Pi Network Mainnet Migration Issues Could Spark a Crash 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.