Key Highlights
- Pi Network introduced revised migration protocols to streamline token transfer procedures for users.
- Two-factor authentication now mandatory for wallet security before any token movement can occur.
- Over 119,000 participants successfully completed their second migration phase through March.
- Numerous users face extended wait times during KYC verification procedures.
- PI token declined more than 8% over seven days, hovering around $0.17 price level.
Pi Network unveiled revised migration protocols addressing persistent user concerns about transfer delays. Officials instructed participants to fulfill wallet security requirements for completing both initial and subsequent migration stages. Concurrently, PI price weakened by more than 8% throughout the week, currently exchanging hands near $0.17.
Network Implements Enhanced Migration Framework and Authentication Mandate
Pi Network responded to community feedback regarding stalled token movements and verification system congestion. Officials released comprehensive instructions detailing requirements for subsequent migration phases. These updates emerged following persistent community concerns voiced on X social platform.
To complete first or second migrations, Pioneers must set up Pi Wallet two-factor authentication (2FA) through Step 3 of the Mainnet Checklist.
This step is required to further strengthen account and wallet security before real Pi is transferred, an irreversible and immutable… pic.twitter.com/1Q9Zk2vPzU
— Pi Network (@PiCoreTeam) April 2, 2026
Network administrators confirmed Pioneers must activate wallet two-factor authentication via Step 3 within the Mainnet verification sequence. Officials explained this measure would “further strengthen the account and wallet security” preceding any transfer authorization. These requirements encompass both initial and follow-up migration pathways.
Subsequent migration procedures facilitate transferring excavated tokens from the restricted ecosystem to the Mainnet infrastructure. Officials rolled out this capability during their March 14 Pi Day reveal. Leadership characterized the enhancement as addressing prolonged community demands.
Following that announcement, approximately 119,000 participants successfully navigated second migration procedures by March’s conclusion. Nevertheless, substantial user populations report remaining trapped within KYC authentication phases. Feedback beneath official communications reveals multi-month delays awaiting token clearance.
Administrators recognized these issues while reaffirming participants must meticulously execute the Mainnet verification sequence. Officials stressed wallet protection protocols remain compulsory prerequisites for transfer initiation. This clarification attempts to expedite outstanding migration requests.
PI Cryptocurrency Continues Downward Movement Following Exchange Addition
PI climbed toward $0.30 during mid-March following Kraken exchange listing confirmation. Trading commenced shortly thereafter. Market participants subsequently drove valuations beneath $0.20 within several days.
Trading information reveals PI maintained largely horizontal movement following that correction. The cryptocurrency shed over 8% across the previous seven-day period. Values also contracted nearly 4% within the most recent 24-hour window.
PI briefly contacted $0.167 earlier before registering modest upward movement. Nevertheless, the asset continues struggling to recapture the $0.17 threshold. Transaction volumes persist at consistent levels, though price stabilization remains elusive.
Token distribution schedules suggest additional supply dynamics approaching within upcoming weeks. Approximately 8 million tokens face scheduled average monthly circulation. Multiple forthcoming dates will witness over 18 million tokens entering circulation.
These distribution events could amplify circulating supply during this vulnerable pricing period. Project leadership has not disclosed modifications to distribution timelines. PI remains trading significantly below its mid-March $0.30 valuation peak.
