Pi Network’s 550M PI token transfer from its foundation wallet sparks debate about a 2025 second mainnet migration to unlock referral bonuses.
The Pi Foundation wallet transmitted 550 million PI tokens over multiple transactions in the most recent Pi Network news. Numerous pioneers are speculating about the potential significance, contending that it is associated with an imminent token migration.
Pi Network Transmits 550 Million PI in 24 Hours
Five hundred fifty million PI tokens were transferred by the Pi Foundation wallet in six large-scale transactions within a day, according to data compiled by The Times of Pi Network. The Pi Foundation accounts were the source of the individual transfers, which ranged from 50 million to 100 million PI each. Nevertheless, no official explanation has been furnished.
The transactions sparked discussions within the community regarding the token’s purpose. According to certain Pioneers, the Pi Ventures Fund, which recently invested $20 million in OpenMind, a rapidly expanding AI robotics company, may be the source of the funds.
Analysts observe that this type of on-chain activity frequently indicates strategic initiatives instead of routine operations. The foundation may be reallocating resources in anticipation of new partnerships or investments.
Some other Pioneers have conjectured that this is connected to rumors regarding the initiation of its second migration phase.
Pioneers Pose Migration Questions
The transfers have elicited responses from Pi Network enthusiasts, who have speculated that the activity may be associated with another token migration. In a post, a commentator on Pi suggested that the 550 million transfer could be a component of a second migration.
This resulted from a Pi Network moderator confirming that a second migration this year was “possible,” even though the first migration has been ongoing for years. This has prompted new expectations among Pioneers, who still anticipate transferring unverified balances and referral incentives.
Crypto analysts have observed that large transactions such as these can significantly influence the token’s performance in the market. They suggested that speculators should closely monitor the price fluctuations of PI and any potential announcements from the foundation.
For members of the Pi Community, this transfer could be of significant importance. Additionally, numerous Pi investors are still anticipating the verification of their balances. They query whether a second migration could result in additional delays or inequalities within the network.
Additionally, Woody Lightyear, a Pi expert, disclosed novel data regarding wallet distribution. He observed that over 14.4 million Mainnet users possess between 0 and 100 PI. The data emphasizes the Pi Network’s highly fragmented distribution of holdings. It underscores the fact that most Pioneers appear to maintain relatively modest balances.
Although the foundation has not yet explained the transfers, theories range from internal operations and venture capital to a possible new migration phase.
