🚨 Migration Jitters Hit Pi Network — Will Bulls Hold the $0.60 Line or Crack Under Pressure?
Pi Network (PI) is skating on thin ice. After failing multiple times to break above $0.66, the coin has now slipped into a tight and tense range around $0.65 — with $0.60 acting as its final line of defense.
📉 What’s going on?
Traders are eyeing a massive breakout… or a breakdown. Four straight sessions of sideways movement have created a coiling pattern, and analysts say it’s just the calm before the storm.
Behind the scenes, things look even worse:
🔍 User Growth Has Stalled
Data from Holderscan shows the number of PI holders frozen at ~14,952. Almost no new wallets are joining. Early adopters? Quietly walking away.
💬 Analyst Aaryamann Shrivastava puts it bluntly:
“This declining participation is eroding confidence in the project’s near-term prospects.”
😡 Community Frustration Boils Over
The long-promised Pi migration is turning into a nightmare.
Thousands of users are stuck in KYC limbo, and a second wave of migration requests is sparking outrage. Pi’s core team hasn’t confirmed anything, but users are being asked for extra authentication in-app — with no clear explanation.
“This Pi thing is nonsense. After years of mining, we can't even access our coins,” one user vented on X.
💣 Brace for Impact: 276 Million PI Unlock Incoming
The biggest threat? A massive 276 million token unlock scheduled for June. That’s $176 million in fresh supply hitting the market — and it could crush prices if sentiment doesn’t flip fast.
🔥 The Bottom Line:
Pi Network is at a crossroads — with angry users, stagnant growth, and a looming supply shock. If bulls can’t defend $0.60, the next move could be down — fast.
Stay sharp. Things are about to get volatile.
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