Pi Network (PI) News Today: December 10th

The team behind Pi Network has rolled out multiple updates over the past few weeks focused on improving the overall user experience and helping Pioneers resolve emerging issues.

However, the price of the native token is deep in the red, while some important factors suggest the bulls are unlikely to regain control anytime soon.

The Latest Updates

For many Pi Network users, fulfilling the necessary KYC procedures has been a significant obstacle, often derailed by technical glitches or other setbacks. Just a few days ago, the Core Team integrated additional AI tools, making it easier and faster for Pioneers to complete the verification process.

Specifically, the upgrade reduces validation shortages in regions with limited human reviewers, boosts Mainnet-unlocking KYC for more users, decreases the number of apps that need manual review, and increases privacy.

Prior to that, Pi Network collaborated with CiDi Games (a platform that builds Pi-related games that users can play). The partnership aims to broaden the real-world use of the PI token and offer more opportunities for Pioneers.

Some X users have speculated that further updates will be introduced at the start of next year, but there is nothing official yet.

The Lawsuit

Recently, a group of Pi Network users shocked the crypto community by claiming that the project secretly sold billions of PI tokens, manipulated the price, and deliberately delayed the Open Mainnet. Those people sued the entity, asking for $10 million in damages and accusing the team of misleading the community.

The allegations directly target Pi Network’s co-founders, Dr. Nicolas Kokkalis and Dr. Chengdia Fan, as well as other unnamed individuals. The initial court hearing is scheduled for December 23, 2025.

PI Price Outlook

The uncertainty caused by the legal battle could be one reason Pi Network’s native token has once again headed south. Currently, it trades at around $0.21 (per CoinGecko’s data), representing a 14% decline on a two-week scale. Furthermore, the valuation is down a staggering 93% since the all-time high of $3 witnessed at the start of the year.

PI Price, Source: CoinGecko

Some essential elements suggest that the price might not rebound soon but head towards a deeper correction. The upcoming token unlocks are among the evident examples.

Data shows that more than 182 million PI will be released in the next 30 days, meaning an average unlock of over 6 million coins per day. This can increase the selling pressure and lead to a further pullback.

PI Token Unlocks, Source: piscan.io

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