Daily Updates on Pi Network (PI) for August 14th
The Pi Network, a layer-1 blockchain with a focus on everyday users, is experiencing a resurgence in 2025, bringing optimism back to the community. This optimism is fueled by recent developments, including a potential second migration, a major hackathon, and continued ecosystem expansion.
Second Migration on the Horizon
A moderator for the Pi Network has indicated a potential second migration later in 2025. This migration aims to address issues surrounding referral bonuses and balances belonging to users who completed KYC (Know Your Customer) verification after the first migration. The second migration's primary objective is to unlock delayed balances, increase wallet participation, and boost liquidity within the Pi ecosystem.
Pi Network Hackathon
To further boost adoption and ecosystem diversity, Pi Network launched its first major hackathon on August 21, 2025. This event encourages developers worldwide to build apps using Pi’s ecosystem tools, with a focus on real-world utility and technical robustness. The hackathon's prize pool amounts to $160,000 in Pi tokens.
Ecosystem Expansion and Institutional Integrations
By mid-2025, the Pi Network has evolved into a multi-app ecosystem with over 60 million active users and 14 million KYC-verified participants. The ecosystem's expansion includes integrations with exchanges like OKX and Gate.io, aiming to transition Pi from a speculative asset into a functional currency for peer-to-peer payments and remittances.
On-Ramp Partners and Listings
TransFi has completed its KYB process and is now a verified third-party fiat on-ramp partner for Pi Network. Clients of TransFi's fintech platform can now buy and convert PI tokens directly with local fiat currency through the Pi Wallet. However, there is no verified information confirming TransFi’s role or the listing of Pi on Chainphon in Pi Network’s 2025 developments.
Chainphon, a Dubai-based blockchain platform, has listed Pi on its decentralized application, adding the PHONE/PI trading pair on August 12. The number of Pi tokens stored on centralized crypto exchanges recently hit a new all-time high of over 411 million.
Price Developments
Pi managed to recover 10% of its lost ground over the past week, with the current trading price of Pi just below $0.40. Alpha Crypto Signal envisions a potential rally to $0.50-$0.52 if the bullish setup holds. However, the rising figure of Pi tokens on exchanges could be interpreted as a bearish sign since it increases immediate selling pressure.
Pi Network's asset is currently forming a "clean cup and handle pattern on the 4H timeframe," according to X user Alpha Crypto Signal. This pattern suggests a potential upward movement in the near future.
TransFi, Banxa, and Onramp.money are the only KYB-verified on-ramp partners of the Pi Network project. Despite the bearish signs, the long-term price predictions hinge on the success and broader adoption of Pi Network.
[1] Pi Network Official Update [2] Pi Network Hackathon Announcement [3] Pi Network Ecosystem Expansion Report [4] TransFi KYB Verification Announcement [5] Chainphon Listing Announcement for Pi Network
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