• 7M users have migrated to Pi mainnet, boosting market confidence.
• PI Network price is nearing a $0.30 breakout amid tight exchange supply and strong demand.
• ISO 20022 integration could link Pi to SWIFT and global banking systems.

The Pi Network price has staged a strong rebound, with the PI coin surging above key resistance levels amid renewed market optimism.

This rally comes on the heels of a major mainnet migration involving 2.7 million users and growing anticipation ahead of the network’s ISO 20022 financial integration scheduled for November 22, 2025.

Bulls regain control as Pi Network adoption surges

Pi Network’s market momentum has accelerated in recent days, with the token’s price climbing more than 25% in 24 hours and over 30% over the week.

The price currently hovers near the $0.28 mark, just shy of the psychological $0.30 breakout target eyed by bullish traders.

The price surge follows the completion of mass Know Your Customer (KYC) verification that enabled 2.69 million “Pioneers” to migrate their tokens to the mainnet.

Welcome to the Mainnet! A massive 2.69 million Pioneers have migrated their Pi in the last week alone after a huge KYC verification wave. The ecosystem is expanding rapidly as we approach the Nov 22 ISO 20022 integration. The future of finance is being built now#PiNetwork pic.twitter.com/zU1Myw7oGJ

— PiNetwork DEX阿龙 (@fen_leng) October 27, 2025

The migration marks one of the largest transitions in Pi’s history and signals growing confidence in the network’s long-term viability.

This migration has triggered a surge in market demand, particularly as millions of tokens were moved into circulation while exchange supplies tightened.

According to PiScan data, centralised exchanges (CEXs) recorded an inflow of more than 2.422 million PI tokens in the past 24 hours, but this was offset by strong accumulation activity.

In October alone, over eight million tokens exited exchanges, reducing available supply by roughly 2.4%.

This supply squeeze has been a key catalyst in Pi’s latest rally, easing sell pressure and fueling upward momentum.

Technical setup supports Pi Network price recovery

Technically, the Pi Network price is displaying a clear attempt to break out of a bullish pattern.

The token recently exceeded the 50-day Exponential Moving Average (EMA) at $0.2627, a level that previously acted as a strong resistance zone.

A sustained movement above $0.28 could be a confirmation of a breakout that could target $0.36 in the short term.

Momentum indicators, however, paint a mixed picture, with the Relative Strength Index (RSI) currently sitting above 58, suggesting the asset is approaching overbought territory.

At the same time, the Money Flow Index (MFI) hints at slowing inflows, creating the possibility of short-term consolidation before another push higher.

A failure to reclaim $0.28 could trigger a pullback toward $0.20, where strong support has held since mid-October.

Despite potential volatility, market sentiment remains upbeat.

The network’s strong fundamentals and reduced exchange supply continue to draw traders and long-term holders.

Pi’s recovery from its October low of $0.172 to recent highs around $0.29 underscores the renewed optimism surrounding the project.

ISO 20022 integration boosts real-world confidence

Beyond market charts, Pi Network’s ecosystem continues to mature rapidly.

The project’s upcoming ISO 20022 integration, aligned with the global financial messaging standard, is seen as a gateway to real-world adoption.

The move will allow Pi to connect more efficiently with banking systems, potentially enabling SWIFT compatibility for faster and cheaper cross-border transactions.

Built on the Stellar Consensus Protocol (SCP), Pi Network’s blockchain prioritises scalability, security, and energy efficiency.

This technical framework supports regulatory compliance while minimising environmental impact, positioning Pi alongside ISO 20022-compliant assets like XRP and XLM.

Community confidence has also strengthened as Pi’s automated KYC system verified over 3.36 million users, resolving one of the project’s major bottlenecks.

The growing mainnet base now stands at 2.69 million active users, reflecting sustained ecosystem expansion ahead of the November 22 milestone.

Outlook: Can Pi coin sustain its momentum?

The Pi Network price rebound reflects both technical recovery and growing ecosystem confidence.

While short-term traders eye the $0.30 resistance for signs of continuation, long-term observers point to Pi’s steady progress toward financial standardisation and global interoperability.

As the project approaches its ISO 20022 rollout, Pi Network is steadily bridging the gap between blockchain and traditional finance.

But whether the current bullish run holds or pauses for consolidation, the network’s growing user base, tighter token supply, and upcoming integrations suggest that the Pi Network price may be entering a defining phase in its evolution toward real-world adoption.

• A Venus network user suffered massive losses after authorizing a malicious transaction.
• The perpetrator took seconds to drain vUSDT, BTCB, vETH, vXRP, and vUSDC.
• The native token plunged sharply after the news.

While the crypto market displayed stability on Tuesday, XVS painted its daily chart red after news surfaced that a Venus Protocol user had encountered a sophisticated phishing scam, resulting in the loss of digital assets worth a whopping $27 million.

What attracted attention is how the incident unfolded.

