Pi Coin rises 30% this week: Pi Network joins ISO 20022 and completes KYC verification for 3.36 million users

The native crypto asset of Pi Network, Pi Coin, continues to pump, with a weekly increase of over 30%, as long positions attempt to break through the resistance level of $0.28. This bullish action is mainly attributed to Pi Network's announcement of joining the ISO 20022 standards organization, aligning with compliant digital assets such as XRP, Stellar (XLM), marking a significant step towards integration with global banking and payment standards. Meanwhile, over 3.36 million new Pi Network users have successfully completed KYC verification, further expanding its verifiable user base and laying the groundwork for the upcoming Mainnet upgrade and enhanced interoperability.

Pi Coin Breaks Consolidation Range: Weekly Rise Exceeds 30%

The native token of Pi Network, Pi Coin, has attracted widespread attention in the market. Over the past week, the price of Pi Coin has significantly risen from a low of 0.19 dollars, with a weekly increase of over 30%, and it has pumped 15% in the last 24 hours. The bulls are working hard to break through the previous resistance level of 0.28 dollars.

(Source: TradingView)

Technical charts show that the Pi Coin price has broken through the consolidation area and rebounded at the $0.23 support level, regaining bullish momentum. Crypto Assets analyst Devid James points out that the recent breakout indicates increasing strength at the price bottom, which enhances traders' bullish sentiment. However, the $0.3626 level remains a key resistance level to watch. If it faces resistance here, it may trigger a short-term pullback, and the price may re-test the $0.23 support area.

Major Milestone: Pi Network Joins ISO 20022 Organization

One of the main factors driving the rise in Pi Coin prices is that Pi Network has announced its membership in the ISO 20022 standards organization, aligning it with leading Compliance digital assets such as XRP and Stellar (XLM).

• Enhancing Interoperability: This initiative marks an important step for Pi Network towards integrating global banking and payment standards. By adopting ISO 20022, Pi Network will enhance compatibility with traditional financial systems, potentially leading to smoother cross-border transactions, improved interoperability, and increased institutional trust.
• Institutional Recognition: As global banks increasingly turn to ISO 20022 to modernize their financial information framework, digital assets that adhere to this standard are expected to gain a competitive advantage in regulatory adoption and institutional use cases.
• Protocol 23 Upgrade: In addition, the Pi Network Mainnet will welcome the Protocol 23 upgrade in the fourth quarter of 2025 to address scalability and transaction efficiency issues, which are also important fundamentals supporting its long-term growth.

User base expansion: Over 3.36 million new users completed KYC

In addition to advancements in technology and Compliance, the user ecosystem of Pi Network is also steadily developing. After the launch of new system processes, over 3.36 million “Pioneers” have successfully completed comprehensive KYC verification.

This update allows for further review of 4.76 million temporary KYC cases, making these users eligible to complete comprehensive KYC certification. The continued expansion and verification of the user base not only enhances the network's credibility but also provides a solid foundation for large-scale transactions and applications on the Mainnet in the future, further activating the market's bullish sentiment towards Pi Coin.

Conclusion

The Pi Network price has experienced a strong pump due to the combined effects of technical breakthroughs and significant fundamental positive factors. Joining the ISO 20022 standard organization has resolved the long-standing compliance and interoperability issues that plagued the project, paving the way for its connection with traditional financial systems. Additionally, with a large number of newly added KYC certified users, the Pi Network is steadily transitioning from a community project to a large-scale network with institutional-level compliance potential. Investors should pay attention to the key resistance level of $0.3626 to determine the strength and sustainability of this bullish trend.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.