Pi Network Delays Open Network Launch to Q1 2025, Raising Feasibility Concerns

The Pi Network team announced another delay in its much-anticipated Open Network launch, now pushed to Q1 2025. The announcement marks yet another instance

The much-anticipated Open Network launch by the Pi Network team has hit another snag, with the announcement that the launch will now take place in Q1 2025. This marks another instance in a string of delays by the project, sparking concerns among its community.

While the official statement cites the need for more users to complete their KYC and mainnet migrations as the reason for the delay, these repeated postponements are eroding trust. For a network that is built on a vision of inclusivity and mass adoption, these delays are having the opposite effect, creating doubt about the Pi Network’s execution capabilities. Will Q1 2025 be just another missed deadline?

User Complaints Spark Scam Allegations Amid Migration Issues

The Pi Network’s credibility has taken another blow as numerous users have reported issues migrating their Pi tokens. Complaints on forums like Reddit highlight troubling scenarios, including tokens being automatically migrated to old wallets, inaccessible funds, and confusion over wallet addresses. These incidents have sparked scam allegations.

One user shared that they lost access to their migrated Pi due to discrepancies in wallet addresses, while others have accused the team of unresponsiveness, exacerbating frustrations. These incidents raise uncomfortable questions about whether Pi Network is genuinely equipped to handle its ambitious mainnet launch.

Adding to the skepticism is the vague promise from Pi Network’s founder, Nicolas Kokkalis, who has committed to a Q1 2025 launch without specifying an exact date. For many, this non-committal timeline serves as a cautious warning, suggesting that the project might not yet have resolved its critical roadblocks. If these migration issues persist, they could cause further delays, casting even more doubt on the legitimacy of the Pi Network’s goals.

PI Coin Price Reaches $50

Meanwhile, the PI coin price reached $50 after a drop to around $40. It seems a YouTube short from the Pi Network founder Nicolas Kokkalis has PI coin users excited. Though the token is still trading as an IOU, several users are trading it. Yet, the token’s 20-day EMA (red) and 50-day EMA (purple) formed a resistance confluence near $53.2 that rebuffed the bulls’ advances.

Breaking above the immediate resistance would allow bulls to target the resistance near $57.2 before correcting.

On the other hand, a drop from here would see the PI coin price test the resistance near $47.5. Failure of the immediate support could force the token to test the support near $44.

The relative strength index for the token remained neutral, with a score of 46.09 on the daily charts.