Pi Network’s Big Plans: Between User Hopes and Doubts

Updated

April 21, 2025

Gambar Pi Network’s Big Plans: Between User Hopes and Doubts

Jakarta, Pintu News – After a long wait, Pi Network [PI] has finally announced its next big step. The release of a new roadmap that was supposed to guide millions of users or “Pioneers” into the open Mainnet era, has instead caused confusion and concern.

Pi Network Migration Plan Confusion

The newly released migration roadmap by Pi Network was supposed to mark an important turning point. However, the document has instead fueled frustration and doubt among users. Although the roadmap outlines three phases of the token move, including mining rewards, referral bonuses, and node payouts, no concrete timeline is given for when this transition will occur.

Users can now only guess when their PI will be usable, how much is queued for transfer, and how long the process will take. The platform’s admission that the “transferable balance” display may be lower than the actual amount has deepened distrust.

Some began to question the basis of the project itself, wondering how a blockchain could print all the tokens in advance yet take years to mine, or if there really was a real chain behind the interface at all.

Also Read: Bitcoin Continues to Thrive Amid Crypto Market Fears: The Impact of Inflation Fears on Crypto

Decreased Supply on the Exchange

More than 13 million PI coins were withdrawn from OKX in a series of high-value transactions that can be traced to the same buyer. In less than 48 hours, this address made three large transfers totaling more than 41 million PI (worth approximately $27 million). This sudden outlay has drastically reduced the available supply of PI on OKX, adding fuel to speculation about a possible upcoming price spike.

With the migration roadmap leaving uncertainty among users, this off-exchange accumulation suggests growing confidence among insiders – or perhaps whales gearing up for something bigger. Exchange reserves are rapidly depleting, and the market is realizing it.

Pi Price Outlook

Despite a massive $27 million withdrawal from OKX, Pi Network’s price action remains muted. Currently, PI is trading at $0.64, barely moving amid low volumes. The Relative Strength Index (RSI) stands at 44, indicating weak momentum and no signs of an immediate reversal.

The Balance On-Volume (OBV) stood at -13.56 million, reflecting sustained selling pressure since March. However, sideways consolidation since early April indicates accumulation potential. If buyers continue to drain the market, a supply shock could change market sentiment. Until then, the bulls need to reclaim $0.75 to break this downtrend and revive market confidence.

Conclusion

With the dilemmas faced by Pi Network users and uncertain market activity, the future of PI is still full of question marks. Whether Pi Network can overcome these doubts and prove its reliability in the crypto world, only time will tell.

Also Read: Cardano Price Explosion Potential According to Analysts: Repeat 2021 Surge, Target $16?

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