Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Crypto News

Pi Network Bombshell: Users Furious With Endless Migration, Can the Pi Price Hold?

by
June 3, 2025
in Crypto News
0
Pi Network Bombshell: Users Furious With Endless Migration, Can the Pi Price Hold?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Tensions are rising within the Pi Network community as users report new migration requirements suddenly appearing in their apps, sparking anger and confusion just weeks ahead of a major token unlock.

Key Takeaways:

Pi Network users are frustrated over second migration prompts and unresolved KYC issues. A massive 276 million PI token unlock in June could add significant selling pressure to the market. Pi Coin remains under bearish pressure, with $0.64 support at risk and lower levels possible if sentiment worsens.

On X, many Pi Network users shared screenshots of their app’s updated checklist. Even those who had already completed their initial migration were surprised to see new prompts for action.

“This Pi of a thing is nonsense. After mining for years we are denied access to our coin… The core team should rethink how they manage their so-called Pi Community,” user @bfrancis_12 wrote on X.

This Pi of a thing is nonsense. After mining for years we are denied access to our coin and some Miners are claiming Their mined coins the second time. This unacceptable, the core team should have a rethink on how they manage their so called Pi Community. I’m very Disappointed!

— Bfrancis (@Bfrancis_12) June 3, 2025

Pi Network Users Complain About Second Migration

Some users have complained that the second migration comes as they remain trapped in unresolved KYC states, unable to migrate their balances despite following all prior steps.

“I am not yet migrated why are you rushing for 2nd migration?” one X user wrote, while others complained about pending KYC.

Still I am stacked pic.twitter.com/xLmH9yaNgC

— Gemechis Demelash (@GemechisDemela2) June 2, 2025

A popular parody account of Pi Network founder Dr. Nicolas Kokkalis fueled speculation with a viral post declaring, “PI NETWORK 2ND MIGRATION HAS BEGUN!”

The message, which quickly gained traction, urged users to prepare for Mainnet by completing several steps: submitting KYC verification, finalizing their checklist (including wallet and lockup settings), and approving Pi transfers for Mainnet.

The post claimed that completing these steps would enable users to unlock real-world utility for their Pi coins, including purchasing goods and services, accessing Pi-powered decentralized apps (dApps), and participating in broader Web3 innovation.

However, the Pi Core Team has yet to confirm any new migration phase through verified channels.

All this comes as Pi Network prepares to unlock 276 million PI tokens in June, a supply event valued at roughly $176 million, according to data from PiScan.

With trading volumes low and sentiment fragile, this unlock could severely test market resilience.

Pi Coin Remains Under Pressure as Bears Dominate

Pi Coin continues to trade under pressure, hovering around the $0.64 mark.

The 30-minute chart shows a prolonged downtrend from the May 12 highs, with price consolidating near the lower Bollinger Band at $0.6410. RSI (14) at 40.27 signals weak buying momentum, while MACD remains flat, indicating indecision.

Zooming into the 5-minute chart, Pi faces a similar picture. RSI has dropped to 29.00, oversold territory, suggesting that short-term sellers are dominating.

MACD is also trending negative, with no bullish divergence in sight. The lack of volume spikes further confirms fading interest.

On the 1-minute chart, Pi tested intraday lows of $0.6405, while RSI briefly dipped to 30.90 before a slight bounce. However, lower highs and lower lows persist, keeping the near-term bias bearish.

With the massive 276 million PI token unlock looming this month, downside risks remain elevated.

If $0.64 breaks decisively, the next support lies at $0.60, followed by the psychological $0.40 level. To flip the narrative, bulls would need to reclaim the $0.65-$0.66 zone with strong volume.

The post Pi Network Bombshell: Users Furious With Endless Migration, Can the Pi Price Hold? appeared first on Cryptonews.

Previous Post

CZ Proposes Dark Pool Perp DEX to Tackle Market Manipulation Risks

Next Post

Byron Allen puts broadcast TV stations up for sale

Next Post
Byron Allen puts broadcast TV stations up for sale

Byron Allen puts broadcast TV stations up for sale

  • Trending
  • Comments
  • Latest
Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

Pepe Price Climbs 43% With Only 21 Days Left to Buy MIND of Pepe Cheap, Nearly $9m Raised 

May 9, 2025
Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

Bitcoin Price Prediction: At $103,688 BTC Shows Unstoppable Weekly Growth of 7.6% – Could We See a New All-Time High Before June?

May 10, 2025
Murchison South Increases to 67koz Gold Across Two Pits

Murchison South Increases to 67koz Gold Across Two Pits

May 13, 2025
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

May 8, 2025
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

June 5, 2025
Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

June 5, 2025
SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

June 5, 2025
Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

June 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    Earn Bitcoin Without Hardware: Why HashFly Leads the Cloud Mining Space

    June 5, 2025
    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    Bitcoin Miner BitMine Raises $18M to Buy Bitcoin, Stock Lists on NYSE American

    June 5, 2025
    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    SEC Scores $1.1M Court Victory After Crypto Scam Defendant Fails to Respond

    June 5, 2025
    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

    June 5, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved