Date: Sat, March 01, 2025 | 02:18 PM GMT
Pi Network (PI) remains in the spotlight following its successful mainnet launch on February 20. In a major update today, the Pi Core Team announced an extension of the KYC and mainnet migration grace period, giving Pioneers one final chance to complete their verification and migration process.
Grace Period Deadline Extended for Final Time
The new deadline is set for March 14, 2025, at 8:00 AM UTC. This provides users extra time to verify their balances and move their Pi to the mainnet after the Open Network launch.
Source: @PiCoreTeam (X)
However, the Pi team has clarified that Pioneers who fail to complete KYC and migration by this deadline may lose a significant portion of their mobile balance, with only Pi mined within the last six months before migration being retained.
Pioneers’ Reactions
The announcement has sparked mixed reactions within the Pi community. While some Pioneers welcome the extension as an opportunity to complete their KYC, others remain frustrated due to issues such as availability KYC slots and pending migrations .
Price Outlook
At the time of writing, PI is trading at $2.09, down 8% in the last 24 hours. The 2-hour chart shows that this decline was triggered by a breakdown from the 10-day moving average (10D MA) and the ascending support trendline.
Pi Network (PI) 2-H Chart/Coinsprobe (Source: Tradingview)
As shown in the latest PI/USDT chart, the price attempted to reclaim support but faced rejection, indicating bearish pressure in the short term. If PI can reclaim the 10D MA, it could regain upside momentum. Otherwise, a continued decline toward the $1.70 support zone would serve as a healthy correction before a potential fresh leg up.
With the extended deadline and growing community discussions, all eyes will be on Pi Network’s next moves in the coming days.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
