Pi Network Community Moderator Hints at Possible Second Mainnet Migration
A community moderator from Pi Network suggested a potential second mainnet migration in 2025, sparking renewed interest in the project. This discussion arose during conversations about unresolved referral bonuses and unverified balances.
Key points include:
- The possibility of a second migration was highlighted by influencer Woody Lightyear on X.
- The Times of PiNetwork indicated that this migration would target unmigrated tokens, including referral mining rewards and KYC-verified user balances.
- A second migration could alleviate frustrations due to past delays and increase active wallets and network liquidity.
- Analysts warn the Pi Core Team might delay a large-scale release to avoid increased selling pressure, as Pi's price currently ranges between $0.30 and $0.40.
Price Analysis
PI recently broke down from a symmetrical triangle pattern, indicating bearish momentum with the current trading price around $0.36, below the key support zone of $0.37. Key indicators show:
- RSI at 26 indicates oversold conditions.
- CMF at –0.18 reflects capital outflows.
- BoP indicator at –0.89 shows negative sentiment.
If the downward trend continues, PI may retest the psychological level of $0.35 or slide toward $0.32. A recovery requires reclaiming the $0.38 level, with a push toward $0.40 necessary for stabilization.
Source: TradingView