Pi Network Shakes: Platform Wallet Discovered Huge Transactions, Community in Upheaval

In the last 24 hours, more than 550 million PI tokens have been transferred from the Pi Foundation's fund wallet through 6 transactions, each transaction ranging from 50 to 100 million PI. The lack of official announcements from this organization has raised many speculations within the Pioneers community. Some people believe that this is a preparation step for venture investments, similar to how Pi Ventures once invested 20 million USD in the AI startup OpenMind. Some others believe that this may be related to internal restructuring or preparing for a major announcement. Concerns About the Second Migration Phase The most common hypothesis in the community is that these transactions may be linked to the second migration phase. Previously, the first migration process lasted for many years and there are still many users who have not completed verifying their balances or receiving referral rewards. A manager once hinted that "a new wave of migration could occur this year", further intensifying speculation. However, analysts warn: "Significant on-chain shifts are rarely routine; they are often associated with partnerships, fund management, or structural upgrades." Concerns of Retail Investors Additionally, research by Pi researcher Woody Lightyear shows that over 14.4 million Mainnet users hold less than 100 PI, reflecting a significant distribution within the community. This means that decisions from the Foundation can have a strong and asymmetric impact on small wallets. While many investors hope this is a signal preparing for a new advance, some are concerned that prolonged migration may continue to cause delays and widen the gap between those who have been verified and those who are still stuck.