Crypto Chaos: Pi Network’s Wild Ride and Mainnet Makeover 🎢🚀

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Pi Network (PI) decided to liven things up by jumping over 5% in the latest 24-hour sprint, flirting around $0.66 — as if it woke up thinking, “Let’s shake the crypto world!” Meanwhile, trading volume threw a party with a flashy 66% surge, proving that volume loves a good drama.

This delightful price hustle aligns neatly with Pi’s impending mainnet migration, a saga that began in the ancient times of 2019. Yes, the same year we all learned to bake sourdough bread and how to Zoom with friends awkwardly in pajama bottoms.

According to the Pi Network sages (aka the team), over 12 million brave Pioneers have valiantly completed their Know Your Customer (KYC) checks. This Herculean effort means their precious mining rewards and contributions are finally ready to board the mainnet spaceship.

Ping! A recent message from the Pi Core Team on X (the platform formerly known as Twitter) sends warm vibes and solemn vows to welcome as many pioneers and their shiny tokens as physically possible.

“The allocation structure of the Pi Supply model ensures the impartial role of any processes that affect the migration speed because all other allocation buckets track the pace of Migrated Mining Rewards.”

“It was intentionally designed to align the interests of all parties in the…”

— Pi Network (@PiCoreTeam) April 21, 2025

This first migration party includes moving base mining rewards, Security Circle contributions, locked commitments, utility app treats, and nods for eligible nodes. In other words, everyone’s favorite digital goodies are getting shuffled around.

Phase two, featuring the much-anticipated referral bonuses, is queued up but shy on official timings—like waiting for that one friend who’s always fashionably late… or just late.

Tokenomics: The Slow Dance of Fairness

Pi’s token distribution is less blitzkrieg and more slow waltz, carefully matching community migration pace. Out of the 100 billion tokens birthed at the network’s genesis, only the slice tied to migrated rewards is “live and kicking.”

“Here’s the upcoming Mainnet migration work based on the network’s priorities. Learn more at”

— Pi Network (@PiCoreTeam) April 22, 2025

Right now, just 65% of Pi’s token stash is thrown into communal mining, with 10% stashed for the foundation, 5% fluid for liquidity, and 20% reserved for the Core Team—the same folks who probably don’t eat as much pizza as they should given the workload.

This gatekeeper-style token lockup stops anyone from going crypto-crazy early on, preventing a race to dump tokens that would otherwise turn this celebration into an awkward family reunion nobody wants to attend.

Yes, waiting has been tougher than a two-dollar steak for the community, but crypto pundits argue that this slow drip rollout could protect the network from those dreaded “supply shocks”—think of it as easing into the pool instead of cannonballing in. The next wave might splash sometime in the latter half of 2025.

The Rollercoaster That Is PI Price

Recent times haven’t been all sunshine and rainbows for PI, as it felt the sting of selling pressure, losing roughly 30% of its value in just a month. Cue suspicious micro wallet activity that some say looks like wash trading fancy footwork or a dump party gone wild.

Looking at the 4-hour PI price chart, the RSI is chilling at 62.82, pointing skyward with bullish joy—which means someone in crypto land is getting excited, but don’t pop the champagne yet; it might correct itself faster than you can say “blockchain.”

If the price can break through $0.68 backed by some solid buying enthusiasm, it might even eye $0.72—because who doesn’t love a bit of optimism sprinkled on their tokens?

PI’s price chart | Source: Trading View

Bollinger Bands are doing that tightrope act thing again, with price flirting with the upper band around $0.6763. The trusty middle band, aka the 20-day SMA, lounges at $0.6635 like a comfy couch, ready to catch any stumbles, while resistance sits near $0.68, giving traders some thrilling cliffhanger moments.

Despite the price gloom, many analysts are still whispering sweet nothings in PI’s ear, imagining a future where the price hits $1, riding on the hopeful winds of mainnet migration. Optimism, after all, is the fuel of the crypto dreamers. 🚀🪙

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2025-04-23 17:17