Pi 2nd Migration & Binance Listing Prediction by Experts

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1. Pi Core Team’s Official Second Migration Roadmap

The Pi Core Team laid out a clear three-phase Mainnet migration roadmap during April 2022, reaffirmed in several updates :

1. First migrations—Completed for KYC‑verified pioneers, including verified mining rewards, security circle rewards, lockup rewards, utility app usage rewards, and node operation rewards.

2. Second migrations—Must include referral mining bonuses for users whose referral teams have passed KYC .

3. Periodic migrations—Future waves (monthly or quarterly) encompassing all remaining bonuses .

As of today, Phase One is well underway—with over 12 million users successfully migrated. This is touted as a major technical achievement given the scale—tens of millions of users migrating audited mining records with KYC validation .

Regarding Phase Two, the Core Team hasn’t released official dates—only that priority will shift to include referral bonuses once the current queue completes . Industry analysts believe Q2–Q3 2025 is likely, as long as Phase One wraps up timely .

2. Ongoing Migration Challenges

Despite progress, migration has encountered friction. A June 18 Cointelegraph article reports technical issues with KYC syncing, 2‑factor email authentication, and wallet integration during migration on June 28, 2025 . Users report:

Wallet balances stuck or reset after KYC completion.

2FA email links expired or never arriving, forcing migration restarts.

System reverting tokens into the app rather than migrating them .

Unofficial community voices on Reddit reflect frustration:

> “My first migration was completed, but then my KYC status suddenly changed to ‘tentative’ …”

> “I’ve had nothing … waiting for like 6 months. My wallet balance is still 0.”

While slow, the Core Team emphasizes their commitment to transparency, fairness, and anti‑fraud measures—critical for securing honest migration at this unprecedented scale .

3. When Will Pi 2nd Migration Begin?

Officially, no date has been announced for the second migration wave . However:

Core Team communications confirm that once Phase One completes, Phase Two with referral bonus distribution will follow .

Analysis from Bitget and Binance News points to a likely timeframe in Q2 or Q3 2025 .

Therefore, while delays and technical hangups persist, the expectation across official sources and expert analysts is that second migration will happen later this year.

4. Is Binance Going to List Pi? What’s Official?

✅ Current Status

As of mid‑July 2025:

No official announcement from Binance or Pi Core Team confirms that Pi is listed or scheduled to be listed on Binance .

A Binance Square fact-check explicitly states Pi coin is not available and rumors are untrue .

Rumors & Speculation (Only Permitted Facts)

Binance previously ran a “Vote to List” including Pi—but these are community polls, not confirmations, and meeting criteria remains at Binance’s discretion .

Independent analysis observes wallet activity from Binance’s Stellar test environment—suggesting internal preparation—but crucially, no official listing confirmation was made .

Expert Take

Binance posts on Square suggest caution: Pi remains enclosed mainnet, non‑tradable externally, so doesn’t yet meet Binance’s listing criteria on regulatory compliance, liquidity, decentralization, or volume .

In short:

No listing yet.

No date or confirmation expected soon.

Binance’s internal signals (votes, wallet probes) do not equal formal listing .

🕰️ 🕰️ Summary & Outlook

Topic Status

2nd Migration Timing No firm date yet; expected Q2–Q3 2025 once Phase One completes

Technical Issues KYC, 2FA, wallet sync are causing delays—teams working on resolution

Binance Listing Not yet listed; rumor checked and denied by Binance; no confirmation.

🔍 Bottom line: Migration progress is real and measurable—Phase One ongoing, with Phase Two imminent once technical challenges are resolved. However, a Binance listing remains speculative—with no confirmation from either party. Experts maintain that Pi must first transition from an “enclosed mainnet” to a fully open, compliant, and liquid asset before Binance or similarly regulated exchanges proceed.

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