- Pi Network is facing growing criticism as users report missing token balances and multiple wallet issues despite completing KYC and mainnet migration.
- While recent large token transfers and the upcoming Pi Day 2 offer a glimmer of hope, the community demands urgent transparency and action from the Pi Core Team.
The Pi Network is facing a wave of backlash as users across the globe report empty wallet balances, despite having completed all necessary Know-Your-Customer (KYC) procedures and migrating to mainnet. Many users now claim their accounts display “0.00 Pi,” prompting widespread frustration and fears of foul play.
Users Report Missing Pi Balances
Numerous posts from community members reveal a troubling trend—completed KYC, migrated accounts, yet no tokens in sight. Some say they’ve waited weeks, others even longer, with no resolution in sight.
Remember to only use the Pi Wallet in the Pi Browser at exactly "https://t.co/OEifsSaA3K” in order to safeguard your Pi. Learn more: https://t.co/WFHv43Kny7
The authentic Pi Wallet is visually identified by a purple color in the navigation bar of the Pi Browser with a Pi logo…
— Pi Network (@PiCoreTeam) June 5, 2025
This growing sense of exclusion has sparked a trending outcry on social media platforms, where users are demanding transparency and timely updates from the Pi Core Team.
Wallet Confusion Fuels Panic
In addition to missing balances, confusion deepened when some users discovered multiple wallet addresses linked to their accounts—some reporting as many as three wallets under a single profile. This unexpected development has raised concerns about the network’s security and account integrity, leading some to question whether token losses could be permanent or symptomatic of a deeper flaw in the system.
Blockchain Movements Raise Eyebrows
Adding to the skepticism, blockchain data shows the Pi Foundation wallet (ending in “ODM”) recently moved over 276 million Pi coins, with an additional 7.38 million withdrawn today alone. Meanwhile, another 200 million Pi tokens were taken out of a liquidity reserve and sent to a new address, sparking fresh debate about the project’s transparency.
$PI liquidity is moving.
2 Million $PI has moved from a liquidity wallet to a new wallet.
This is probably an OTC buy.
Bullish for Pi.
Accumulation continues. #PiNetwork pic.twitter.com/LLpDIsrFnU— MOON JEFF 🪐 (@CRYPTOAD00) June 10, 2025
Crypto analyst Moon Jeff speculated this was likely an Over-the-Counter (OTC) purchase, suggesting major investors are quietly accumulating PI. While this could indicate long-term bullish sentiment, it has done little to calm fears in the short term.
Price Holds Steady—For Now
At press time, PI trades around $$0.6377 down 0.20%in the last 24 hours, not forfeiting that the asset is still nearly 50% for the month. Though still hovering near all-time lows, some analysts, like Moon Jeff, see potential for recovery. “Send $PI back to $1.2,” he urged, seeing it as a key resistance point.
Others remain skeptical, citing low investor confidence and weak project communication.
Community Demands Action
It’s been nearly three months since the Pi Core Team issued a meaningful update. In that time, user frustration has grown. From demands for a public roadmap to calls for live Q&A sessions, the pressure is mounting. Pi’s support team recently shared wallet safety tips—but failed to explain why tokens are missing or why multiple wallets are appearing.
A Glimmer of Hope
Despite the chaos, some optimism remains. Pi Day 2—scheduled for June 28—is fast approaching. Traditionally a day of announcements, users are hoping for breakthroughs such as a Binance listing, or at the very least, a clear path forward.