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On March 14, 2025, Pi Network enforced a major migration deadline that left millions of users in uncertainty. This was supposed to be a key milestone in Pi’s journey—where users who had completed Know Your Customer (KYC) verification and met all requirements could finally migrate their Pi to the Mainnet. However, the reality has been far from smooth. Instead of a well-executed transition, many users now feel betrayed by the Pi Core Team's silence and broken promises.

Unverified Balances Still Not Fixed
One of the biggest issues users face post-migration is their unverified balances. Even for those who successfully completed KYC and followed all the steps, a large portion of their mined Pi remains locked as "unverified."

The Pi Core Team has not provided any explanation as to why this issue persists. Users who spent years mining Pi, following all guidelines, now see their balances frozen with no clear solution in sight. Many Pioneers assumed that after KYC verification, their entire balance would be available for use, but that has not been the case.

Despite repeated questions from the community, the Pi Core Team has given no timeline or deadline for when these balances will be fixed. The lack of communication has only fueled speculation that Pi Network is not delivering on its promises.

No Rewards for Validators Who Built the Community
Another major controversy is the treatment of Pi Validators—the users who helped verify others during the KYC process. Validators played a crucial role in building the community, helping millions of users get verified so they could migrate to Mainnet. However, despite their hard work, they have not been rewarded as promised.

Pi Validators were supposed to earn Pi for each successful verification, but now many are questioning whether their efforts were wasted. The Core Team has not given a clear answer on when or if these rewards will be distributed. This has led to frustration and a growing belief that the network used its community for free labor without delivering on its commitments.

6 Years of Promises, No Second Migration, and No Clear Future
Pi Network has been in development for over six years, and throughout this time, the Core Team has made countless promises about the future of Pi.
They promised Mainnet migration would be fair. But now, many users are left with locked Pi and no explanation.They promised KYC would be smooth. But instead, many accounts remain stuck in limbo.They promised rewards for Validators. But so far, they have not delivered.They said unverified balances would be fixed. But there is no deadline, no update, and complete silence from the Core Team.

Users who have been loyal to the project for six years are now wondering if Pi Network is even real. If people don’t receive the Pi they mined, was it all for nothing? The lack of a second migration deadline has further cemented the belief that Pi is not living up to expectations.

Pi Core Team’s Silence: Treating Their Own Community as Fools?
The most frustrating part for the community is the total silence from the Pi Core Team. Instead of addressing users' concerns, they seem to be ignoring the issues altogether. There has been no communication about when unverified balances will be fixed, when Validators will be rewarded, or when the second migration will happen.

Many Pioneers now believe that the Core Team is treating the entire community like fools—giving vague promises while avoiding real answers. If Pi Network wants to maintain trust, it must break the silence and give real solutions, not just words.

Final Thoughts: Is Pi Network Just a Dream?
Pi Network started with a vision of a fair and decentralized cryptocurrency, but recent events have left millions of users frustrated and disappointed. The March 14 migration has destroyed trust among the Pi community, and unless the Core Team provides clear answers, more users will lose faith in the project.

For now, all eyes are on the Pi Core Team—will they finally step up and fix these issues, or will Pi Network remain an unfulfilled promise?

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The Pi Network community finally witnessed the much-anticipated launch of the project’s Open Mainnet and native Pi token (PI) on February 20, 2025, following years of rigorous development. The event marked a major milestone in the crypto ecosystem, but the Pi token’s performance has been volatile since its debut.
Pi Token Volatility: From All-Time Highs to Sudden Slumps
Initially, Pi token displayed high trading activity and volatility. It surged to an all-time high of $3, only to drop sharply to $0.70 within a few days. Although the token showed promise in its early days, PI price has since declined by over 30% on the weekly chart, placing it at the 26th spot by market capitalization, a steep fall from its once-near-top-10 status.
Why Is Pi Network Falling?
A recent analysis by a Vietnam-based Pi Network channel pointed out a potential reason for the current Pi price crash—the mass unlocking of PI tokens during the project's first month post-launch. Initially, the total PI supply was 7.2 billion tokens, but it has now dropped to 6.7 billion.
Interestingly, only 1.7 billion PI tokens are currently in circulation. This limited supply is largely due to a high number of unverified users on the platform who have not yet completed the Pi Network KYC process. As a result, approximately 5 billion PI tokens remain locked, restricting market liquidity.
The team further explained that the daily unlocking rate is set to reduce significantly—from 13 million PI/day to just 3.8 million PI/day next month. This sharp decline in the token unlock rate could trigger a Pi price rebound if market demand holds steady or increases.
Pi Network Price Prediction: Bullish Patterns Emerging?
A well-known crypto analyst on X (formerly Twitter) recently commented on the PI/USDT chart, highlighting that the token is trading within a falling channel. While PI has repeatedly faced resistance at the upper trendline, it has also found strong support at the lower levels.
According to the analyst, a bullish breakout from this descending channel—combined with strong momentum—could potentially reverse the current downtrend. Moreover, a previous resistance level has now turned into support, reinforcing bullish sentiment in the Pi Network community.
Could Pi Token Surge Back to $2?
If the unlocking rate continues to decrease and demand for Pi tokens strengthens, analysts believe the PI token could see a significant recovery. Some predictions suggest a return to the $2 mark is possible in the coming weeks, especially if technical indicators align with favorable market conditions.
Final Thoughts: Is Pi Network Still a Worthwhile Investment?
Despite the recent price slump, Pi Network's fundamentals remain strong. The reduction in token unlocks, positive technical analysis, and potential strategic partnerships indicate that the project is still on a growth trajectory. As more users complete KYC and adoption increases, the Pi token price could recover and even surpass its early highs.
Investors should keep a close eye on Pi Network updates, especially regarding tokenomics, circulating supply, and upcoming partnerships, which may play a crucial role in shaping PI’s future market performance.
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