Tensions are rising within the Pi Network community as users report new transfer requests suddenly appearing in their apps, causing anger and confusion just weeks before a major token unlock.
On X, many Pi Network users shared screenshots of the app's updated checklist. Even those who have completed the initial migration are surprised to see the new action prompt.
"This Pi thing is truly meaningless. After many years of mining, we are denied access to our own currency... The core team should reconsider how they manage their so-called Pi Community," user @bfrancis_12 wrote on X.
Pi Network Users Complain About the Second Transfer
Some users complained that the second move occurred while they were still stuck in an unresolved KYC status, unable to move their balance despite having followed all previous steps.
"I haven't moved yet, why are you in a hurry to move a second time?" a user wrote, while others complained about the pending KYC.
A popular parody account about the founder of Pi Network, Dr. Nicolas Kokkalis, has sparked speculation with a viral post claiming, "THE PI NETWORK MOVEMENT 2 HAS BEGUN!"
This message quickly grabs attention, urging users to prepare for the Mainnet by completing a few steps: submitting KYC verification, completing the checklist ( which includes setting up the wallet and key ), and approving the transfer of Pi to the Mainnet.
The post asserts that completing these steps will allow users to unlock real utility for their Pi coins, including purchasing goods and services, accessing decentralized applications (dApp) powered by Pi, and engaging in the broader Web3 innovation.
However, the Pi Core Team has not yet confirmed any new migration phases through verified channels.
All of this is happening as Pi Network prepares to unlock 276 million PI tokens in June, an event that provides a value of approximately 176 million dollars, according to data from PiScan.
With low trading volume and fragile sentiment, this opening move could seriously challenge the market's resilience.
Pi Coin Still Faces Pressure as Bears Dominate
Pi Coin continues to trade under pressure, fluctuating around the level of 0.64 dollars.
The 30-minute chart shows an extended downtrend from the May 12 high, with the price consolidating near the lower Bollinger Bands at $0.6410. The RSI (14) at 40.27 signaling weak buying momentum, while the MACD remains sideways, indicating hesitation.
Zooming in on the 5-minute chart, Pi is facing a similar picture. The RSI has dropped to 29.00, indicating an oversold area, showing that short-term sellers are dominating.
The MACD is also showing a negative trend, with no bullish divergence in sight. The lack of sudden spikes in volume further confirms the declining interest.
On the 1-minute chart, Pi tested the intraday low of $0.6405, while the RSI dropped to 30.90 before rising slightly. However, lower highs and lower lows continue, maintaining a short-term downtrend.
With the unlocking of 276 million PI tokens set to occur this month, the risk of price decline remains high.
If $0.64 breaks decisively, the next support level is at $0.60, followed by the psychological level of $0.40. To reverse the story, the bulls will need to reclaim the $0.65-$0.66 range with large volume.
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Pi Network Blockbuster: Users Furious Over Constant Migration, Will Pi Price Hold Steady?
Tensions are rising within the Pi Network community as users report new transfer requests suddenly appearing in their apps, causing anger and confusion just weeks before a major token unlock. On X, many Pi Network users shared screenshots of the app's updated checklist. Even those who have completed the initial migration are surprised to see the new action prompt. "This Pi thing is truly meaningless. After many years of mining, we are denied access to our own currency... The core team should reconsider how they manage their so-called Pi Community," user @bfrancis_12 wrote on X.
Pi Network Users Complain About the Second Transfer Some users complained that the second move occurred while they were still stuck in an unresolved KYC status, unable to move their balance despite having followed all previous steps. "I haven't moved yet, why are you in a hurry to move a second time?" a user wrote, while others complained about the pending KYC.
A popular parody account about the founder of Pi Network, Dr. Nicolas Kokkalis, has sparked speculation with a viral post claiming, "THE PI NETWORK MOVEMENT 2 HAS BEGUN!" This message quickly grabs attention, urging users to prepare for the Mainnet by completing a few steps: submitting KYC verification, completing the checklist ( which includes setting up the wallet and key ), and approving the transfer of Pi to the Mainnet. The post asserts that completing these steps will allow users to unlock real utility for their Pi coins, including purchasing goods and services, accessing decentralized applications (dApp) powered by Pi, and engaging in the broader Web3 innovation. However, the Pi Core Team has not yet confirmed any new migration phases through verified channels. All of this is happening as Pi Network prepares to unlock 276 million PI tokens in June, an event that provides a value of approximately 176 million dollars, according to data from PiScan. With low trading volume and fragile sentiment, this opening move could seriously challenge the market's resilience. Pi Coin Still Faces Pressure as Bears Dominate Pi Coin continues to trade under pressure, fluctuating around the level of 0.64 dollars. The 30-minute chart shows an extended downtrend from the May 12 high, with the price consolidating near the lower Bollinger Bands at $0.6410. The RSI (14) at 40.27 signaling weak buying momentum, while the MACD remains sideways, indicating hesitation. Zooming in on the 5-minute chart, Pi is facing a similar picture. The RSI has dropped to 29.00, indicating an oversold area, showing that short-term sellers are dominating. The MACD is also showing a negative trend, with no bullish divergence in sight. The lack of sudden spikes in volume further confirms the declining interest. On the 1-minute chart, Pi tested the intraday low of $0.6405, while the RSI dropped to 30.90 before rising slightly. However, lower highs and lower lows continue, maintaining a short-term downtrend. With the unlocking of 276 million PI tokens set to occur this month, the risk of price decline remains high. If $0.64 breaks decisively, the next support level is at $0.60, followed by the psychological level of $0.40. To reverse the story, the bulls will need to reclaim the $0.65-$0.66 range with large volume.