Setting up a secure Pi Wallet with a 24-word seed phrase is essential for managing your coins. The selling process involves using centralized exchanges (CEXs) or peer-to-peer (P2P) platforms that often require KYC verification. Despite claims of over 60 million users, blockchain data shows only 9.11 million wallets and limited active participation. Concerns including inflation and privacy issues linked to KYC processes overshadow its proposed goals. Pi Coin peaked at $2.98 in February 2024 but has since plummeted to $0.62 by April 2025, indicating rising skepticism surrounding its future.
KYC is often required on both CEXs and P2P platforms to transfer and sell Pi Coins. Always do your own research (DYOR) before selling or holding, as expert opinions on Pi's future vary.
Pi Coin reached an all-time high of about $2.98 in late February 2024 when early trading started appearing on selected exchanges. Since then, it's been almost a straight downward slide.
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