Pi Network Issues Key Clarifications, But PI Price Keeps Falling

The PI token dipped beneath $0.17 earlier in the present day to a multi-week low.

Amid ongoing on-line criticism of a few of its options, the Core Staff behind the controversial venture has issued a extra complete guideline on what customers have to do to make sure they efficiently take part within the second migrations.

In the meantime, the venture’s native token continues to bleed, dropping by over 8% prior to now week alone.

Second Migrations to Do Record

Within the extremely anticipated Pi Day (March 14) celebratory publish, the staff praised the ecosystem developments prior to now few years, but additionally outlined among the new key options for customers. One in every of them appeared significantly interesting, second migrations, as its sole function is to permit customers emigrate their tokens to Mainnet – one thing the group 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. Actually, a lot of the feedback beneath the Core Staff’s posts on X are from folks claiming that they’ve been ready for months and even years for his or her tokens to be migrated, solely to be caught in among the KYC pages.

Maybe that’s why the staff revealed new pointers, informing that Pioneers “should arrange Pi Pockets two-factor authentication (2FA) by 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 finish first or second migrations, Pioneers should arrange Pi Pockets two-factor authentication (2FA) by Step 3 of the Mainnet Guidelines.

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 Community (@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. As soon as PI went stay for buying and selling, the bears stepped up, and this basic sell-the-news occasion drove the asset south to underneath $0.20 inside a few days.

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It has been principally 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 almost 4% within the final 24 hours. It dipped to $0.167 earlier, and regardless that 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. Furthermore, a number of days will see the unlocking of 18 million or extra tokens, which might intensify the fast promoting stress.