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Vignesh S G
Vignesh S G
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Reviewed by:
Qadir AK
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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jun 20, 2025 06:50 UTC
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Pi Network Mainnet Migration Issues Could Spark a Crash Below $0.50
Pi Network crashes 35% in 30 days as price nears $0.50; KYC failures, wallet issues, and 2FA glitches fuel user frustration post-migration.
Millions of PI flood exchanges amid token movements by the Core Team, signaling major sell pressure and a likely breakdown below $0.50.
In the last 30 days, PI price has plunged by 35%, and over the past 14 days, it’s down 13.7%. This week alone, Pi has dropped 4.4%, now trading at $0.5379 — just above the critical $0.50 psychological support level.
With rising exchange deposits and on-chain red flags, analysts warn that a crash below $0.50 is likely. Here’s what the data says.
Pi Network Migration Chaos: KYC Failures, Missing Balances, and 2FA Glitches
Pi Network’s highly anticipated mainnet migration has turned problematic for many users.
- Several users claim their KYC verification is failing, even after multiple attempts.
- Others report 2FA errors, preventing them from accessing wallets or transferring funds.
- Most concerning, many users say their balances have disappeared post-migration, despite following all the required steps correctly.
These technical issues have led to growing frustration in the Pi community, with some now questioning the network’s ability to scale reliably.
Pi coin Sell-Off
According to PiScan, over the past 24 hours:
- 7.9 million PI tokens were moved from Pi Foundation 2 wallet, linked to the Core Team
- Three wallets that received 2M+ PI each from Pi Foundation 4 have moved a combined 4.5 million PI
This massive movement of tokens by the Core Team suggests a potential sell-off or internal reallocation. But when such movements coincide with increased exchange activity, it’s often a bearish signal.
Massive Exchange Inflows Point to Selling Pressure
Major crypto exchanges are now seeing a surge in PI deposits:
- OKX: +3.09 million PI
- Bitget: +1.02 million PI
- MEXC, Gate.io, and Pionex: Combined increase brings the net inflow to 4.91 million PI
This sharp rise in PI balances on centralized exchanges strongly suggests that tokens are being prepared for sale, increasing the circulating supply and potentially triggering a price dump if buying demand doesn’t match.
Pi Token Price Forecast
The technical outlook is flashing red:
- PI is trading below the key support of $0.5524
- Immediate psychological support sits at $0.50
- Experts say PI must reclaim $0.60 to avoid a steep decline
Meanwhile, the MACD continues its downward trend, and the RSI sits at 31.52, indicating oversold conditions and growing bearish momentum.
In just the last 24 hours, PI price has slipped by 0.6%, and 0.2% in the past hour, suggesting no immediate bounce is in sight.
What’s Next for Pi Network Price?
With the Core Team moving millions and exchange inflows rising, the data points to a possible breakdown below $0.50. Unless bulls step in quickly, the PI Network could see its steepest decline yet.
The Pi Network is under intense pressure. The combination of technical weakness, on-chain movement, and rising sell pressure makes a dip below $0.50 highly probable.
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FAQs
Pi Coin’s decline today is primarily due to continued technical issues with its mainnet migration, suspected token movements from the Core Team (suggesting a sell-off), and significant inflows of PI to centralized exchanges, indicating increased selling pressure.
If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.
Currently, there is no clarity on the launch of Pi coin on Binance.
Yes 
No 
