Pi Network is under fire from its community as an increasing number of users report missing token balances, even after successfully completing Know Your Customer (KYC) verification and migrating to the mainnet.
The backlash intensified after the Pi Core Team released new security guidelines for wallet seed phrase management, aimed at increasing user protection. However, instead of calming the situation, the update sparked fresh outrage. Many users claim they followed all official instructions but still see zero balances in their wallets.
🔹 Frustration Mounts, Accusations Fly
On social media, particularly on X (Twitter), users are sharing their frustration and alleging technical failures, mismanagement, and even fraud. One vocal user, Haifeng Chen, captured the community’s anger in a reply to Pi Network’s post:
“Give me my damn Pi back. I worked hard on this for six years. You still haven’t mapped it. What’s the delay?”
His sentiment is echoed by many others who report recurring delays and a lack of transparency from the team. Some users are even more confused by the appearance of multiple wallet addresses under a single account, raising concerns about the reliability of the migration system.
🔹 Users Demand Clarity, Not Promises
While the Pi Core Team insists it is actively working on a solution, users say they need clear explanations, faster response times, and most importantly, immediate access to the tokens they believe they have rightfully earned.
Many are now pinning hopes on the upcoming Phase 2 update, which is expected to finally resolve KYC delays and wallet balance inconsistencies. However, the absence of a firm timeline continues to leave the community in uncertainty.
🔹 Technical Outlook: Pi Token Price Weakens
From a market perspective, the Pi token remains under pressure. In the past 24 hours, the token dropped by 1.5% to trade at $0.6286. On the daily chart, Pi is consolidating below key moving averages, with the 20-day simple moving average acting as resistance at $0.70.
The Relative Strength Index (RSI) stands at 40, suggesting low momentum. While Stochastic RSI indicates a potential short-term bounce, downside risk remains if Pi fails to break above $0.70 and attract strong buying support. A drop towards the $0.55 support zone remains possible.
🔹 Trust Is on the Line
Unless the Pi Network team takes swift and transparent action to address migration issues and restore confidence, the patience of its community may soon run out. For many, this could be a make-or-break moment in their long-term support for the project.
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