In a remarkable turn of events, Pi Network has successfully onboarded 2.69 million users to its mainnet following the completion of an extensive Know Your Customer (KYC) verification process. This surge in adoption comes just ahead of the project’s ambitious plan to integrate the ISO 20022 financial messaging standard, set for November 22, 2025.
The PI token has experienced a robust rebound, climbing 20% in the last 24 hours to reach a trading price of $0.25, marking its highest point in three weeks. This recent price increase signifies a potential recovery for the token, which endured a steep decline from its February 2025 peak of $3, crashing 93% to an all-time low of $0.172 just last month.
Glimmers of optimism are visible as PI finds support around the $0.20 mark, a pivotal level that held firm through mid-October. The recent surge not only breaks the consolidation pattern that had plagued the token but also reflects a promising new phase in the network’s evolution.
Welcoming New Pioneers
The Pi Network community, affectionately termed “Pioneers,” has demonstrated remarkable enthusiasm as millions of users rushed to migrate their PI tokens to the mainnet. This migration is viewed as a significant milestone in the network’s journey and hints at a burgeoning ecosystem.
The forthcoming integration of ISO 20022 is particularly noteworthy. As a global messaging standard for financial transactions, its adoption could significantly enhance the efficiency of cross-border payments, promoting transparency in international transactions. Community reports suggest that this alignment could pave the way for Pi’s interaction with traditional banking systems, potentially enabling SWIFT connectivity, which would mark a significant advancement for the platform.
By joining the ranks of other cryptocurrencies that are aligning with ISO 20022, Pi Network is positioning itself within a critical arena of innovation that could foster greater acceptance in mainstream financial infrastructures.
Technological Foundation
Operating on the Stellar Consensus Protocol, Pi Network emphasizes a secure, low-energy framework that balances decentralization with scalability. This foundation not only enhances regulatory compliance but also maintains a minimal environmental impact while achieving high operational efficiency.
Reasons for the recent price hike vary among analysts. Some speculate that fresh capital from Wall Street may be trailing into the ecosystem, while others attribute the uptick to recent strides towards SWIFT integration.
Adding to its credibility, OKX exchange has recently completed the Know Your Business verification for Pi Network, further solidifying its position as it pushes toward global transaction capabilities.
History of Price Fluctuations
Historically, the PI token has shown volatile behavior, reminiscent of its early days in February. A notable surge in May followed by a significant drop raised eyebrows, leaving many to ponder whether the current 20% rally is sustainable.
Despite some promising movements, PI has lagged behind many other cryptocurrencies throughout 2025, consolidating its position as one of the poorer performers in the broader market recovery. However, with the potential ISO 20022 rollout date looming and the community’s confidence evidenced by the steady growth in user base, the upcoming weeks will be pivotal for Pi Network.
As the November 22 deadline for ISO 20022 approaches, all eyes will be on how Pi Network navigates this critical juncture and whether it can capitalize on the momentum created by its expanding ecosystem.
