Pi Network KYC deadline is approaching quite rapidly right now, with just four days remaining before the March 14 cutoff when millions of users might potentially risk losing access to their cryptocurrency holdings. Various major pi network migration issues have plagued numerous users attempting to complete the verification process, while the cryptocurrency’s value has actually plummeted by 16.3% over the past week amid mounting user frustration and uncertainty.
Reminder: The Grace Period requires both KYC and Mainnet migration to be completed by 8:00am UTC on March 14, 2025, to avoid forfeiting most of your Pi other than Pi mined within the rolling window of the last 6 months before your Pi is migrated. Learn more…
— Pi Network (@PiCoreTeam) March 10, 2025
Also Read: Shiba Inu (SHIB) March End Price Prediction
Pi Network Migration Issues & Price Drop: What You Must Know
The Pi Network has established March 14, 2025, at 8:00 AM UTC as the final deadline for all users to complete both their Know Your Customer (KYC) verification and mainnet migration processes. This critical Pi Network KYC deadline concludes the Grace Period, which the team has extended multiple times, sparking significant community debate.
The Pi team stated:
“The end of the Grace Period is inevitable to make sure the network can move on in its new phase without large sums of unverified and unclaimed mobile balances.”
Widespread Verification Problems Reported
Thousands of users, also known as Pioneers, have reported various technical issues preventing them from completing the required steps, despite the approaching pi network kyc deadline. According to numerous social media posts and community forums, approximately 80% of affected users cannot seem to verify their coin balances properly at the time of writing.
I have completed the mainnet checklist. I have been waiting weeks to migrate to mainnet. I have tried everything to solve this problem. The Pi network has done nothing to help solve this problem. It is a very common problem. Pi has done nothing to help fix this and other…
— Jaro Giesbrecht (@JaroGiesbrecht) March 10, 2025
Jaro Giesbrecht, a verified Pi Network user, expressed his frustration publicly:
“I have completed the mainnet checklist. I have been waiting weeks to migrate to mainnet. I have tried everything to solve this problem. The Pi network has done nothing to help solve this problem. It is a very common problem.”
Similar complaints have been voiced across several key platforms as users encounter pi network verification problems that could potentially result in the loss of their accumulated coins. Only coins mined within the past six months will be exempt from forfeiture if the deadline passes without successful verification.
Also Read: 2 US Stocks To Buy on Monday for Profits
Price Performance Raises Concerns
As the migration issues continue to frustrate users, PI’s market performance has essentially suffered quite a bit. PI has experienced a steep price drop over the past week, with a particularly severe 12.2% decline occurring within a single 24-hour period. Currently, PI trades at approximately $1.40, down from its all-time high of $2.99, and such volatility has triggered widespread concern.
Market analysts remain divided on the cryptocurrency’s prospects. One analyst noted:
“As long as we don’t break $1.2 support, I’m bullish. PI day is approaching, and hopefully, we will see a pump.”
The cryptocurrency security risks that are currently associated with these kinds of migration processes have actually been highlighted by several key industry observers and experts alike. Users must navigate a complex verification pathway that includes, steps like identity verification, anti-money laundering checks, and also transaction screening. This entire long process has created quite a bit of confusion for many users that are just trying to protect their investments during this transition period.
Binance Listing Uncertainty Adds Pressure
$PI price update $PI has broken the support at $1.65 and now heading towards lower support at $1.2. Price retraces are the part of healthy price actions.
As long as we don’t break $1.2 support, i m bullish. $PI day is approaching, hopefully we will see a pump pic.twitter.com/CiNvy6SlHr
— Zoe (@queencryptooo) March 9, 2025
Further complicating matters for Pi Network users is the ongoing uncertainty regarding a potential Binance listing. Despite a community vote concluded on February 27 that showed overwhelming support (86% in favor) of listing Pi Coin, Binance has yet to make any official announcement, and this silence has spearheaded community frustration.
Also Read: Ripple (XRP) March End Price Prediction
What’s Next For Pi Network Users?
With the Pi Network KYC deadline rapidly approaching as we speak, users actually face a critical decision point and some tough choices. Those who haven’t completed verification must either try to resolve their technical issues immediately or they might risk losing significant portions of their holdings, such as tokens that were mined before the six-month window, and this is causing a lot of concern among the community.
The Pi Network Core Team acknowledged the issues but insists that the deadline will remain unchanged. They noted in their February announcement:
“The Grace Period deadline has been the only Pi feature extended multiple times, and the extensions are meant to allow as many real Pioneers to verify their balances as possible.”
Despite the widespread pi price drop and technical challenges, the cryptocurrency project continues to maintain a substantial market capitalization of over $10 billion, ranking it among the top 15 cryptocurrencies by market value at this time.
Also Read: Top 3 Cryptocurrencies To Buy During The Current Market Dip
Credit: Source link