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- Zafar Naik
Zafar Naik
- Reviewed by:
Qadir AKQadir 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.
- Feb 20, 2026 10:09 UTC
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Pi Network Turns One: Milestones, Migration Gaps, and What’s Next for Pi Coin
Pi Network's open mainnet hits its first anniversary, but millions of Pioneers still can't access their coins.
Five more protocol upgrades remain before the network reaches version 23, with the next deadline set for February 27.
Pi coin dropped 11% ahead of the anniversary despite a week-long rally that had the community buzzing.
Pi Network’s open mainnet just turned one. From exchange listings and protocol upgrades to over 16 million migrated users, the past year reads like a highlight reel. But behind the milestones, a different story is playing out.
A significant portion of the Pi community still can’t touch their coins. KYC remains incomplete for millions. Tokens sit unmigrated. Balances show zero.
As crypto creator Crypto Boy highlighted in a recent breakdown, “Although one year is completed but still people are facing problems, are waiting, waiting for their Pi coin.”
The gap between what’s been announced and what users have actually experienced has become a recurring theme across the Pi ecosystem.
2FA Is Now a Hard Blocker
Users who haven’t completed two-factor authentication are stuck. The mainnet checklist requires Facebook verification, phone number, and email before any tokens can migrate.
This isn’t optional. As Crypto Boy put it, “It is one of the most important thing to migrate your Pi coin to the mainnet wallet.”
Without it, Pi stays locked regardless of how long someone has been mining.
Pi Node Upgrade Roadmap: Five Versions Still to Go
The v19.6 protocol upgrade completed successfully on February 15. But the road ahead is long.
Next up: v19.9 is targeted for February 27. Version 20.2 follows on March 12. After that, the network still needs to push through to version 23. That’s five more upgrades after the one that just shipped.
Every step is sequential. All nodes must complete each upgrade before the network moves forward.
Pi nodes run on the Stellar Consensus Protocol, validating transactions and maintaining the blockchain’s decentralized backbone. Node operators earn additional Pi rewards for their role.
Pi Coin Price Dropped 11% Before Anniversary
Pi coin saw an 11% price drop in the day before the anniversary despite the week-long rally that preceded it. It is now trading at $0.1761.
Year one is done. The question now: can Pi Network close the gap between its roadmap and its reality before year two runs out?
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FAQs
You likely haven’t completed the two-factor authentication (2FA) requirement. Facebook verification, phone number, and email confirmation are mandatory before any tokens can migrate to your mainnet wallet.
Open your Pi app, access the mainnet checklist, and complete two-factor authentication by verifying your Facebook, phone number, and email. This step is mandatory for token migration.
The roadmap targets version 19.9 by February 27, version 20.2 by March 12, and ultimately version 23. All five remaining upgrades must be completed sequentially.
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