Pi Network Migration Delays Persist: Users Face Ongoing Challenges

Despite completing the required steps, many Pi Network users are still facing migration issues. The project’s price continues to decline significantly, with a 78% drop from its all-time high and a recent price dip below $0.64 per token. Recent guidance from Pi News highlights the ongoing struggles, urging users to double-check their accounts and complete two-factor authentication for potential second migrations. However, numerous users report persistent problems even after these steps. Concerns are mounting over the lack of proper implementation before moving on to the next phase. This project launched in 2019 and finally deployed its native token and Open Network earlier this year, but many have struggled with verification requirements. The KYC process (Grace Period) aimed to ensure all users completed their required steps by March 14th; failure could result in forfeiting most of their minted PI tokens. Although the initial deadline was not extended, developers allowed some pioneers to use a trusted email for 2FA before their balances moved to the mainnet blockchain. However, many are still facing these issues. The upcoming token unlock schedule adds another layer of complexity. Over 280 million coins will be released over the next 30 days, which could intensify selling pressure and potentially cause further price declines. Some analysts predict a potential downturn, with one suggesting a possible plunge to $0.40 if the price falls below $0.55. The current challenges with Pi Network’s migration process are raising concerns among users and experts alike.