- Pi Network’s Mainnet migration deadline is today, March 14, marking the end of the extended grace period for KYC completion.
- PI’s price is struggling, currently at $1.52, with bearish sentiment dominating the market.
Pi Network’s long-awaited Mainnet migration deadline has finally arrived. The network had provided an extended grace period for users to complete their Know Your Customer (KYC) process and migrate their balances.
Today, March 14, marks the last chance for users to finalize these steps. Those who fail to do so will lose most of their mobile balance, except for PI mined within the last six months before migration.
Final Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more… pic.twitter.com/uqj5NujMtk
— Pi Network (@PiCoreTeam) March 14, 2025
The migration deadline has been a critical point for the Pi community, as it determines who will be part of the fully operational Mainnet. The extension aimed to allow as many users as possible to verify their balances and move forward with the project’s next phase.
While the deadline had been pushed multiple times, Pi Network developers emphasized that no further extensions would be granted.
The project has always focused on inclusivity and accessibility, encouraging early participants to complete their verification. With the Open Network launch reigniting interest in Pi, many inactive users had the opportunity to return and finalize their migration.
However, those who miss today’s deadline will see their balances forfeited. The grace period rules remain unchanged, meaning that any unverified balance will not be transferred to Mainnet after today.
Pi Coin Struggles Despite Migration Deadline
Despite the significance of the migration date, the PI Coin’s performance in the market has been weak. PI is trading at $1.52, having fallen by 6.87% in the past 24 hours and by 16% in the past week. Market sentiment has been negative, with traders seeking to position themselves for the continuation of the downward trend.
The futures market data shows that the traders are skewed towards short positions, i.e., the majority expect the price to decline further. The funding rate is negative, which is a signal that the sellers are in control.
PI is currently facing strong resistance at $1.54. If this level can’t hold, more downward pressure is likely, with support at $1.3093 being the next critical level to watch. A failure to hold this support could push the PI even lower to $1.2928, where buyers may attempt to stabilize the price.
PI Network Needs a Breakout Above $1.54 to Regain Momentum
The absence of bullish momentum can be observed, with every effort to break the resistance having failed. If it continues, PI can expect to struggle to gain momentum in the short term.
But breaking above this resistance can be the signal that momentum is about to switch, with the next major target at $1.5980.
Adding to the volatility, the overall performance of the broader cryptocurrency market can also impact PI’s price direction. If sentiment in the altcoin market improves, PI can expect to witness more buying. But if the market conditions remain poor, PI can continue its downward trend.
If the migration is completed by sufficient holders, the trust in PI can be enhanced, which can result in price stabilization. On the other hand, if the transition is not seamless, selling pressure can become stronger.