• PI community customers are reporting the second migration immediate among the many unresolved KYC points.
• The 276m Pi token is about to unlock in June, inflicting issues concerning the sale.
• Presently, Pi Coin is buying and selling below $0.66 and is buying and selling with bearish technical indicators.

The PI community is dealing with new tensions as group frustration grasps recent waves of transition prompts and buyer (KYC) points.

These developments surfaced a couple of weeks earlier than the unlocking of large-scale PI tokens, placing extra stress on the mission’s native token, Pi Coin.

The community is trying to revive consumer engagement by way of new initiatives similar to video games and distributed apps, however the market has responded with declining confidence, reflecting the current worth efficiency of the token.

PI community consumer is getting a brand new migration immediate

Many PI community customers are pissed off with the app displaying an sudden second migration immediate.

For some, this was a shock. Particularly those that believed they’d already accomplished their first transition section.

On social media platform X, customers, together with PI community miners, who’ve been mining for some time, have expressed sturdy criticism, denounced the PI core staff’s insufficient communication and inconsistent necessities.

This pie of issues is nonsense. After years of mining, we now have been denied entry to the coin, and a few miners have claimed the mined coin for the second time. That is unacceptable, however the core staff must rethink handle the so-called PI group. I used to be very disenchanted!

– bfrancis (@bfrancis_12) June 3, 2025

Frustration is especially excessive amongst folks caught in an unresolved KYC verification state.

These customers declare that they’re being requested emigrate the stability once more, regardless of not finishing the preliminary migration on account of delays in validation.

Nonetheless, I am stacked pic.twitter.com/xlmh9yangc

– Gemechis Demelash (@gemechisdemela2) June 2, 2025

Specifically, the scenario is inflicting confusion throughout the group, because the PI core staff has not but formally confirmed the second transition section by way of its verified channels.

Unlocking 276 million PI tokens scheduled for June

Along with mount issues, the scheduled unlock of 276 million pi tokens in June can be massive, in accordance with Piscan information.

The inflow of this provide, valued at round $176 million, might flood the market.

With buying and selling volumes at the moment being curtailed and investor sentiment fragile, analysts warn that the occasion might result in vital downward stress on PI coin costs.

Previous to this unlock, the silence concerning the Pi Core staff’s main bullish growth has made emotions even worse.

Traditionally, unlocking tokens tends to set off a sale, particularly in markets that lack sturdy fundamental catalysts.

The danger of a sudden decline is actual as Pi Coin is already struggling to keep up its important assist ranges.

PI Coin Technical Evaluation

Technically, Pi Coin stays rooted in a bearish pattern. It at the moment trades round $0.6481, a decline of about 22% over the previous week.

On the 4-hour chart, the token shows an inverted cup and deal with sample. It is a basic bearish setup.

Moreover, PI is at the moment beneath the 50-day transferring common, strengthening its unfavourable outlook.

$pi Kind the reverse cup and deal with of the 4H textbook. It is a continuation of basic bearishness.

Presently buying and selling below 50mA, Momentum is supporting sellers.

Break at $0.5547 = Low Gateway at $0.40.

The pattern is weak. The construction is bearish. Care is required.#pinetwork #picoin pic.twitter.com/hyi8adqebp

– Joe Swanson (@joe_swanson057) June 2, 2025

The 12-hour chart contains a descending wedge sample.

Such a sample can point out an inversion, however on this case the wedge has no affirmation on account of inadequate decrease exams.

Indicators similar to Cash Circulate Index (MFI) and On-Stability Quantity (OBV) proceed to replicate diminished momentum and sustained gross sales stress.

PI Community Worth Forecast

Presently, the foundations of PI stay weak, with nice concern surrounding the shortage of a serious trade record, unresolved decentralization points, and the shortage of participation of low varitators.

The PI Basis manages over 92 billion tokens throughout greater than 2,000 wallets, elevating extra centralization questions.

With no bullish information and persevering with migration chaos, Pi Coin’s short-term outlook stays bleak.

Within the brief time period, the chart exhibits Pi Coin is struggling to interrupt previous the $0.66 resistance stage.

In keeping with a tweet from Crypto analyst Joe Swanson, if present assist is $0.5547, analysts consider the token might fall in direction of the psychologically vital $0.40 vary.

To reverse the pattern, the community should tackle consumer issues, clear up KYC issues, and supply tangible utilities by way of real-world purposes and broader trade lists.

With out a surge in demand, it appears unlikely within the brief time period that it could get well from its earlier highs.

The longer horizon exhibits two contrasting situations within the evaluation.

If the PI community wins widespread adoption of funds, Defi purposes and e-commerce, the token might skyrocket to $1.25 by the tip of 2025.

Nonetheless, if a mission can not transfer past hypothesis or hype, its worth might stay beneath $1.