As Pi Coin Dips, Pi Network Rolls Out Major Security Overhaul

The Pi Coin price dipped 22% this week, continuing a broader downturn as the price is now down over 65% on a monthly chart.

This means Pi Coin price is now below $0.080 for the first time since late February when the official mainnet launch happened.

Our today’s Pi Coin price prediction doesn’t reveal a positive picture for holders as testing $0.075 now remains a possibility for a weekly close. But at the same time, what is the Pi Network team doing? They just released a security update.

Pi Network is making changes to its account security system. Until now, Pi accounts primarily used phone numbers as unique identifiers. Even though this approach seemed convenient initially, it created numerous problems over time.

SMS verification through phone numbers proved both unreliable and expensive. Due to the global nature of the Pi community, text message communications between users and servers frequently failed because of varying telecommunications regulations, carrier policies, and service limitations across different regions.

Pi Network is adding email-based two-factor authentication to the overall account management and verification. https://t.co/UeoJ0F8H17

This change addresses challenges with current SMS (text message) account verification, improves security, and lays the groundwork for future…

— Pi Network (@PiCoreTeam) March 29, 2025

Email-Based 2FA: The New Security Standard

Given these challenges and the network’s current stage with more reliable verification methods like KYC and liveness checks, Pi Network is transitioning to email-based two-factor authentication (2FA). This change not only addresses the previous issues but increases overall security through its two-factor approach.

For this transition to work, every user needs to have a verified email address on file. However, this presents challenges as many users never added an email to their accounts, entered incorrect ones, lost access to previous emails, or shared email addresses with family members who also have Pi accounts.

Since adding an email wasn’t required during account creation, and this represents a major shift in security protocols, Pi Network needed to conduct thorough analysis before allowing user migrations. They examined how users added and verified email addresses and completed 2FA to ensure account security integrity. In some cases, additional verification steps like liveness checks or SMS verification were required.

This process necessitated a temporary pause in account migrations. Now, Pi Network has announced that migrations have resumed and will gradually expand as more users complete email-based 2FA verification and system-level checks.

The network highlights its commitment to a secure transition and appreciates user patience as these account security improvements are implemented across the platform. Will this be enough for the Pi Coin price to recover? The answer is no, at least for now.

Read also: We Asked AI to Predict Pi Coin Price in April

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