Pi Network (PI) Price News & Analysis: New Migration Roadmap Trigger the Path to $5?

TLDR

5.6 million Pi tokens are set to unlock today (April 21, 2025) Pi Network recently released a three-phase Mainnet Migration Roadmap without specific timelines Pi Coin is currently trading around $0.63-$0.65, with $0.60 acting as strong support Pi Network founder Nicolas Kokkalis will speak at Consensus 2025 alongside prominent figures Community concerns persist about migration clarity and token transparency

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Pi Network has recently unveiled its long-awaited Mainnet Migration Roadmap, dividing the process into three phases while simultaneously navigating scheduled token unlocks that could impact price movement.

The Pi Coin, currently trading around $0.63-$0.65, has mostly traded sideways over the past few days, experiencing a brief 4% price bump following the roadmap announcement before settling back down.

Today marks an important day for Pi Network as 5.6 million tokens are scheduled to unlock. This follows a larger 108.9 million Pi token unlock event earlier this month.

The newly released migration roadmap outlines a structured three-phase approach for transitioning users to the mainnet, though the absence of specific timelines has frustrated many community members.

A Mainnet migration roadmap based on the network’s priorities is now available. https://t.co/fFqpZcgA8M

The roadmap outlines how first migrations, second migrations with referral bonuses, and ongoing migrations on a regular basis will be prioritized in that order. The blog also…

— Pi Network (@PiCoreTeam) April 18, 2025

Migration Plan Details

The first phase will prioritize KYC-verified users and reward contributions from mining, Security Circles, locked-up tokens, utility apps, and Node operators.

Phase two will add referral mining bonuses, but only for those with fully KYC-verified referral teams.

The final phase will involve ongoing periodic migrations, potentially monthly or quarterly, completing the transition for all remaining users.

According to Pi Network, over 12 million users have successfully migrated so far, which they describe as a remarkable achievement for a new blockchain that developed its KYC and migration systems from scratch with no cost to users.

Despite these advancements, many users report tapping the “claim” button daily only to find zero rewards in their wallets, while others say they’ve received only partial transfers with no explanation.

Price Indicators and Market Response

Pi Coin has lost more than 45% of its value over the past month, though it has shown some resilience with $0.60 acting as strong support.

Currently, Pi is testing key resistance around $0.66. A breakout above this level could potentially trigger a move toward $0.789 or even $0.858, setting the stage for a stronger bullish trend.

PI Network (PI) Price

If momentum continues, higher targets at $1.23 and $1.79 could become possible. However, failure to break $0.66 may result in a pullback toward support zones near $0.54 or even $0.40.

Some analysts remain optimistic, suggesting that a path to $5 is still possible if the project continues to deliver on its roadmap and expands its use cases.

Upcoming Catalyst Events

Excitement is building around Pi Network’s upcoming appearance at Consensus 2025, one of the largest events in the crypto industry.

Founder and Head of Technology Nicolas Kokkalis is scheduled to speak alongside notable figures like Eric Trump and Robert Hines, an executive advisor on digital assets for the White House.

Kokkalis’ inclusion in the speaker lineup is being viewed as a milestone for Pi Network, potentially signaling growing credibility and relevance in the larger Web3 space.

Analyst Dr. Altcoin views the event as a defining moment and has called on the Pi Core Team to expedite KYB (Know Your Business) approvals and accelerate DApp launches across the network.

With the token unlock scheduled for today and the project’s founder appearing on a major platform, the coming weeks could prove crucial for Pi Network’s future trajectory.

Pi Network also took the opportunity to clarify its tokenomics model. The total supply is set to a maximum of 100 billion Pi, distributed as follows: 65% for community mining rewards, 10% for foundation reserves, 5% for liquidity, and 20% for the Core Team.

The network emphasized that all allocations remain proportional to the number of Migrated Mining Rewards, and no group can accelerate its share independently.

Despite this clarification, the network has yet to release updated figures on how many tokens have already migrated or how many users remain in the queue.

The “Transferable Balance” display in the Pi app has become particularly controversial. The project team says it was intentionally designed to display a conservative estimate to conserve system resources.

As Pi Network navigates these challenges, the market’s response to today’s token unlock and the practical implementation of the migration roadmap will likely determine its short-term price movement.

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