Pi Network has implemented a significant security update, transitioning from phone number verification to email-based two-factor authentication (2FA). This change addresses user concerns about reliability and scalability of the previous SMS system. The Pi team explains that global reach contributed to challenges with SMS communications, as geographic limitations in telecommunication regulations, carrier policies, individual service subscriptions, and costs created inconsistencies. The new system relies on trusted emails for verification. While initially requiring users to enter a trusted email address for the first time, the project is working diligently to ensure the integrity of these processes, aiming for increased security and user account protection. Following initial challenges with liveness checks and SMS verifications, the migration process has resumed and will gradually expand. Meanwhile, the native token PI continues its downward trend, losing 4% in the past 24 hours, dropping to $0.77 on CoinGecko. This decline coincides with a 23% weekly drop and over 65% month-on-month decrease, pushing PI further down the market rankings, currently in the 30th position. Despite this bearish trend, the Pi community remains optimistic about potential price recovery based on predictions and ongoing updates.