09.06.2025 10:06

Pi Network users are expressing widespread concern after discovering their digital wallets show zero Pi balances, despite having completed both the Know Your Customer (KYC) verification process and the mainnet migration. This unexpected development has left many users frustrated and questioning the platform's security.

Adding to the unease, the Pi Foundation recently transferred a substantial sum of 276.5 million Pi coins from its wallet. Further compounding the issue, another 7.38 million Pi coins were withdrawn today, raising further doubts among users about the platform's financial transparency. This significant movement of funds has fueled speculation and increased anxiety within the Pi Network community.


The situation is further complicated by reports of multiple wallet addresses linked to single user profiles. This anomaly presents a significant security vulnerability, raising serious questions about the platform's ability to protect user assets and maintain data integrity. The lack of clarity regarding these multiple addresses has only heightened the uncertainty surrounding the missing tokens.


Currently trading at $0.63, the price of Pi reflects a bearish market sentiment. Technical indicators paint a grim picture, with a Relative Strength Index (RSI) suggesting the price is oversaturated and likely to decline further. The combination of missing tokens, questionable financial activity, and negative market trends creates a volatile and uncertain future for Pi Network. This confluence of events has left many investors questioning the viability of the project itself.