TLDR
- Pi Network released updated guidelines to help users complete first and second token migrations.
- The Core Team requires users to enable wallet two-factor authentication before token transfers.
- More than 119000 users completed second migrations by the end of March.
- Many users continue to report delays and remain stuck in the KYC verification stages.
- PI price has fallen over 8% in the past week and trades near $0.17.
Pi Network released updated migration guidelines as users continue reporting delays in token transfers. The team asked users to complete wallet security steps to finalize first and second migrations. Meanwhile, PI price declined over 8% this week and trades near $0.17.
Pi Network Updates Migration Process and 2FA Requirement
Pi Network addressed user complaints about delayed token transfers and ongoing KYC bottlenecks. The Core Team published fresh instructions to clarify steps for second migrations. The update followed continued criticism on social platform X.
To complete first or second migrations, Pioneers must set up Pi Wallet two-factor authentication (2FA) through Step 3 of the Mainnet Checklist.
This step is required to further strengthen account and wallet security before real Pi is transferred, an irreversible and immutable… pic.twitter.com/1Q9Zk2vPzU
— Pi Network (@PiCoreTeam) April 2, 2026
The team stated that Pioneers must enable wallet two-factor authentication through Step 3 of the Mainnet checklist. It said this action will “further strengthen the account and wallet security” before transfers. The guideline applies to both first and second migration processes.
Second migrations aim to move mined tokens from the enclosed network to the Mainnet. The team introduced this feature during its March 14 Pi Day announcement. It described the update as a direct response to long-standing community requests.
Since the announcement, over 119,000 users reportedly completed second migrations by late March. However, many users claim they remain stuck in the KYC verification stages. Comments under official posts highlight months-long waits for token approval.
The team acknowledged concerns and reiterated that users must follow the Mainnet checklist carefully. It emphasized that wallet security steps remain mandatory before any transfer occurs. The clarification seeks to streamline pending migrations.
PI Token Extends Decline After Kraken Listing
PI reached about $0.30 in mid-March after Kraken confirmed its listing plans. The token began trading shortly after that announcement. Sellers then pushed the price below $0.20 within days.
Market data shows PI has moved mostly sideways since that drop. The token lost over 8% during the past week. It also fell nearly 4% in the last 24 hours.
PI touched $0.167 earlier before posting a minor rebound. However, the token still struggles to reclaim the $0.17 level. Trading activity remains steady, but price recovery remains limited.
Token unlock data indicates further supply pressure in the coming weeks. Around 8 million tokens are scheduled for average monthly release. Several upcoming days will see more than 18 million tokens unlocked.
These unlock events could increase the circulating supply during a weak price phase. The project has not announced changes to the unlock schedule. PI continues to trade below its mid-March peak of $0.30.
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