• Pi network announced Grace Period extension to Feb 28, making the community impatient. 
  • Pi token price surged by over 2% today amidst extreme price fluctuations. 

Pi network is one of those widely adopted crypto projects with its simple mining process through mobile application. However, its community is growing impatient as the project extends its Grace Period deadline. Meanwhile, the Pi token is facing extreme price fluctuations from the past month. 

Pi Network Price Fluctuates as Community Questions Grace Period Extension image 0 Pi Token Price (Source: CoinMarketCap )

The native Pi token is currently trading at around $44, with around $3 billion market cap. It witnessed daily, weekly, and monthly price changes of +2%, -4%, and -10% respectively. The token is facing extreme price volatility, particularly in the last 24 hours, with a 24-hour high of $49.78 and 24-hour low of $43.6. 

Pi Network Extends Grace Period Deadline to Feb 28

The Pi community long-awaited for the completion of Pi Network Grace Period. However, the project announced its extension to Feb 28, 2025 recently. This caused speculation across social channels as the community grew impatient over the extension. 

Pi Network clarified that the Grace Period extension is to allow more Pioneers to complete their KYC and migration to mainnet. They are giving an additional month to more Pi holders to complete the Mainnet checklist. Thus, all the community members who mined Pi tokens need to complete KYC to avoid the risk of losing their tokens. 

The project also mentioned that the Grace Period Rules remain unchanged. And, this extension doesn’t affect its mainnet Open Network launch in Q1 2025. The earlier deadline for Grace period was Jan 31, 2025, which is why the community was expecting it to complete today. 

Amidst the increasing discussions around the extension announcement, the Pi token price is swinging wildly. However, a notable raise of 50% in its 24-hour trading volume is showing positive signs for the future price movement. 

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