Pi Network, once hailed as a revolutionary digital currency, is now facing intense criticism as users struggle to transfer their Pi Coins (PI) to the mainnet.
With the March 14 deadline looming, thousands of Pioneers as Pi Network users are called, are encountering technical issues, KYC verification delays, and unanswered support requests.
Frustration is mounting, with many now questioning whether the Pi Network is an overhyped project rather than a game-changer in crypto.
Pi Network has set 8:00 AM UTC on March 14 as the final deadline for KYC verification and migration.
Failure to meet this deadline could result in users losing most of their Pi holdings, except for coins mined in the past six months.
Although a Grace Period was introduced, many users claim they are still unable to migrate their balances due to persistent technical glitches.
- Some report their balances remain unverified, even after completing KYC verification and following the Mainnet checklist.
- Others have filed multiple support tickets but say they have received no response from the Pi Network team.
Crypto analysts and industry figures have taken to social media, demanding an extension until all issues are resolved.
Pi Coin Faces Heavy Losses Amid Market Uncertainty
The migration issues have shaken investor confidence, leading to a sharp sell-off of Pi Coin.
- Pi Coin has plunged 16.3% this week and is currently trading at $1.40.
- In the last 24 hours alone, Pi has fallen 12.2%, breaking key support at $1.43.
- The 50-day EMA at $1.74 now acts as a major resistance level, and if the downtrend continues, Pi could drop to $1.20 or even $0.99.
Some analysts believe Pi Day on March 14 could trigger a price rebound, but for now, investor sentiment remains weak.
Adding to the turmoil is the ongoing uncertainty over a Binance listing.
While the Pi community overwhelmingly voted—86% in favor—for Binance to list Pi, the exchange has yet to make an official announcement.
This silence has led to outrage among Pioneers, with many taking their frustration to review platforms:
- Binance and Bybit have been bombarded with one-star ratings from angry users.
- Bybit’s CEO has previously labeled Pi Network a scam, further damaging its credibility.
Pi Network Under Pressure to Restore Confidence
With just days left before the migration deadline, Pi Network is under mounting pressure to:
- Address technical issues preventing migration.
- Provide transparency on unresolved KYC verifications.
- Improve communication with frustrated users.
- Clarify its position on Binance and other exchange listings.
Without urgent action, Pi Network risks losing its most valuable asset: community trust.
For now, all eyes are on March 14. If the team fails to act, Pi Network’s credibility may suffer irreversible damage.
