Crypto Trader Warns: Move Your Pi Coins To Pi Wallet Before March 14
Why Trust Cryptonews
Crypto trader Alts King has warned Pi Network users to transfer their Pi coins to their Pi Wallet before March 14 to avoid potential risks.
The trader, with over 12,000 followers on Binance Square, said there are rumors that Pi Network may introduce a price update on March 14, potentially setting a fixed value for Pi in the Pi Vault.
If this happens, Pi stored in Pi Wallets may be priced differently from Pi on centralized exchanges, creating a price gap.
Pi Transfers After March 14 May Face Value Changes, Trader Warns
The trader also speculated that if users attempt to transfer Pi back to their wallets after March 14, its value might not remain the same.
This could affect trading strategies and market demand, potentially driving up Pi’s price on exchanges—but at a slower pace compared to wallet-held Pi.
Currently, transferring Pi between wallets and exchanges is unrestricted.
However, if the Pi Vault introduces a price adjustment, some exchanges may limit withdrawals, preventing users from moving their Pi back to their wallets.
This restriction could leave traders unable to capitalize on any potential price increase within the Pi ecosystem.
Beyond price speculation, rumors suggest Pi Network may launch its own exchange, offering trading opportunities for new tokens built on the Pi blockchain.
“Soon, projects on the Pi blockchain may allow users to purchase tokens using Pi, potentially boosting its market value—similar to how BNB surged from just a few dollars to over $700 in a few years,” Alts King wrote.
While the trader’s claims remain speculative, there is an official deadline on March 14, 2025—the end of Pi Network’s Grace Period.
Pi Core Team has confirmed that this is the final extension for users to complete KYC verification and migrate Pi coins to the Mainnet.
Unverified and unclaimed mobile balances will be forfeited after the deadline.
As of now, Pi Coin is trading at $1.74, up by more than 6% over the past day, according to data from CoinMarketCap.
With a market cap of over $12.3 billion, Pi is currently the 11th largest cryptocurrency in the market.
Pi Network Finally Launches Open Mainnet
Last month, Pi Network launched its long-awaited mainnet, dubbed the “Open Network,” allowing users to engage with centralized exchanges and businesses outside the Pi ecosystem.
The launch of Pi Network’s Open Network introduced external connectivity to its layer-1 blockchain, allowing users (Pioneers) and businesses to interact with systems beyond the Pi ecosystem.
The transition enables broader transaction capabilities and external integration, with the Core Team gradually inviting trusted users to move their nodes from the Testnet to the Mainnet.
The Open Network launch follows the completion of key conditions set in December 2023.
Per the team, over 19 million Pioneers have completed KYC, surpassing the 15 million target, and more than 10.14 million users have migrated to the Mainnet.
The network now boasts over 100 Mainnet-ready apps, meeting its ecosystem development goals.
- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- Value Creation Joins Japanese Corporate Bitcoin-Buying Frenzy
- Market Shows Signs of Recovery as Fed Confirms 2025 Rate Cuts
- Kraken Moves to Capture Futures Trading With $1.5B NinjaTrader Acquisition: Report
Best Bitcoin & Crypto Wallet
More Articles
in numbers
