Pi Coin Price Falls Amid Speculation Over Pi Network’s Second Mainnet Migration

Jakarta, Pintu News – A Pi Network community moderator recently raised the possibility of a second mainnet migration in 2025. This discussion went viral after it was uploaded by influencer Woody Lightyear on the X platform, who highlighted that the Pi moderator had acknowledged the possibility of a second migration this year.

Times of PiNetwork went on to explain that the migration will focus on tokens that have not yet been migrated, including referral mining rewards and balances from users who have just completed KYC verification.

Pi Network community reveals possibility of second mainnet migration

A Pi Network community moderator alluded to the possibility of a second mainnet migration in 2025.

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These comments came during discussions around long-delayed referral bonuses and unverified balances, shining a spotlight on PIs once again.

Influencer Woody Lightyear shared the discussion on platform X, emphasizing that the Pi moderators did acknowledge the possibility of a second migration this year.

According to The Times of PiNetwork’s explanation, this migration will focus on tokens that have not yet been migrated, including rewards from referral mining as well as user balances that have just completed the KYC verification process.

Why Pi Network Second Migration is Important

The first migration has proven Pi’s scalability and helped bring early adopters onto the network. However, the second migration will be an important step to address the frustrations that have built up due to years of delays.

Many pioneers still hold non-transferable balances, leaving parts of the community feeling marginalized. By opening up access to these tokens, Pi has the potential to significantly increase the number of active wallets while strengthening network liquidity.

On the other hand, analysts warn that Pi’s core team may be deliberately delaying the large-scale release of tokens. Given that Pi’s current price ranges between $0.30 to $0.40, a sudden injection of new supply could potentially increase selling pressure in the market.

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Pi Price Analysis: Bearish Pressure Strengthens

On the 3-hour chart (Aug 18), PI recently broke out of a symmetrical triangle pattern to the downside, signaling that bearish momentum is gaining dominance. As of August 18, the token is trading around $0.36, dropping below the important $0.37 support zone.

Interestingly, the RSI dropped to 26, indicating oversold conditions while reflecting strong selling pressure. The CMF stood at -0.18, signaling capital outflow, while the BoP indicator recorded a deep negative reading of -0.89.

If the downward momentum continues, PI could potentially retest the $0.35 psychological level and possibly drop to $0.32 in the short term.

On the other hand, to recover, PI needs to break back to $0.38, followed by a stronger push to $0.40. Until that happens, volatility is likely to remain high, and community speculation has little bearing on price weakness.

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Reference:

• Coinspeaker. Pi Network (PI) Price Watch: 2nd Mainnet Migration Speculation Sends Token Tanking. Accessed on August 19, 2025