Pi Network Completes Second Mainnet Migration, Expanding Blockchain Capabilities and Enabling Referral Rewards on Mainnet.

Pi Network has begun its second mainnet migration phase, transferring referral rewards and tokens to the live blockchain for the first time. Pioneers have started receiving updated balances in their wallets, including referral rewards previously stored within the app. The migration moves tokens from the testing system to the live blockchain network, supporting the growth of transactions and applications within the ecosystem. However, the Pi Network price has pulled back after a rally, and technical indicators signal oversold conditions. Weak trading volume reflects market caution, but the migration expands future use cases for the network.