Pi Network Remains Stable After 8.7M PI Unlock As KYC Verified Users Hit 19M

TLDR

Table of Contents

Pi Network unlocked about 8.7M PI tokens in December with no sharp activity changes reported.
More than 19 million Pi users have completed mandatory Know Your Customer verification.
Community trackers reported steady internal activity after the December token unlock.
PI trading remains limited due to restricted access to major external exchanges.

Pi Network recorded steady internal activity after unlocking 8.7 million PI tokens during the Christmas period, while confirmed Know Your Customer users crossed 19 million. The absence of visible disruption after the unlock kept attention on network usage rather than price movement. Community trackers and public posts noted calm behavior following the supply release. The development has since shaped ongoing discussion around Pi Network’s readiness and ecosystem structure.

Limited Market Reaction After December Token Unlock

Pi Network unlocked about 8.7 million PI tokens in late December, according to community data and user reports. The release followed a pre-set schedule shared earlier with network participants. Token unlocks often increase short-term selling pressure in crypto markets. In this case, observers reported no sharp changes linked to the event.

Community members monitoring wallet activity said balances adjusted gradually rather than abruptly. They also noted that many unlocked tokens remained within the ecosystem. These tokens were often linked to app usage or peer transactions. Since PI does not trade freely on major exchanges, external price discovery remained limited.

Public discussion focused on the absence of panic behavior. Some users described the unlock as a routine network event rather than a market shock. Others stressed that price stability remains hard to confirm due to restricted trading access. Independent price feeds remain unavailable across most global platforms.

KYC Verification Base Reaches 19 Million Users

Another key development was the reported milestone of more than 19 million verified users. Pi Network previously stated that KYC is required for migration and ecosystem access. Community channels cited this figure as a sign of broader user readiness. Verification allows users to transfer balances and use supported applications.

Supporters stated that verified users are more likely to transact within the network. They argued that identity checks reduce automated activity and limit misuse. As a result, they see KYC growth as linked to measured behavior after the token unlock. The verification process remains ongoing across regions.

🚨The Dec 25th unlock of ~8.7M PI was a real-world stress test for our economy. The result? Stability. This isn't market luck; it's the outcome of a 19M+ KYC'd community focused on utility, proving that a real economy is resilient to supply shifts🖥#PiNetwork @fen_leng pic.twitter.com/mWHKLSXu41
— PiNetwork DEX⚡️阿龙 (@fen_leng) December 27, 2025

External analysts remain cautious about the data. They note that verification numbers alone do not show transaction volume or merchant activity. They also point out that demand depends on real services and regular usage. Still, the size of the verified base remains a central data point in Pi Network updates.

Wallet Features and Fiat Display Draw User Attention

Recent wallet updates also gained attention during the same period. Users reported seeing multiple global fiat currencies listed in on-ramp sections. These displays appeared across different regions. Some community posts interpreted this as progress toward broader payment access.

Other users clarified that the fiat listings reflect third-party integrations. They explained that such features allow currency viewing or conversion support. These tools do not signal official backing by governments or regulators. Payment providers manage the interfaces shown in the wallet.

Analysts urged users to separate confirmed features from online claims. They noted that payment displays do not equal open trading or listings. Verified documentation remains limited, and updates continue to roll out gradually. The discussion added to broader questions around transparency and rollout pace.

Ongoing Debate Over Network Progress and Access

The December developments renewed debate within the Pi community. Supporters cited calm behavior after the unlock as a sign of balance. They pointed to controlled supply releases and a large verified base. Critics continued to raise concerns over long testing timelines.

Some observers noted that access to external markets remains restricted. They said broader evaluation depends on migration phases and usage data. Others emphasized that future unlocks will draw similar scrutiny. Network updates remain closely followed across social channels.

For now, available data shows no immediate disruption after the December unlock. The focus has shifted toward future milestones and usage growth. Pi Network remains under observation as discussions continue into 2026.