After the news, Pi Coin has fallen by around 4% in the last 24 hours, now just above $ 0.60. While it briefly rose to $ 1.70 in the midst of the hype in mid-May over a large Pi network announcement, the rally even faded before the news went live. Since then, PI has withdrawn almost all profit, a reflection of a shift in sentiment from excitement to caution, because traders re -assess the short -term potential of the token.
Despite the completion of KYC and following all migration steps, many users report that they have seen zero balance in their portfolios, which activates a wave of recoil against the PI Network Core team. Looking at the growing frustration in the PI community, Pi Network has issued a detailed safety tip and advice for its users.
The protest was intensified after the PI core team had issued a Wallet Security Advisory and warned users to protect their seed sentences. But instead of reassurance, the post caused indignation. Users demanded answers about failed migrations, called the situation ‘a scam’ and accused the team of repeated delays.
One user, Haifeng ChenTaken out on X: “Give me back that damn Pi. I worked hard for six years. You still haven’t mapped it. What is the delay?”
Multiple portfolios, zero balance
According to different users and validators, despite the deletion of KYC and the Mainstet checklist, their portfolios still show no tokens. Some even report several wallet addresses that are generated, which contribute to the confusion and increasing doubts about the reliability of the migration system.
Leaders demand transparency
Remarkable community figure James Zito has merged The call for accountability. “I am not negative, but pioneers earn answers,” he said, urged the core team to solve the problem before Pi Day 2 on 28 June. Fellow member Dr. Altcoin repeated sentiment and said it is time for the team to reward those who have been with the project for day one.
In the meantime, he also insisted on the investors to be careful. He warned Those scammers often form like ‘helpers’, who demand half of your PI and ultimately steal the rest. He advised Pioneers to use only official PI apps and to only seek help from the core team if their wallets are affected, not from outsiders who offer paid help.
Speculation now proceeds to a potential phase 2 migration -update, which is expected to tackle KYC tracments and will resolve balance discrepanties. For now the PI community is waiting frustrated, but still hopeful.