Pi’s Second Migration Could Reshape Wallets, Liquidity, and Price Stability

Pi Network is poised for significant developments in 2025, with growing speculation around a potential second migration of tokens from the testnet to the live mainnet. Migration, the process of unlocking Pi tokens for real-world use, has already been a foundational step for the project. The first migration brought early adopters onto the mainnet and validated the network’s scalability. A second migration would focus on releasing referral bonuses and recently KYC-approved balances, which remain locked, potentially boosting liquidity and expanding the number of active wallets on the network [1].

Community sentiment has been mixed about the timing and implications of such a move. While the Pi Core Team has not officially confirmed the migration, recent activity—such as a Pi moderator’s comments and the push for users to enable two-factor authentication—has fueled optimism and speculation. Woody Lightyear, a prominent community influencer, highlighted the moderator’s remarks, suggesting that preparations are underway [1]. Analysts, however, warn that a sudden release of tokens could increase market pressure, potentially depressing Pi’s price, which currently ranges between $0.30 and $0.40 [3].

To mitigate risks, the Pi Core Team is likely considering a phased approach to migration, ensuring a gradual release of tokens to avoid overwhelming the market. This strategy aligns with the project’s broader ecosystem development efforts, including the launch of the Pi Hackathon 2025. The initiative aims to incentivize developers to build decentralized applications (dApps) that enhance the utility of Pi coins. While the event has drawn mixed reactions, it reflects Pi’s focus on creating real-world use cases for its tokens, which could help sustain demand post-migration [5].

Security has also become a focal point for the Pi Network. A newly introduced passkey feature adds an extra layer of authentication for users logging into their accounts. The feature, aligned with broader Web3 trends, aims to enhance account protection and build user trust [5]. Community members have been sharing best practices for securing their credentials, including the use of password managers and offline backups, further emphasizing the importance of robust security in the digital finance space.

Meanwhile, Pi’s strategic partnerships are gaining attention. Stellar, a key partner, recently joined the ERC-3643 Association, which promotes the tokenization of real-world assets. This move could position Pi to participate in regulated digital asset markets, adding a new dimension to its long-term growth strategy [1]. As the project continues to evolve, the balance between expansion and stability remains crucial. A well-managed migration could unlock significant value for users while reinforcing Pi’s commitment to building a secure and scalable blockchain ecosystem [5].

Source:

[1] Pi Network Migration 2.0 Could Unlock Referral Bonuses and KYC Tokens (https://coinpedia.org/news/pi-network-migration-2-0-could-unlock-referral-bonuses-and-kyc-tokens/)

[2] Pi Network Price Forecast: Downside Risk Holds Even as Pi Moderator Hints at Second Migration in 2025 (https://www.fxstreet.com/cryptocurrencies/news/pi-network-price-forecast-downside-risk-holds-even-as-pi-moderator-hints-at-second-migration-in-2025-202508180730)

[3] Pi Network Moderator Hints at Second Migration Amid Community Excitement (https://coingape.com/pi-network-moderator-hints-at-second-migration/)

[4] Pi Network Adds Passkey Feature to Strengthen App Security (https://coinfomania.com/pi-network-adds-passkey-feature-to-strengthen-app-security/)

[5] Big Things Ahead as Pi Network Prepares for Major Updates (https://coindoo.com/big-things-ahead-as-pi-network-prepares-for-major-updates/)