The price of Pi Coin continues to decrease, losing over 65% this month. Meanwhile, Pi Network is working to enhance its security system.
Pi Coin Price Drop
This week, the price of Pi Coin fell by 22%, dropping below $0.080 for the first time since the mainnet launch in February.
Pi Network Security Changes
Pi Network is making changes to its account security system. Previously, validation was mainly through phone numbers, which caused some issues, including unreliable and expensive SMS verification globally.
Transition to Email-Based 2FA
Pi Network is transitioning to email-based two-factor authentication to enhance overall account security. Each user needs to have a verified email address. This transition necessitated a temporary pause in account migrations for thorough analysis and secure verification integrity.
While the security changes may improve the long-term stability of Pi Network, they do not guarantee an immediate recovery of the Pi Coin price.
