Pi Coin Price in 2025: Will Migration Woes Crash the Party or Fuel the Fire?

Migration headaches hit Pi Network—just as the project teeters on mainstream adoption. Will this be the stumble before the sprint?

Behind the glitch: Pi's long-awaited mainnet transition faces delays, triggering sell-offs among impatient miners. The 'free crypto' experiment now faces its first real stress test.

Market reaction: Pi's price charts resemble an EKG—spiking 30% on exchange listings before crashing back when wallet migrations froze. Traders call it 'the most volatile stablecoin' with a smirk.

Silver lining? The bottlenecks prove real demand exists. Over 10 million stuck transactions suggest people actually want to use this thing—when it works.

Finance jab: Nothing unites crypto like schadenfreude—BTC maximalists are having a field day while 'Pi-ons' (yes, that's a term now) sweat over their unmovable bags.

What Is Causing the Pi Coin Price to Falter Amid Migration Issues?

Pi Network’s Mainnet migration, which will take the tokens in the mobile app and bring them to the open blockchain, is an essential process on the way to its full vision of a decentralized finance (DeFi) platform. In May 2025, Horizon Upgrade added support for more than 100 decentralized applications (DApps), validator-based consensus, and a 100-million-dollar ecosystem fund, which put it on track to be adopted by the masses. 

Nevertheless, its migration process has been full of technical challenges, leading to frustrations for its users, which also impacted the Pi coin price negatively. The magnitude of the issue is pointed out by the reports of wallets in stuck pending status, missing balances, and tokens that fail to MOVE filling platforms such as Reddit, YouTube, and X. There is also the issue of the unresponsiveness of the Pi Core Team, which has escalated the negative concerns as it has brought pressure on the Pi coin price.

How Are KYC Verification Challenges Impacting the Pi Coin Price?

One of the biggest obstacles during the migration process is the KYC verification procedure, which plays a significant role in guaranteeing the user identities and integrity of the network. Even though a large number of users have done their KYC months ago, thousands are still in a tentative approval phase of their application, which puts them in a limbo state where they cannot migrate to their wallets, and their funds remain zero. This lag problem and the lack of transparency have impacted the Pi coin price, as demonstrated by the users.

The introduction of 2FA in March 2025 was intended to enhance security for token transfers, but it has instead become a significant pain point. A significant part of the user base claims to never receive any confirmation email, receive a broken LINK or expired address, and sometimes do not have any results of the IIFA implementation after performing 2FA. Tokens, in certain instances, are given back to the mobile app, where you see that a user has to restart.

The fact that the Pi Core Team has been giving vague information regarding the staged introduction of 2FA has also led to speculation of underlying infrastructure problems, which is a contributing factor to the extreme fluctuations in the Pi coin price. These technological failures demonstrate why a decentralized network is hard to scale.

Even users who successfully navigate KYC and 2FA are not guaranteed a smooth migration. More and more people say that they have seen their zero balance in their Pi wallets, with the unlocked tokens seemingly disappearing. According to community developers, backend sync failure or failure to follow some manual processes, including the movement of tokens in the transaction history to the available wallet, might have been the culprit. The poor timing of these mistakes is also hurtful since they are matched with a decrease in the Pi coin price by 78 percent during its peak level at the beginning of the year. 

There is also talk of a whale wallet (ending in ODM) containing a little more than 276 million Pi tokens, further degrading trust through discussion of insider liquidity control. Scammers take advantage of the confusion and spread phishing links and fake KYC reset services, which puts pressure on the Pi coin price.

The Pi CORE Team has acknowledged the migration issues and is working on technical fixes, though no clear timeline has been provided. They have issued guidance to help users navigate the problems, emphasizing the importance of fulfilling all prerequisites. Recommended steps include:

The problems with Pi Network’s mainnet migration in June 2025 have been a headache to the ambitious plans, and the failure to pass the KYC verification, problems with 2FA, and wallet balance have already frustrated and cost users up to a 4-5 percent drop in the price of the Pi coin.

The next migration event, about to take place on June 28, will be a do-or-die situation for Pi Network and whether this token can live up to its HYPE as a decentralized and mobile-first DeFi application that follows in the footsteps of a mobile-first company. At present, the users cannot do anything but keep alert, use official mediums, and pass through the Mainnet Checklist as the future of the Pi coin price hangs in the balance.

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