Pi Network has started its second migration phase while also rolling out the initial version of its Pi Launchpad on Testnet. The update gives users a new route to move additional Pi to Mainnet and introduces a token launch model that the project says differs from standard Web3 launchpads. The rollout comes as Pi continues to build its ecosystem around applications, developer tools, and user participation.
The Pi Core Team said second migrations will expand gradually while first migrations for eligible users continue. To qualify, users must complete Pi Wallet two-factor authentication through the Mainnet Checklist. The team said this step is required because blockchain transfers are irreversible, and stronger wallet protection reduces security risks.
The migration process also covers referral mining bonuses linked to team members who have completed KYC. That means users may need to encourage their referral teams to finish verification before those balances can move to Mainnet. The update keeps attention on utility and access rather than on exchange trading alone.
Pi Network also released the first version of Pi Launchpad as a Pi App on Testnet with a test token on March 16. According to the team, the release gives Pioneers time to understand how the process works before a Mainnet launch. The launchpad uses Design 1 from the PiRC framework, which Pi introduced as part of its Open Network anniversary plans.
Pi ecosystem activity grows as price cools
Despite these product updates, PI has not recorded fresh buying momentum. The token is trading near $0.201 after a weekly decline of 8.9% despite the recent Kraken listing. That price action shows that ecosystem progress has not yet produced a clear bullish response in the market.
Community accounts still described PI Day as an important moment for the network. Pi News Media said millions of users were marking the event while the project continued to promote a more inclusive digital economy. The message focused on user growth and network participation instead of short-term market moves.
The same update said the Pi ecosystem has expanded over the past year through more applications, stronger developer activity, and broader global awareness. That trend supports the view that Pi remains in a growth stage. Even so, traders appear to be waiting for clearer signs that network progress can translate into stronger demand for the token.
Pi News Media also pointed to a recent move toward $0.29 before the token pulled back. It described the retreat as typical volatility for a young digital asset. Even after the decline, holding near $0.20 shows that the token still attracts attention, though price strength remains limited for now.
PI price prediction points to a key support test
The daily PI/USD chart on OKX shows that the token is trying to stabilize after a sharp rejection from its recent high. Price had climbed from the $0.14 to $0.15 area into the $0.26 to $0.27 range before sellers regained control. Long upper wicks near the top indicate that buyers attempted to extend the rally, but the move failed to hold.
PI is now trading around $0.1958, close to the Bollinger Band basis near $0.1986. That area often acts as a short-term pivot. As long as price remains around this range, the market may stay in a neutral phase with room for another recovery attempt.
Momentum indicators also show a reset after the latest rally cooled. The Relative Strength Index is near 49.75, which places it in neutral territory. That reading suggests the market is no longer overbought, but it also shows that buyers have not yet regained firm control.
PI/USD 1-day price chart | Source: TradingView
On the downside, the first support zone stands between $0.193 and $0.198. If PI falls below that band, the next support levels sit near $0.180 and $0.170. Below those areas, the lower Bollinger Band near $0.1433 becomes the next level to watch.
On the upside, PI needs to reclaim $0.206 to $0.210 before traders can look toward a stronger recovery. Above that, resistance appears between $0.223 and $0.230. A break above that zone could open the way for a move toward $0.2538, which aligns with the upper Bollinger Band, followed by a possible retest of the recent spike around $0.27 to $0.29.
For now, PI remains in a cooling phase after its earlier breakout attempt. The short-term structure stays more stable while price holds above $0.19. A move above $0.21 to $0.23 would improve the chart setup, while a break below current support would place more pressure on the token.
Source: https://coinpaper.com/15494/pi-price-prediction-as-pi-network-begins-second-migration
