Pi Network Issues Key Clarifications, But PI Price Keeps Falling
Amid ongoing on-line criticism of a few of its options, the Core Team behind the controversial mission has issued a extra complete guideline on what customers have to do to make sure they efficiently take part within the second migrations.
Meanwhile, the mission’s native token continues to bleed, dropping by over 8% previously week alone.
Second Migrations to Do List
In the extremely anticipated Pi Day (March 14) celebratory publish, the group praised the ecosystem developments previously few years, but additionally outlined a number of the new key options for customers. One of them appeared significantly interesting, second migrations, as its sole function is to permit customers emigrate their tokens to Mainnet – one thing the neighborhood has been begging for years.
Since then, the variety of customers who reportedly completed second migrations has grown to over 119,000 (as of the top of March), however many proceed to be sad in regards to the course of. In reality, a lot of the feedback beneath the Core Team’s posts on X are from individuals claiming that they’ve been ready for months and even years for his or her tokens to be migrated, solely to be caught in a number of the KYC pages.
Perhaps that’s why the group revealed new tips, informing that Pioneers “should arrange Pi Wallet two-factor authentication (2FA) by way of Step 3 of the Mainnet guidelines” to finish first or second migrations. This step is required to “additional strengthen the account and pockets safety” earlier than the precise tokens are transferred.
To full first or second migrations, Pioneers should arrange Pi Wallet two-factor authentication (2FA) by way of Step 3 of the Mainnet Checklist.
This step is required to additional strengthen account and pockets safety earlier than actual Pi is transferred, an irreversible and immutable… pic.twitter.com/1Q9Zk2vPzU
— Pi Network (@PiCoreTeam) April 2, 2026
PI Continues to Slide
The protocol’s native token peaked in mid-March at roughly $0.30 after Kraken announced its upcoming itemizing. Once PI went dwell for buying and selling, the bears stepped up, and this basic sell-the-news occasion drove the asset south to below $0.20 inside a few days.
It has been largely sideways struggles since then, and the previous week and day haven’t been significantly variety. PI is down by over 8% weekly, and has dropped by practically 4% within the final 24 hours. It dipped to $0.167 earlier, and though it has rebounded barely, it nonetheless struggles to reclaim the $0.17 stage.
There are some warning indicators on the token unlock schedule, as the typical variety of cash to be launched within the subsequent month is 8 million. Moreover, just a few days will see the unlocking of 18 million or extra tokens, which might intensify the rapid promoting stress.
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