Despite completing all required steps, Pi Network users are still grappling with ongoing migration troubles that leave many stuck in limbo. The project’s native token, PI, remains deeply undervalued, trading nearly 80% below its all-time high.
The Latest Migration Issues
Earlier this week, the Pi News account on X urged users experiencing issues with their PI wallets—marked in yellow—to re-confirm their details and complete two-factor authentication (2FA) to qualify for a second migration attempt. The advisory emphasized, “Validate your checklist and complete anything showing in yellow.”
However, numerous users report that even after following these instructions, their PI balances have not successfully migrated. Some have faced persistent problems since the first migration phase, questioning why the Pi Network team hasn’t resolved initial issues before advancing to the next stage.
Background and Verification Challenges
Launched in 2019, the Pi Network finally debuted its native token and mainnet earlier this year. Despite these milestones, many users continue to struggle with the verification and migration processes. The KYC Grace Period, designed to ensure completion by March 14, risked users losing much of their PI tokens if not fulfilled. Although the deadline wasn’t extended, some Pioneers were allowed to finalize 2FA via trusted email before migrating their tokens to the blockchain.
PI Token Price Outlook
PI’s price remains weak, currently trading around $0.64 and down roughly 78% from its February peak of $3. A significant token unlock scheduled over the next 30 days—releasing over 280 million PI—could increase selling pressure, especially around June 11 when 14 million tokens will be unlocked.
Market analysts warn of further declines, pointing to bearish chart patterns that may push the price down to $0.40 if key support levels break. The combination of migration hurdles and a declining token price adds to users’ frustration, prolonging their uncertain status within the Pi ecosystem.
