{"id":99627,"date":"2025-09-25T11:16:47","date_gmt":"2025-09-25T11:16:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=99627"},"modified":"2025-09-25T11:16:47","modified_gmt":"2025-09-25T11:16:47","slug":"pi-network-pi-temporarily-shuts-down-key-services-today-a-reason-to-worry","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=99627","title":{"rendered":"Pi Network (PI) Temporarily Shuts Down Key Services Today: A Reason to Worry?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Pi Network has planned another upgrade that will cause some complications for users. The announcement hasn\u2019t rattled the PI community, with many members insisting the team should instead prioritize fixing KYC issues and pursue other goals.<\/span>
\nPI\u2019s price has headed south again, further pressured by upcoming token unlocks.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

A Brief Disruption<\/h2>\n

The team behind Pi Network <\/span>revealed<\/span><\/a> on its official X account that it will perform a scheduled upgrade later today (September 25). As a result, sign-ins and sign-ups will <\/span>be temporarily <\/span>disabled<\/span> during this period.\u00a0<\/span><\/p>\n

The upcoming process did not cause any panic across the PI community, with many members arguing that the project has much bigger problems to solve. <\/span><\/p>\n

One X user urged the team to fix the ongoing issues surrounding the verification process and work towards a listing on a major crypto exchange (like Binance, for example). <\/span><\/p>\n

Another claimed that the potential implementation of a burning mechanism might be quite beneficial for the project\u2019s native token, which has been in a <\/span>major<\/span> decline over the past several months.<\/span><\/p>\n

Today\u2019s scheduled operation isn\u2019t the only recent development for Pi Network. <\/span>Earlier this month, the project\u2019s testnet <\/span>was <\/span>upgraded<\/span><\/a> to Protocol v23<\/span> \u2013 <\/span>a custom-built enhancement that gives users greater control and unlocks new functionalities.<\/span><\/p>\n

Prior to<\/span> that, the team <\/span>introduced<\/span><\/a> Fast Track KYC<\/span> \u2013 <\/span>a solution launched through the further integration of AI in the Know-Your-Customer process, which enables Pioneers to participate in the Mainnet ecosystem \u201cearlier than ever before.\u201d<\/span>\u00a0<\/span><\/p>\n

PI Price Outlook<\/span><\/h2>\n

Despite its brief resurgence <\/span>on September 24<\/span>, the asset has headed south again and currently trades at around $0.27 (according to CoinGecko\u2019s data), representing a 5% decline over the past 24 hours.\u00a0<\/span><\/p>\n

Some of the factors that may have negatively impacted its performance include the overall plunge of the crypto market, the aforementioned announcement regarding disrupted services, and the impending token unlocks in the next month.<\/span><\/p>\n

Data shows that more than 137 million PI will be freed up within that period, with October 1 being the record day (13.2 million coins). This development doesn\u2019t guarantee a mass exodus, but it does raise selling pressure and could prompt more investors to offload their positions.<\/span><\/p>\n

<\/a>PI Token Unlocks, Source: piscan.io<\/p>\n

On the other hand, numerous analysts remain optimistic that PI can soon return to the green track. X user Nehal <\/span>envisioned<\/span><\/a> a rally in the next few months that could take the price to as high as $1.50 before the end of 2025.<\/span><\/p>\n

The post Pi Network (PI) Temporarily Shuts Down Key Services Today: A Reason to Worry?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Pi Network has planned another upgrade that will cause some complications for users. The announcement hasn\u2019t rattled the PI community, with many members insisting the team should instead prioritize fixing KYC issues and pursue other goals. PI\u2019s price has headed south again, further pressured by upcoming token unlocks. A Brief Disruption The team behind […]<\/p>\n","protected":false},"author":0,"featured_media":99628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99627"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99627"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99628"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}