Pi Network has introduced a new two-factor authentication (2FA) feature for wallet migration, adding an extra security layer for Pioneers moving their Pi to the Mainnet. Meanwhile, Pi Coin has shown signs of recovery, bouncing from a key support level at $1.
With this new update, some Pioneers must complete 2FA using a trusted email before their Pi is successfully migrated. This process helps confirm the security of their Pi Wallets and ensures that only verified users can access their funds.
Pioneers who have already linked a trusted email can complete the process quickly. Those who haven’t will need to set one up by passing a simple verification check. The system is designed to prevent fraud and unauthorized access, making Pi migration safer.
For Pioneers who recently migrated their Pi but are still in the 14-day pending period, 2FA is now required. If they don’t complete it, their Pi will be securely returned to their mining app. However, once 2FA is done, their Pi will be migrated again without any loss.
This 14-day window was created to protect users from mistakes or security risks. Since blockchain transactions are permanent, this precaution helps prevent any issues before the migration is finalized.
With more security measures in place, confidence in Pi Network could grow. A safer migration process might encourage more users to transfer their Pi to Mainnet, increasing its use and potential value.
As of now, Pi Coin has faced strong selling pressure trading at around $1.14, dropping 31% in a week and falling from 11th to 17th place in rankings, with its market cap of $7.8 billion.
However, a potential breakout is forming, with key resistance at $1.20. If Pi Coin surpasses this level, it could rise to $1.4 and even more push could take the price to $2.
On the flip side, if it fails to break through, the price may drop to support levels around $1.05–$1.02.
Around 129 million PI tokens worth $175 million are set to be unlocked, increasing supply and potentially leading to further price declines.
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