Pi Network price surged 53% last week, fueling speculation about a rally to $10 before the March 14 KYC migration deadline.
Pi Network Posts Significant Gains as Mainnet Migration Approaches
Pi Network’s price surged 53% last week to open trading at $2 on Saturday, March 1 as excitement builds ahead of the platform’s KYC and Mainnet migration deadline.
In a recent blog post published on Friday, Feb 28, the PI Network team emphasized the current migration window presents the last opportunity for Pioneers to verify their accounts and secure their Pi holdings before unclaimed balances vanish.
Pi Network Price Action
The project’s developers extended the deadline to accommodate inactive users who may have missed previous verification opportunities. They also cited security concerns, stating that large amounts of unverified Pi stored in mobile wallets pose risks now that the Open Network is operational. This deadline is final, with no further extensions planned.
“As part of our ongoing mission to ensure inclusivity, fairness, and maximum participation in the Pi Network ecosystem, the Grace Period has one last extension to 8:00 a.m. UTC on March 14, 2025—the sixth anniversary of the project’s official launch.”
– Pi Network Team, Feb 28, 2025
While previous extensions provided ample time for verification, Pi Network developers insist the migration must conclude to maintain security and decentralization. Those failing to complete KYC by the deadline risk forfeiting unverified balances permanently.
Why Did Pi Network Extend the Migration Grace Period?
Pi Network’s leadership says the extension is necessary to uphold inclusivity and accessibility across its global user base. The decision also aims to reengage early Pioneers who played a critical role in Pi’s initial adoption but became inactive over time. With the Open Network live, renewed interest has prompted the need for one final grace period.
The project cites several key reasons for the extension:
Reengaging early adopters: Pi Network wants to ensure those who contributed to the ecosystem’s growth but lapsed in activity have a final chance to verify and migrate their balances.
Ensuring inclusivity: Pi’s mission revolves around offering access to a broad audience, and extending the migration deadline aligns with this principle.
Addressing verification obstacles: The extension provides a buffer for Pioneers facing difficulties in completing KYC due to regulatory or logistical challenges.
Strengthening the network: A real, verified, and decentralized network is vital for Pi’s long-term success. Allowing more users to transition to Mainnet ensures a stronger, more robust ecosystem.
Despite these considerations, Pi Network maintains that this extension is the absolute last. The transition must move forward to establish full network functionality without unverified or inactive balances weighing down the system.
What Happens If You Miss the Pi Network Migration Deadline?
Pioneers who fail to complete KYC and migrate their Pi holdings before March 14, 2025, will lose most of their mobile wallet balances. However, Pi Network has clarified that any Pi mined within the last six months before migration will remain accessible.
Pi Network Team announces “Last Chance” for Migration
This means that users holding older, unverified Pi must take action before the deadline or risk losing their assets permanently. The migration process ensures that only verified users retain access to their balances, aligning with Pi Network’s commitment to maintaining a decentralized and authenticated blockchain.
Can Pi Network Price Reach $10 Before March 14?
With Pi’s price surging 53% last week, moving from its opening price of $1.20 on Sunday Feb 23 before opening trading at $2.10 on Saturday March 1 mark . Speculation is now mounting over PI’s potential to climb towards to the $10 level before the migration deadline.
The market’s reaction suggests growing confidence in the project’s long-term viability, but whether Pi can reach $10 hinges on multiple factors. Market sentiment is also crucial. Increased adoption, successful migrations, and expanding use cases could fuel further rallies.
However, failure to meet migration targets or lingering doubts about Pi’s utility post-Mainnet could dampen bullish momentum. Pi Network price trajectory remains uncertain, but one thing is clear—the March 14 deadline is a defining moment for the project’s future.
Users still holding unverified balances have a narrow window to act before their assets disappear.
Whether Pi’s price continues its ascent or retraces in the coming weeks, the network’s transition to full Mainnet functionality will be a turning point that determines its long-term prospects.
Pi Network Technical Analysis: Close Above $2 Could Spark $10 Attempt Before Migration Deadline
Pi Network price is consolidating near $1.95 after posting a 53% rally over the past week. The chart suggests a key decision point, with technical indicators offering mixed signals on whether PI can sustain its upward momentum toward $10.
The Parabolic SAR, a key trend-following indicator, remains bullish at $1.1446, suggesting that buyers still control the broader trend.
Pi Network Technical Analysis
However, the latest red candlestick near $2 indicates selling pressure, signaling a potential retracement if bulls fail to hold current support levels.
A decisive close above $2 would reinforce bullish momentum, while a failure could see PI revisiting the $1.50-$1.60 range.
Volume analysis shows a recent decline in bullish momentum, with the Volume Delta flipping negative, indicating more sell-side pressure.
If buyers step in to absorb selling, a breakout above $2.50 could trigger a sharp rally, with $3.20 as the next resistance before a potential parabolic surge to $10.
However, failure to sustain above $2 risks a prolonged consolidation phase, delaying any upward breakout ahead of the March 14 migration deadline.
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