News 
March 14, 2025 
3 min. 
As Pi Network approaches its sixth anniversary on March 14, token holders are showing a mix of excitement and apprehension. While the community anticipates potential price movements and significant announcements on Pi Day, several critical issues deserve careful attention.
Despite Pi Coin’s impressive growth to an $11 billion market cap and listings on major exchanges like OKX and Bitget, token holders face important challenges that could impact their investments.
Pi Migration Deadline and KYC Requirements Create Pressure
The most pressing concern for the network participants is the impending mainnet migration deadline set for Pi Day 2025. This transition will move users from the testnet to the official blockchain launched last month, but only those who complete Know Your Customer (KYC) verification will be eligible to migrate their tokens.
The Pi Network team has emphasized there will be no extensions to this March 14, 2025 deadline. Token holders who fail to complete both KYC verification and migration risk losing the majority of their coins. With potential price appreciation expected during the Pi Day event, missing this deadline could result in significant financial losses.
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“The possibility of forfeiting accumulated tokens due to missed verification deadlines is creating legitimate anxiety among community members,” noted one crypto analyst who follows the project closely.
Centralization Risks and Exchange Speculation
A second major concern involves questions about Pi Network’s decentralization. According to data from PiScan, just six wallets belonging to the core team control approximately 62 billion tokens out of the maximum supply of 100 billion. This concentration of tokens raises questions about the project’s true decentralization and potential market vulnerability.
Meanwhile, speculation about potential new exchange listings on Pi Day has created both opportunity and uncertainty. While a major exchange announcement could drive substantial price movement, failure to secure such partnerships might disappoint investors who have factored these expectations into their holdings.
The upcoming Pi Day also represents the deadline for mainnet migration, creating a pivotal moment for the project’s development. As adoption continues to grow, including notable interest from a prominent US real estate company, token holders must weigh these opportunities against the technical and regulatory challenges that could affect their investments in the coming days.
