\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe Pi Network community (Pioneers) have complained about the missing second migrations for years. Now, though, PI is dumping as the process begins.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The highly volatile token as of late has dropped once again in the past 24 hours, losing over 10% of value in a nosedive to a two-week low of under $0.18.<\/p>\n
The asset has plunged by roughly 40% since the highly anticipated Pi Day on Saturday, even as the team behind the project announced new updates and promises.<\/p>\n
After celebrating its first anniversary as a free-for-trading token in late February, PI rebounded from its all-time low of $0.1312 and started March on the right foot as the community was preparing for the aforementioned Pi Day (March 14) and enjoyed several updates. The asset went on the offensive in the days leading to March 14, especially since the veteran US crypto exchange Kraken announced<\/a> it would list it for trading starting a day before the Pi Network celebration.<\/p>\n PI exploded by double digits on a few consecutive occasions, skyrocketing<\/a> from under $0.175 to a five-month peak of almost $0.30. However, the Kraken listing turned out to be a classic sell-the-news event, as once PI went live for trading on the popular exchange, it nosedived immediately by 30% in just a day.<\/p>\n Coincidentally (or not), this massive price drop was on Pi Day. After trying to rebound<\/a> yesterday to over $0.20, PI has been rejected once more, and now sits at $0.18 after a 11% daily decline. Its market cap has fallen to $1.750 billion, making it the 50th-largest cryptocurrency by that metric. Just a few days ago, PI had entered the top 40 on CoinGecko.<\/p>\n The Core Team made a big statement<\/a> on March 14, highlighting the project\u2019s progress in the past several years and laying out some of the goals ahead. One of those caught the Pioneers\u2019 attention in particular, as they have been requesting it for years \u2013 the second migrations.<\/p>\n Essentially, this is the process of allowing users to bring additional PI tokens to Mainnet and \u201cfurther participate in the ecosystem,\u201d the team explained. While the gradual rollout for the second phase is on, the first migrations for eligible Pioneers will \u201ccontinue as normal.\u201d<\/p>\n Users have to ensure that their Pi Wallet has enabled 2FA through the Mainnet Checklist Step 3 after adding a trusted email to their accounts. Second migrations will also include referral mining bonuses for Referral Team members who have successfully passed KYC.<\/p>\n Pi Network is excited to announce that second migrations have started and will continue with a gradual rollout, opening the door for Pioneers to bring additional Pi to Mainnet and further participate in the ecosystem! While second migrations roll out, first migrations for\u2026 pic.twitter.com\/KyqCMqcoyi<\/a><\/p>\n \u2014 Pi Network (@PiCoreTeam) March 16, 2026<\/a><\/p>\n<\/blockquote>\n Despite the promising words, many users remained skeptical in the comments below the posts, questioning<\/a> whether this is just more hype without actual implementation.<\/p>\nSecond Migrations Begin<\/h2>\n
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![<\/a>Pi Network (PI) Price on CoinGecko<\/figcaption><\/figure>\nSecond Migrations Begin<\/h2>\nThe Core Team made a big statement<\/a> on March 14, highlighting the project\u2019s progress in the past several years and laying out some of the goals ahead. One of those caught the Pioneers\u2019 attention in particular, as they have been requesting it for years \u2013 the second migrations.<\/p>\nEssentially, this is the process of allowing users to bring additional PI tokens to Mainnet and \u201cfurther participate in the ecosystem,\u201d the team explained. While the gradual rollout for the second phase is on, the first migrations for eligible Pioneers will \u201ccontinue as normal.\u201d<\/p>\nYou may also like:<\/h3>\nUsers have to ensure that their Pi Wallet has enabled 2FA through the Mainnet Checklist Step 3 after adding a trusted email to their accounts. Second migrations will also include referral mining bonuses for Referral Team members who have successfully passed KYC.<\/p>\n\nPi Network is excited to announce that second migrations have started and will continue with a gradual rollout, opening the door for Pioneers to bring additional Pi to Mainnet and further participate in the ecosystem! While second migrations roll out, first migrations for\u2026 pic.twitter.com\/KyqCMqcoyi<\/a><\/p>\n\u2014 Pi Network (@PiCoreTeam) March 16, 2026<\/a><\/p>\n<\/blockquote>\nDespite the promising words, many users remained skeptical in the comments below the posts, questioning<\/a> whether this is just more hype without actual implementation.<\/p>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\nDisclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-17-101204.png\"){kind=link}