network community demands quick solutions for cases stuck in “Attempt Approval”.
Pi Network KYC: the backlash that shakes the community
Pi Network's recent KYC update in April 2026 revealed an impressive figure:
- 18.1 million verified users;
- 16.7 million migrations to the Mainnet.
Yet behind these numbers lies a crisis of confidence. In fact, thousands of Pioneers are stuck in status “Attempt Approval” for years, without a clear explanation. On the networks, complaints are pouring in and the hashtag #FixPendingTentativeApprovalIssues is flooding the web. Pi Network defends a rigorous process (30 verifications per file) to avoid duplicate or fraudulent accounts.
But for many, this bureaucratic slowness betrays the decentralized and inclusive spirit of the project. The team may reassure — 3.36 million Pioneers have finalized their KYC since October 2025 — but frustration persists. Why do some people still wait? Between lack of transparency and broken promises, the risk is great for Pi Network. a disengaged community, and with it, the future of Pi Coin.
Could Pi collapse because of KYC?
As Bitcoin and altcoins explode in May 2026, Pi Coin (PI) disappoints. Indeed, the token observed -2.6% over the month, to $0.17, despite a slight daily rebound (+1.3%). Worse, 174.2 million PI tokens will enter circulation within 30 days, which could put pressure on the price. But the real danger comes from KYC. Without access to the Mainnet, Pioneers can neither exchange their IP nor participate in the ecosystem. Result: disinterest and massive sale if the situation persists.
Especially since users are already threatening to leave the project, depriving Pi Network of its community base, its major asset. Protocol 23, whose deadline is May 15, 2026, could make things worse. Indeed, if the nodes do not migrate in time, the network would lose credibility. With a capitalization of $1.8 billion, Pi still has assets. But without a quick solution to the KYC problem, it risks becoming obsolete in the face of more agile competitors.
Pi Network KYC is a survival test. Between the anger of the Pioneers and falling prices, the project must act quickly. Otherwise, Pi could disappear… And you, would you still trust Pi Network?
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