Pi Network Upgrades Security Following Price Dip

The price of Pi Coin has taken a significant hit this week, dropping by over 22% and hitting its lowest point since February when the mainnet launched. The current price is below $0.080 for the first time in months, raising concerns among holders. However, Pi Network is taking action to address security issues. The network has released a major security update, shifting away from phone number-based account verification and adopting email-based two-factor authentication (2FA). This change aims to enhance security and reliability by addressing the challenges posed by SMS-based verification in a global community setting.