Users who are having trouble moving their Pi Coins (PI) to the Mainnet by the date of March 14, 2025 are angry at the Pi Network. A lot of users, called Pioneers, are upset that they can’t finish Know Your Customer (KYC) verification and move their balances because of technical problems.
Pi Network Migration Deadline
The Pi Network team has set March 14 at 8:00 AM UTC as the last day to move. Users who don’t finish Know Your Customer (KYC) identification by this time may lose most of their Pi holdings, except for coins that were mined in the last six months. While a grace time was added, many users are still having problems, such as balances that haven’t been verified even though they’ve completed KYC.
The KYC and Mainnet migration deadlines for the Grace Period have been extended one last time to 8:00am UTC on March 14, 2025, allowing additional time and opportunity after Open Network for real Pioneers to verify their balances and migrate to the Mainnet.
Learn more:… pic.twitter.com/lD2jsDN8Wd
— Pi Network (@PiCoreTeam) February 28, 2025
Crypto experts and people who back the Pi want an extra week until all of the technical issues are fixed. Some users have sent in help tickets, but they say the Pi Network team hasn’t replied. People are upset about the project’s lack of contact. They say it is not responsive and question its credibility.
Pi Coin Price Drops Amid Market Uncertainty
The continued migration problems have made the price of Pi Coin go down. PI has dropped 16.3% in the last week and is now worth $1.38. Prices have dropped 2.34 percent in the last 24 hours, and buying has dropped 24.08 percent to $64.62 million.
Another sign of a downward trend was that the coin broke below important support at $1.43. Analysts say that Pi Coin could try support at $1.20 or even $0.99 if the drop keeps going. It needs to get back $1.74 in order to get going again.
Binance Listing Still Uncertain
A entry for Pi Coin has not been confirmed by Binance, despite rumors and community demand. In a recent vote by the Pi community, 86% of those who took part backed selling on Binance. However, the exchange has not said anything. Users who are angry at Binance and Bybit have given them a lot of one-star reviews, saying that they are ignoring what the community wants.
To make things even less certain, Bybit’s CEO has called Pi Network a scam in the past, which makes investors even less confident. There are a lot of users who are worried that Pi Coin’s market potential will stay low if it doesn’t hit Binance.
Millions of Accounts Still Locked
Most of the more than 11.5 million accounts on Pi Network are still restricted. Approximately 62.6% of accounts are locked for a period of three years, which prevents trading of the coins until the conclusion of the time. Nearly 1.6 million accounts are locked for a year, compared to just 1.1 million for six months.
Users Selling Pi Accounts Illegally
A number of users are attempting to sell their Pi Network accounts due to lengthy lock-up periods and migration issues. Users who want to sell their Pi holdings rush social media platforms, which frequently grant access to their wallets via passphrases. Selling Pi accounts, however, is prohibited by the platform’s policies and carries significant risks. Scams are growing more prevalent, and buyers may lose access to their money.
Also Read:
- Pi Network Binance Listing: Speculation Grows as Community Awaits Confirmation
- Crypto Pi Network Gears Up for Mainnet Launch: What Investors Should Know
What is Pi Network Migration?
The process of moving Pi Coins from the test environment (Testnet) to the official blockchain (Mainnet) is known as Pi Network migration. Pi owners can now utilize their tokens outside of the Pi app thanks to this step. Users must undergo KYC verification to verify their identity before they can migrate. Unverified tokens could be lost if this isn’t done.
Users can freely transact Pi on the open mainnet after the move is finished, which would enable integration with third-party apps and cryptocurrency exchanges. Pi’s long-term market presence and adoption depend on this step.
Future Outlook
Pi Network needs to resolve persistent technical challenges in order to keep users’ trust as the migration deadline draws near. Investors’ worries have been exacerbated by the price decline and the uncertainty around a Binance listing. Users are urging an extension as the March 14 deadline draws closer, but it’s still uncertain whether the Pi Network team will react.
To prevent losing their Pi holdings, users must currently finish KYC verification and move their tokens to the Mainnet prior to the deadline.
(Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to consult financial experts before making investment decisions.)
