Pi Network users, known as Pioneers, are expressing growing frustration over their inability to transfer their mined Pi Coins (PI) to the blockchain’s mainnet. 

The concerns mount as the network’s Grace Period deadline approaches, leaving users with just four days to complete the necessary migration process.

Pi Network Sets March 14 Deadline for KYC and Mainnet Migration

The Pi Network has set a critical deadline for users to complete their Know Your Customer (KYC) verification and Mainnet migration. According to the announcement, Pioneers must finalize these processes by 8:00 AM UTC on March 14, 2025. 

Failing to do so will result in the loss of most of their Pi holdings. However, coins mined within the past six months are exempt from this. The Grace Period, introduced to give users ample time to complete verification, has already been extended multiple times.

As per the Pi team, these extensions were designed to accommodate as many legitimate users as possible, ensuring their balances could be verified and migrated. 

“The end of the Grace Period is inevitable to make sure the network can move on in its new phase without large sums of unverified and unclaimed mobile balances,” the blog read.

Despite this urgency, numerous Pioneers have reported issues preventing them from transferring their PI to the Mainnet. Among them is Jaro Giesbrecht. In a post on X (formerly Twitter), Giesbrecht claimed he had completed the Mainnet checklist but remained stalled. 

“The Pi network has done nothing to help solve this problem. It is a very common problem. Pi has done nothing to help fix this and other problems,” he wrote.

Giesbrecht intensified his criticism, arguing that the deadline should be extended until all Pioneer issues are resolved. He suggested that failing to do so would render the entire process ineffective and raise concerns about the project’s legitimacy.

The issue appears widespread, with other Pioneers echoing similar complaints on X.

“The whole process is a joke. ~80% of my balance shows as unverified, although all of my security circle has completed KYC. No additional actions are listed to be taken in order to clear this up. Furthermore, nobody got back to me on a support ticket I opened weeks ago. What gives?” remarked a user.

Furthermore, users also noted that Step 9 on the Mainnet checklist—”Migrate to Mainnet”—remains unresolved, leaving their Pi balances in limbo.

“What’s the problem with the mainnet migration? Are we to forfeit our mined PI due to an error from your end?” a user posted.

Pi Coin Sees Double-Digit Losses Amid Binance Listing Uncertainty

While the looming deadline worries many, others eagerly await March 14, widely recognized as Pi Day. The occasion has sparked optimism for a potential price surge despite Pi Coin’s recent struggles in the market.

“As long as we don’t break $1.2 support, I’m bullish. PI day is approaching, and hopefully, we will see a pump,” an analyst wrote.

Over the past week, PI has lost 16.3% of its value. Moreover, in the last 24 hours, it suffered a double-digit drop, trading at $1.40 at press time. This represented a decline of 12.2% over the past day alone.

The Pi Network community’s concerns go beyond price movements, as many Pioneers continue to push for Binance to list Pi Coin.

While Binance has not officially announced anything regarding PI, it recently introduced “Vote to List” and “Vote to Delist” features. The system has fueled hopes that the move would make it easier for PI to get listed. 

However, these tools do not grant users full authority, as Binance retains the final decision-making power. Therefore, the uncertainty surrounding the decision has led to frustration.

Notably, the community vote concluded on February 27 with an overwhelming 86% majority in favor of listing Pi Coin. Yet, with no official response from Binance, Pioneers have erupted in outrage. 

In protest, they flooded the exchange with one-star reviews on Google Play Store. A similar decline in ratings was observed on Bybit. The exchange’s CEO had previously called Pi Network a scam.

Bitcoin price started a fresh decline from the $92,000 zone. BTC is back below $85,500 and might continue to move down below $80,000.

• Bitcoin started a fresh decline below the $85,000 zone.
• The price is trading below $85,000 and the 100 hourly Simple moving average.
• There is a short-term bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another decline if it fails to clear the $80,000 resistance zone.

Bitcoin Price Faces Resistance

Bitcoin price started a fresh decline below the $88,000 level. BTC traded below the $86,000 and $85,000 support levels. Finally, the price tested the $80,000 support zone.

A low was formed at $80,006 and the price recently started a recovery wave. There was a move above the $80,500 and $81,200 resistance levels. The bulls pushed the price toward the 23.6% Fib retracement level of the downward move from the $91,060 swing high to the $80,006 low.

Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,700 level. The first key resistance is near the $83,000 level.

There is also a short-term bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC/USD pair. The next key resistance could be $85,000. It is near the 50% Fib retracement level of the downward move from the $91,060 swing high to the $80,006 low.

A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $90,000 level or even $96,200.

Another Decline In BTC?

If Bitcoin fails to rise above the $83,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,000 level. The first major support is near the $80,200 level.

The next support is now near the $80,000 zone. Any more losses might send the price toward the $78,000 support in the near term. The main support sits at $75,000.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $80,000, followed by $78,000.

Major Resistance Levels – $83,000 and $85,000.