Pi Coin Sees Buying as Mainnet Migration Jumps 60% — Risks Remain

Pi Coin is showing early signs of recovery, up almost 3% today as mainnet migrations surged. Total migrations have crossed 16.2 million, compared with 10.1 million earlier in 2025, a rise of more than 60%, reflecting more users completing verification and joining the live network.

Exchange flows have also shifted: netflow turned negative by 305,547 Pi over the past 24 hours, meaning more coins are leaving exchanges than entering. That rare buying activity comes after weeks of selling pressure and could help stabilize the token, which is still down about 10% over the past week.

Technical indicators, however, warn of further weakness. Price action forms an inverted cup-and-handle pattern, with a roughly 7% rebound that created the handle. The RSI shows a hidden bearish divergence between January 22 and February 24 — price made a lower high while RSI made a higher high.

pi coin, mainnet migrations, verification, live network, exchange flows, netflow, buying activity, selling pressure, cup-and-handle, rsi divergence