The Pi community has been buzzing with talk of a possible second migration in 2025. This chatter picked up after a moderator hinted that another round of migrations could take place, aimed at unlocking referral bonuses and recently KYC-approved balances that are still stuck. The news has sparked excitement among pioneers, but also raised questions about timing and impact on price.
Why a Second Migration Matters
Migration in Pi’s world is basically the process of moving balances from the enclosed testnet into the live mainnet, where tokens can be used. The first migration helped early users transfer their balances and proved the network could scale. But many tokens, including referral bonuses and KYC-pending balances, were left behind.
On this, the Team clarified, the second migration would finally give users access to these rewards, expand the number of active wallets, and bring more liquidity into the ecosystem. For many pioneers, this is the missing piece they’ve been waiting on.
Not everyone is cheering just yet. Analysts warn that unlocking too many tokens at once could flood the market. With Pi’s price currently moving between $0.30 and $0.40, there’s a real risk of selling pressure if large amounts of Pi suddenly hit circulation. This is why the Pi Core Team may be taking a cautious approach, spacing out migrations to avoid a sharp price drop.
Signs Pointing to Progress
Community influencer Woody Lightyear highlighted the moderator’s remarks on X, sparking speculation across Pi channels. Further hints emerged when the Pi Core Team issued a reminder for users to enable two-factor authentication in their wallets, a key step in the migration checklist. Though framed as a security update, the timing fueled speculation that preparations for a second migration are already underway.
At the same time, Pi is strengthening its ecosystem foundations. The Pi Hackathon has been launched to encourage developers to build decentralized applications, ensuring real use cases for Pi coins once more tokens migrate to the mainnet. This focus on utility is designed to keep demand strong even after referral bonuses are unlocked.
Pi’s growth isn’t just about moving tokens; it’s also about preparing for the future. With Stellar, a Pi partner, joining the ERC-3643 Association to promote real-world asset tokenization, Pi could be positioning itself to play a role in regulated digital asset markets down the line.
Strategic Moves Continue in the Background
Beyond the migration buzz, Pi is pushing ahead with ecosystem development:
- The Pi Hackathon 2025 is underway, bringing developers on board to build real-world decentralized applications, but it has received mixed reviews from the community.
- Moreover, keeping the user security in focus, the teams are pressing pioneers to enable two-factor authentication (2FA) in their wallets, another hint that migration preparations are ramping up.