It was not a weakness in Venus Protocol. The attacker gained complete access to the victim’s assets after a simple mistake.

According to an on-chain investigator, PeckShield:

The victim approved a malicious transaction, granting token approval to the attacker’s address (0x7fd8…202a) for asset transfer.

#PeckShieldAlert A user of @VenusProtocol has been drained ~$27M in crypto after falling for a #phishing scam.
The victim approved a malicious transaction, granting token approval to the attacker’s address (0x7fd8…202a) for asset transfer. pic.twitter.com/NwkVlDxxOZ

— PeckShieldAlert (@PeckShieldAlert) September 2, 2025

The perpetrator’s burner wallet instantly drained the assets after the user approved access.

It took seconds to lose a fortune, likely accumulated in years.

Such incidents underscore the brutal reality in the DeFi world, where a simple mistake can translate to disastrous losses.

The numbers reveal how devastating the attack was:

• $19.8M in vUSDT
• $7.15M worth of vUSDC
• $146K in vXRP
• $22K in vETH
• $285 Bitcoin on BNB Chain (BTCB)

The victim lost what most people would consider generational wealth, especially in the crypto industry.

What’s worse is that the hack didn’t happen due to weaknesses in Venus Protocol.

The attacker leveraged the user’s innocence and deception to orchestrate the scam.

Venus Protocol remains secure

One thing that the community would like to know is whether the perpetrator breached the Venus Protocol.

NO. The BNB Chain-based lending and borrowing protocol remained secure and fully operational.

The $27 million loss didn’t stem from a coding flaw, systematic exploit, or bugs in smart contracts.

It is part of the rising trend of social engineering frauds, where attackers trick users into authorizing token approvals.

In June, a New York scammer used social engineering to steal assets worth over $4 million from a Coinbase user.

Another similar incident had a victim losing over $240 million in August last year.

The weak point has nothing to do with the protocol, but the user who’s controlling the wallet.

Thus, the Venus Protocol remained operational after one of its users suffered a devastating loss.

Doesn’t that add to the victim’s frustration?

Risks linked to DeFi’s freedom

Decentralized finance thrived on permissionless technology.

However, that freedom carries significant dangers.

Token approvals ensure streamlined interactions between digital assets and decentralized applications (dApps).

Nevertheless, giving wallets unlimited approvals limits user control.

The powers turn deadly if the wallet belongs to a fraudster.

That’s what the Venus Protocol victim met – a simple approval turned out to be a complete disaster.

Furthermore, DeFi doesn’t have a refund button or helpline.

Mistakes are final in this industry, and the $27 million is likely gone forever.

XVS price outlook

Venus Protocol’s native token turned bearish amidst the scam developments.

It has lost more than 6% on its daily chart after a sharp dip.

XVS trades at $5.99 with an overwhelming selling pressure.

The 400% surge in 24-hour trading volume signals heightened activity, potentially from holders exiting positions to avoid further losses.

Bears dominate XVS’s price charts, hinting at more declines before the altcoin secures footing.

Australia’s pension fund AMP has become the first major superannuation fund to buy into crypto by purchasing Bitcoin worth $27 million. The asset class previously barred for high volatility by big fund managers has now ignited FOMO as BTC price surpassed the $100K milestone after Donald Trump’s win in the U.S. presidential election.

Pension Giant AMP Invests $27 Million in Bitcoin

$57 billion AMP becomes Australia’s first major pension fund to buy Bitcoin, reported Australian Financial Review on December 12. They are the first in the $4 trillion retirement savings industry to invest in the crypto asset class.

Other big pension funds claimed they would not be following AMP’s lead into the cryptocurrency market. Earlier, Reserve Bank Governor Michele Bullock criticized ideas to invest in crypto assets, saying it does not belong in retirement portfolios.

AMP chief investment officer Anna Shelley said $27 million – or 0.05 percent of its $57 billion in funds under management – of BTC was purchased in May. BTC price was trading in the $60,000-$70,000 range. The investment was part of a diversification strategy after AMP’s dynamic asset allocation process backed Bitcoin based on its “momentum and sentiment.”

Bitcoin Rally to $100K Driving Mainstream Adoption

Matthew Sigel, head of digital assets research at VanEck, said those with assets in AMP’s balanced and growth investment options were the most likely to be exposed to Bitcoin at a customer level.

Pension funds across the globe eyes investing in Bitcoin, especially after the U.S. SEC approved spot Bitcoin ETF earlier this year. Recently, UK pension fund giant Cartwright joined the league and allocated around 3% to Bitcoin as a direct investment.

Hedge funds have jumped to buy Bitcoin and pension funds are in discussions with clients to invest in BTC. However, it is delayed because of the long due diligence process of pension funds.

BTC price currently trades at $100,837, up nearly 20% in a month. Bitcoin hit a high of $104K amid the Trump trade and transition to pro-crypto administration in the United States.

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Varinder Singh

Varinder has over 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently leading the news team to cover latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.