Pi Network Security Got Stronger: How 2FA Will Protect Your Assets from Hackers!

The Pi Network recently introduced a mandatory two-factor authentication (2FA) system for user security. In addition to the 2FA system, Pi Network launched the “Pi return” feature to further enhance wallet security. These efforts highlight Pi’s focus on ensuring a secure digital economic environment for transactions for users and pioneers. Additionally, despite recent drops in Pi’s market value and its falling market cap, signs point to a possible price surge. 

New 2FA Requirement: What Pioneers Need to Know

The Pi Network official X account has made an announcement regarding their implementation of two-factor authentication for enhanced wallet security. This 2FA system is mandatory for transferring tokens to the mainnet. The Pi team has added this system to increase the Pi Network security and the security of its wallets. Now, pioneers should complete the 2FA process before they can deposit their migrated PI. For PI owners who have transferred their tokens recently, however, remain in the 14-period, completing 2FA is also necessary.

Returning Lost Pi Tokens: Pi Return Enhance Security

Pi tokens belonging to the Pioneers who could not complete the two-factor authentication will be returned to their mining account. In such cases, users are permitted to try to complete the process again. If they succeed, their coins will be transferred to their mainnet account without any losses. Other implemented features, like the Pi return, are meant to guarantee Pi Network security for users. The anonymity of Blockchain technology’s nature and the noncustodial characteristic of PI wallets highlight the importance of such measures. 

Pi Core Team also stressed the importance of protecting the wallet’s rightful owner in their statement. “2FA and the Pi “return” features are meant to ensure, as much as possible, the security of Pioneers’ Pi and accounts. Due to the nature of blockchain where transactions are immutable, and the Pi Wallet is noncustodial, these features provide extra caution and make sure that Pi is sent to the rightful Wallet owner”.

Can Pi Bounce Back? Recent Decline and Future Potential

Based on the Coinmarketcap’s data, the coin’s price action has been in the red lately. Pi now trades at $1.14 and has recorded a 22.92% weekly and 8.55% daily drop in value. Moreover, PI’s market capitalisation has decreased to almost $7.79 billion, while it was above $8 billion yesterday. As such, the coin has gone from being the 7th largest crypto to now reaching the 17th place. However, some technical indicators show that a Pi price breakout is possible.

Chart 1 – Provided by Tradingview, published on CoinGape, March 19, 2025.

Although the currency market conditions are bearish based on the market data, PI could start a bullish trend soon. Chart 1 highlights such a scenario where a symmetrical triangle pattern is taking shape, which signals an upcoming Pi price breakout. Based on this, we can predict a breakout where as soon as the 1.2 resistance is broken PI surges. In the short-term this surge can place PI in the 1.25 to 1.30 level. However, in the long term, if the bulls take control, this can lead to much more significant gains.

Reviving Market Confidence: Pi Network’s Path Forward

Given the current market conditions, Pi Network should also explore additional strategies to regain market confidence. Strengthening partnerships with other blockchain platforms or exploring new use cases for the PI token could bring renewed interest and liquidity. Additionally, Pi could enhance its utility by promoting decentralised applications (dApps) that would increase demand for the token. As such, the team can potentially stabilise or boost its price as the market conditions evolve.