Pi Network announced that over 417,000 users passed a duplicate-account review and can now proceed with KYC, while another 497,000 users are awaiting a wallet migration fix to claim balances. These figures represent technical backlogs rather than confirmed active spenders or unlocked coins. The company has not disclosed how many users completed all KYC steps, migrated balances, or made payments using PI tokens. The update highlights progress in user access but does not confirm increased token demand or economic activity. Investors should watch for future disclosures on KYC completions, wallet migrations, and actual PI spending to assess the network's growth and utility.
Pi Network's KYC backlog update provides context for readers. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 29, 2026 17:02 WIB: 42 of 50 major cryptocurrencies rose today. Notable movers include SXP at Rp37 with a -46.27% change and a typical hold time of 94 days, CRV at Rp7,203 with a +22.58% change and 78% buy order activity, and LINK at Rp278,472 with a +13.99% change and 60% buy order activity.
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