Pi Network Adds 2FA for Wallet Security – How It Will Affect Pi Coin Price?

Pi Network has just implemented two-factor authentication (2FA) to enhance wallet security for users migrating to the mainnet. This update comes as Pi Coin struggles around the critical $1 support level. Will this security upgrade help Pi Coin regain momentum? Let’s break it down. Pi Network’s core team announced a mandatory 2FA requirement for Pioneers migrating their Pi balances to the mainnet blockchain. This added security layer ensures that only the rightful wallet owners can complete their transactions. The Pi Core team explained the purpose of this update, stating: “2FA and the Pi ‘return’ features are meant to ensure, as much as possible, the security of Pioneers’ Pi and accounts. Due to the nature of blockchain where transactions are immutable and the Pi Wallet is noncustodial, these features provide extra caution and make sure that Pi is sent to the rightful Wallet owner.” For Pioneers who fail to complete the 2FA process, Pi Coins will be securely returned to their mining app instead of being migrated. On the other hand, those who successfully complete the process will have their balance re-migrated without loss. This move aims to prevent unauthorized transactions and improve the overall security of the Pi Network ecosystem. The Pi Coin price has been under significant selling pressure, dropping 23% in the past week. With its market cap slipping below $8 billion, Pi Coin has fallen from the 11th to the 16th largest cryptocurrency ranking. Currently, the token’s daily trading volume has increased by 15.87% to $600 million. Despite the price correction, some market analysts remain optimistic about Pi Coin’s future movement. Technical analysis shows that Pi Coin’s 15-minute chart displays a symmetrical triangle pattern, hinting at an imminent breakout. • Bullish Scenario: If Pi Coin breaks above the key resistance level at $1.20, it could rally toward the $1.25–$1.30 range. Increased buyer volume could push the price even higher. • Bearish Scenario: If Pi Coin fails to hold above support and falls below $1.10, the price could revisit lower levels around $1.05–$1.02. Another factor influencing Pi Coin’s price is the upcoming token unlock event. Data from PiScan reveals that nearly 129 million Pi Coins—worth approximately $175 million—are set to be released this month. Large token unlock events often lead to increased selling pressure, raising concerns that Pi Coin could drop below the $1 mark. Additionally, the Pi Network community is eagerly awaiting listings on major exchanges. However, Binance and other leading platforms have yet to confirm listing plans. This uncertainty adds to the market volatility and investor hesitation. The introduction of 2FA is a positive step for Pi Network, reinforcing security and user confidence. However, in terms of price action, Pi Coin still faces resistance levels and selling pressure from token unlocks and the lack of major exchange listings. #pinetwork #pinetworknewupdate #pinetworkpriceprediction