As of May 28, 2025, Pi Network mainnet withdrawals remain a central topic of concern and discussion in the crypto world. Following the highly anticipated Open Mainnet launch on February 20, 2025, users were hopeful for smooth access to their mined Pi tokens. However, the reality has presented several obstacles.
🔒 Withdrawal Challenges on Exchanges
One of the most pressing issues is the suspension of Pi withdrawals on key exchanges.
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MEXC, in particular, has seen growing user frustration due to persistent withdrawal difficulties.
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Although platforms like OKX and Bitget still support Pi trading, many users report delays, verification errors, and incomplete withdrawals.
This patchy withdrawal experience has raised concerns about liquidity, trust, and the overall readiness of the network for open market functionality.
📉 Price Crash and Market Sentiment
After a bullish start post-mainnet launch — with Pi reaching around $2.93 in late February — the token’s value has taken a steep dive. By early May, Pi was trading at roughly $0.58, a 70% drop.
Key reasons behind the crash include:
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Speculative hype and dumping
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Unresolved technical challenges
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Limited real-world use cases so far
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Ongoing withdrawal complications
🔐 KYC & Migration: The Deadline Fallout
Pi Network made KYC (Know Your Customer) and mainnet migration mandatory for full participation in the ecosystem.
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The final deadline for these steps was March 14, 2025.
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Users who failed to complete these processes lost a significant portion of their Pi — retaining only coins mined within the 6 months before the deadline.
This policy was aimed at enforcing security and network integrity but has also led to backlash from less-active users who missed the deadline.
📢 Community Reaction & Platform Outlook
The Pi Network community is growing increasingly vocal about its frustrations:
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Lack of clear communication from the Pi Core Team
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Withdrawal bottlenecks and KYC delays
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Concerns over whether Pi has delivered on its promise of a “people-powered” cryptocurrency
Despite these hurdles, the Pi Network remains committed to building a decentralized and inclusive ecosystem, and the core team continues to push for gradual rollouts and user education.
✅ What Pi Users Should Do Now
If you’re holding Pi, here are a few key steps:
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Ensure KYC is Complete
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Double-check your status in the Pi app. Without KYC, your assets may remain locked or lost.
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Use Official Channels Only
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Stick to Pi Network’s official announcements and platforms. Avoid shady third-party apps claiming to offer instant withdrawals.
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Stay Informed & Be Patient
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Like all major blockchain projects, scalability and access take time. Track developments and don’t fall for panic or scams.
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Final Thoughts
While mainnet withdrawals haven’t rolled out as seamlessly as many hoped, Pi Network is still in a formative stage. With a vast user base and a growing ecosystem, its long-term success hinges on:
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Transparent leadership
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Functional infrastructure
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Community trust
The road ahead is still uncertain, but the foundation is there. If you’re in the Pi community, now’s the time to stay sharp, stay patient, and stay informed.
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