Pi Network Faces Backlash as Users Struggle with Mainnet Migration
PI Network became a viral feeling and suddenly saw strong opposition from the community, people called it another project that was exaggerated. Prior to the March 14 deadline, PI network users, known as pioneers, are getting more frustrated.
https://twitter.com/digitaladdict0/status/1898915504661963163
The network has set UTC to 8:00 am as the final deadline Understand your customer (KYC) verification and migration. Failure to reach the deadline could result in the loss of most of the PI holdings by users, except for coins mined in the past six months. The period of grace is Introduced To give users more time, many are still facing unresolved technical issues to prevent them from transferring their balances.
Seeing the network downturn, many cryptocurrencies Analyst Their concerns have been expressed on social media, demanding another extension until all technical failures have been fixed. Some users reported that their balances were not proven despite completing KYC and following the mainnet list. Others submitted votes for support, but claimed they did not receive a response from the PI network team. Criticism is the most important, with users accusing the project of being unresponsive and raising doubts about its credibility.
PI coins face huge losses in amid market uncertainty
As immigration issues continue, the decline of PI coins has dropped sharply, down 16.3% this week and is currently trading at $1.40. It has dropped by 12.2% in the last 24 hours alone. Despite the decline, some analysts still Optimisticpointed out that the upcoming PI day on March 14 is a potential catalyst for the price rebound. In addition to pressure, PI broke key support at $1.43, confirming the bearish trend, while the 50-day EMA is now at $1.74, which is currently the main resistance. If the downtrend continues, the PI can be tested for support at $1.20 or even $0.99. To reverse the power, it must recoup $1.74. Investors remain cautious about the short-term outlook for PI due to continued market volatility and binary confirmation.
at the same time, Long-standing Binance List Still uncertain. Although the PI community voted overwhelmingly (86% favored) to list the exchange of PI, second-hand stocks have not been officially announced. This lack of clarity has caused frustration among pioneers, many of whom have reviewed the platform to express their dissatisfaction. Binance and Bybit both saw a big star rating for angry users, and Bybit’s CEO had Tag Pi network scam.
As the deadline approaches quickly and no solutions are seen, the PI network is facing increasing pressure to deal with user concerns and then be confident in the project.
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