Key notes
- Pi Price jumped more than 5% in 24 hours, now negotiating around $ 0.66. The volume of the volume increased by 66%, driven by the excitement around the first phase of main migration.
- The second migration phase is planned after the current queue, without defined date.
The PI network (PI) rallied more than 5% in the last 24 hours to exchange around $ 0.66, as well as a sharp 66% increase in the negotiation volume.
The increase in prices coincides with the first to come from the long -awaited Migration of PI, an important step for the project that has been developing since 2019.
According to the Network PI team, more than 12 million users have now completed their customer’s connotation verification (KYC), paving the way for their mining awards and other contributions to be migrated on the Mainnet.
In a recent update on X, the Pi Core team has reaffirmed its commitment on board so many pioneers, and their Pi tokens, towards the Mainnet possible.
The allocation structure of the PI food model ensures the impartial role of all the processes that affect migration speed because all other allocation buckets follow 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
The current migration phase includes the transfer of basic extraction awards, safety circle entries, locking commitments, utility application incentives and confirmed nodes rewards for eligible users.
The second migration phase, which includes reference bonuses, should start after the first queue, although no official calendar has been provided.
Tokenomics promoting fair growth
The PI distribution model is designed to synchronize with community migration. Of the 100 billion tokens struck in Genesis, only the part of migrated rewards becomes usable.
Here is Mainnet’s next migration work based on network priorities. Learn more about pic.twitter.com/gwafgrij1g
– Pi Network (@picoreteam) April 22, 2025
Currently, only 65% of the PI offer is allocated to community operation, with 10% for the Foundation, 5% for liquidity and 20% for the main team. No party can access more token until the community progresses more in its migration, which has stopped premature or sales accumulation.
In particular, long delays in the harm to Mainnet have frustrated the community, but the experts maintain that a progressive deployment could protect the network from sudden supply shocks. They expect the second wave of migration to start the second half of 2025.
Pice Perspectives
The PI I network recently faced a major sales pressure, losing 30% of its value in the last month. Some analysts have also underlined a suspicious increase in micro-door activity, potentially leading to trading patterns or a spill.
On the 4 -hour Pi price table, the RSI is 62.82 with an ascending gradient, indicating the increase in the bullish momentum. This suggests that buyers gain confidence, but a correction could occur once RSI enters the overabundant region.
A bullish escape greater than $ 0.68 with sufficient purchase volume could target $ 0.72.
Pi price tamceur | Source: Commercial view
Bollinger strips show tightening strips with the price recently touching the upper band (about $ 0.6763), indicating continuous consolidation. The intermediary band (20 -day SMA) at $ 0.6635 acts now as immediate support, while the resistance is nearly $ 0.68.
Despite the current price crisis, many analysts are considering a price target at $ 1 for PI in the middle of the main migration plans.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
