- Pi Network customers are reporting second migration prompts amid unresolved KYC points.
- 276M PI tokens are set to unlock in June, elevating sell-off issues.
- At present, Pi Coin trades under $0.66 with bearish technical indicators.
The Pi Network is going through renewed rigidity as group frustration grows over a contemporary wave of migration prompts and protracted Know Your Buyer (KYC) points.
These developments have surfaced simply weeks earlier than an enormous PI token unlock, inserting extra stress on the venture’s native token, Pi Coin.
Whereas the community makes an attempt to revive person engagement by means of new initiatives like gaming and decentralised apps, the market has responded with declining confidence, mirrored within the token’s current worth efficiency.
Pi Network customers are getting contemporary migration prompts
Many Pi Network customers have been pissed off by sudden second migration prompts displaying up of their apps.
For some, this has come as a shock, particularly those that believed they’d already accomplished the preliminary migration part.
On the social media platform X, customers, together with Pi Network miners who’ve mined for a while now, have voiced sturdy criticism, accusing the Pi Core Group of poor communication and inconsistent necessities.
This Pi of a factor is nonsense. After mining for years we’re denied entry to our coin and a few Miners are claiming Their mined cash the second time. This unacceptable, the core staff ought to have a rethink on how they handle their so referred to as Pi Group. I am very Dissatisfied!
— Bfrancis (@Bfrancis_12) June 3, 2025
Frustration is especially excessive amongst these caught in unresolved KYC verification states.
These customers declare they’re being requested emigrate their balances once more, regardless of by no means finishing the primary migration as a consequence of verification delays.
Nonetheless I’m stacked pic.twitter.com/xLmH9yaNgC
— Gemechis Demelash (@GemechisDemela2) June 2, 2025
Notably, the state of affairs has induced confusion throughout the group, because the Pi Core Group has not but formally confirmed a second migration part by means of any verified channels.
276 million PI tokens unlock scheduled for June
Including to the mounting issues, a scheduled unlock of 276 million PI tokens in June looms massive in keeping with information from PiScan.
Valued at roughly $176 million, this inflow of provide might doubtlessly flood the market.
With buying and selling volumes presently subdued and investor sentiment fragile, analysts warn that this occasion may result in important downward stress on the Pi Coin worth.
The Pi Core Group’s silence concerning main bullish developments forward of this unlock is additional worsening sentiment.
Traditionally, token unlocks are likely to set off selloffs, particularly in markets missing sturdy elementary catalysts.
With Pi Coin already struggling to take care of important assist ranges, the chance of a steep decline is actual.
Pi Coin technical evaluation
Technically, Pi Coin stays entrenched in a bearish development. It’s presently buying and selling round $0.6481, having fallen roughly 22% over the previous week.
On the 4-hour chart, the token is displaying an inverse cup and deal with sample, a traditional bearish setup.
Furthermore, Pi is presently buying and selling under its 50-day transferring common, reinforcing the adverse outlook.
$PI varieties a textbook inverse cup & deal with on the 4H — a traditional bearish continuation.
Now buying and selling under the 50MA, momentum favors sellers.
Break of $0.5547 = gateway to $0.40 lows.
Pattern is weak. Construction is bearish. Warning warranted.#PiNetwork #Picoin pic.twitter.com/hYi8AdQeBP
— Joe Swanson (@Joe_Swanson057) June 2, 2025
On the 12-hour chart, a descending wedge sample has shaped.
Though such patterns can sign a reversal, on this case, the wedge lacks affirmation as a consequence of inadequate lower-bound checks.
Indicators just like the Cash Movement Index (MFI) and On-Steadiness Quantity (OBV) proceed to replicate declining momentum and protracted promoting stress.
Pi Network worth prediction
At present, Pi’s fundamentals stay weak, with main issues surrounding its lack of main alternate listings, unresolved decentralisation points, and low validator participation.
The Pi Basis reportedly controls over 92 billion tokens throughout greater than 2,000 wallets, additional elevating questions on centralisation.
Within the absence of bullish information and with continued migration confusion, Pi Coin’s short-term outlook stays bleak.
Within the brief time period, charts present that Pi Coin struggles to interrupt previous the $0.66 resistance stage.
In keeping with the tweet from crypto analyst Joe Swanson, if the present assist at $0.5547 fails to carry, analysts imagine the token might drop towards the psychologically important $0.40 vary.
To reverse the development, the community should tackle person issues, resolve KYC points, and ship tangible utility by means of real-world purposes and wider alternate listings.
With out a surge in demand, reclaiming earlier highs seems unlikely within the close to time period.
On an extended horizon, evaluation presents two contrasting situations.
If Pi Network positive aspects widespread adoption for funds, DeFi purposes, and e-commerce, the token might soar to $1.25 by the tip of 2025, as we had beforehand predicted.
Nevertheless, if the venture fails to maneuver past hypothesis and hype, its worth may stay capped under $1.
