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The Pi Network, which launched its Open Mainnet in February 2025, is stirring renewed excitement with rumors of a second mainnet migration a process aimed at transferring previously unmigrated balances to the live blockchain. For many Pi users, this could mean finally accessing referral bonuses and coins that recently became KYC-verified. 🗓️ Current Status & Community Hints While the first migration moved user balances from the testnet to the Open Mainnet, some coins remained inaccessible due to verification delays. A Pi community moderator has suggested that a second migration could occur in 2025, fueling speculation and chatter among holders. Crypto news outlets indicate that this next migration phase might coincide with broader ecosystem upgrades, including technical improvements inspired by Stellar-based protocols, potentially making the network more robust and scalable. 🔍 Why It Matters The second migration could unlock significant portions of Pi balances for users who previously couldn’t use their full holdings. This includes: Referral bonuses Newly KYC-verified coins With more balances active on the Mainnet, wallet activity and liquidity could increase, enhancing the overall usability of Pi in apps and potential trading scenarios. 📉 Market Impact & Speculation Rumors of the second migration have already triggered volatility in PI’s price, as traders speculate on the effects of unlocking additional tokens. Analysts caution that releasing too many coins at once could result in short-term sell pressure, especially if market liquidity remains limited. 😕 Community Frustration Despite widespread discussion, the Pi Core Team has yet to issue an official second migration announcement, leading to confusion. Key challenges include: KYC verification bottlenecks Migration processing and scaling issues Unclear timelines Some users report seeing migration requests in the app, but most continue to await an official rollout notification. 🧠 Summary Snapshot What’s happening: Potential second migration to onboard unmigrated balances. Why now: Unlock referral bonuses and newly verified balances. Market reaction: Speculation affecting price and sentiment. Official status: Still unconfirmed by Pi Core Team. For Pi Network holders, the next migration could be a pivotal moment in accessing their full holdings and increasing Mainnet liquidity. Users are advised to stay tuned for official updates from the Pi Core Team. $PI $BTC

In Pi Network terms, a mainnet migration is the process of transferring user balances from earlier test environments into the live Open Mainnet blockchain — where Pi coins can actually be transferred, used in apps, and potentially traded. A second migration refers to an additional round of migrations focused on balances that were not fully migrated in the first round — especially referral bonuses and balances that only recently became KYC-verified. � CoinGape +1 🗓️ Current Status & Hints Pi Network officially launched its Open Mainnet in February 2025 and began migrations from the enclosed testnet. � CoinDCX A Pi community moderator has suggested that a second mainnet migration could occur in 2025, which sparked renewed community excitement about unlocking withheld balances. � CoinGape Some crypto news outlets report that the second migration may be tied to broader ecosystem upgrades and technical readiness, including protocol upgrades following Stellar-based improvements. � DailyCoin 🔍 Why It Matters to Users The second migration is expected to bring additional balances (referral bonuses, newly KYC-verified coins) onto the Mainnet, which would increase the number of active wallets and liquidity. � Coinpedia Fintech News Many Pi users can’t fully use or transfer their full Pi holdings yet because some parts of their balances remain unverified or unmigrated — so this second wave could be significant for holders. 📉 Market Impact & Speculation Price reactions have already been observed around rumors of a second migration, with PI experiencing volatility as traders speculate on how unlocking more tokens could affect supply and sell pressure. � Coinspeaker Some analysts caution that releasing tokens too quickly might trigger selling pressure, especially if liquidity is still thin. � CoinGape 😕 Ongoing Community Frustration While rumors and hints circulate, there is no official second migration kickoff announcement yet from the Pi Core Team — causing confusion among users. Delays have stemmed from: KYC verification bottlenecks Migration processing scaling challenges Unclear official timelines from the team Users have shared mixed reports about seeing new migration requests in the app, but most community comments still emphasize waiting for an official rollout message. � Bitget 🧠 Summary Snapshot What’s happening: Pi Network may be preparing a second migration phase in 2025 to onboard previously unmigrated balances onto the Mainnet. � Why now: To unlock referral bonuses and recently verified user balances. � Market reaction: Speculation affects the PI price and community sentiment. � Official status: Still speculative — no confirmed start date from Pi Core Team. CoinGape Coinpedia Fintech News Coinspeaker$PI $BTC $ETH