Pi Network Unlocks 200% Lockup Feature Ahead of Second Migration Phase

In a major development for the Pi Network ecosystem, a new button has appeared in Pioneers’ wallets, signaling the start of the second migration phase. This update enables all users to initiate fully functional Lockups—up to 200% of their Mainnet balance—marking a strategic shift in how Pi incentivizes long-term participation and manages token liquidity.

The announcement, shared by @Brianmanpi, has sparked widespread excitement and speculation. With whales potentially preparing to move large volumes of Pi, the community is watching closely to see how this feature will reshape the network’s economic dynamics.

What Is the Second Migration?

The second migration refers to the next wave of Mainnet onboarding, targeting users whose balances remain stuck due to referral bonuses, delayed KYC verification, or incomplete migration steps. According to, this phase is expected to unlock a substantial portion of previously inaccessible Pi, increasing wallet activity and ecosystem liquidity.

Unlike the first migration, which focused on verified balances and infrastructure setup, the second migration aims to resolve long-standing issues and bring more users into full Mainnet functionality.

The 200% Lockup: How It Works

The newly activated Lockup feature allows users to lock up to 200% of their migrated Pi balance. This is particularly relevant for users who have earned additional Pi through apps, commerce, or ecosystem rewards. As explained in the, Lockups are irreversible once confirmed and follow a reward mechanism that boosts mining rates based on duration and amount.

There are two types of Lockups:

• Pre-Migration Lockup: Configured before migration, affecting future balances.

• Post-Migration Lockup: Applied directly to Mainnet Pi, available immediately after confirmation.

The 200% Lockup is exclusive to post-migration users and is designed to incentivize long-term holding while reducing circulating supply.

Why This Matters for the Ecosystem

The Lockup mechanism serves multiple strategic purposes:

• It reduces short-term selling pressure by encouraging users to commit their Pi for extended periods.

• It boosts mining rates, rewarding users who support network stability.

• It signals maturity in Pi’s tokenomics, aligning with broader goals of decentralization and utility.

With whales potentially entering Lockup positions, the network could see a shift in liquidity patterns, price behavior, and governance influence.

Market Implications and Whale Activity

As of early September, Picoin trades between $0.32 and $0.35, with analysts warning of volatility due to token unlocks and delayed exchange listings. The second migration and Lockup activation could inject new liquidity into the market, but also raise concerns about oversupply.

If large holders—often referred to as whales—begin locking significant volumes, it could stabilize price and signal confidence in Pi’s long-term value. Conversely, if unlocked tokens are dumped, it may trigger short-term corrections.

The community is watching closely, asking: will whales lock or liquidate?

Technical Readiness and Infrastructure

Pi Network’s infrastructure is well-positioned to support this transition. The launch of Protocol v23.01 introduced:

• Smart contract support via Soroban

• Parallel transaction processing for scalability

• Decentralized KYC aligned with ERC-3643 standards

• Biometric authentication via Passkey

• Linux Node expansion for institutional-grade deployment

These upgrades ensure that Pi can handle increased transaction volume, secure identity verification, and support decentralized applications built on top of the network.

🚨 🚀 Breaking News

New Button arrives in Pioneers wallets everywhere
Prepare for Second Migration.

They now allow fully functional lockup for everyone up to 200% of your balance.

Test your lock-up 🔐 .
How much can you lock. 🤔
Will the Pi Network whales begin to move?… pic.twitter.com/pMaSjltjI3

— Pi Network Excitement USA Models For Pi (@Brianmanpi) September 5, 2025

Developer Engagement and Ecosystem Growth

The Pi Hackathon 2025, running through mid-October, has already produced over 80 decentralized applications. Developers are leveraging Pi App Studio and PiOS to build tools for commerce, education, and identity services.

This surge in innovation reflects growing confidence in Pi’s infrastructure and its potential to support real-world use cases. As more apps go live, the utility of Picoin increases, reinforcing the value of long-term Lockups.

Governance and Decentralization Challenges

Despite progress, Pi Network still faces governance concerns. With 82.8% of token supply under Core Team control, questions remain about decentralization and transparency. The open-source transition is underway, but full community governance is still in development.

The Lockup feature may help distribute influence more evenly, especially if whales and early adopters commit to long-term engagement. However, the network must continue to prioritize fairness and clarity in its governance roadmap.

What Comes Next

Looking ahead, Pi Network’s roadmap includes:

• Completion of the second migration phase

• Full deployment of Soroban smart contracts

• Expansion of staking and DAO governance

• Launch of Pi-powered marketplaces and identity services

• Potential listings on major exchanges and institutional platforms

These milestones will determine whether Pi can sustain its momentum and fulfill its vision as a foundational layer in the Web3 economy.

Conclusion: A Strategic Shift in Motion

With the arrival of the 200% Lockup button and the second migration underway, Pi Network is entering a new phase of strategic maturity. The decisions users make now—how much to lock, how long to commit—will shape the future of the ecosystem.

Whether whales move or wait, whether prices rise or stabilize, one thing is clear: Pi Network is no longer just preparing for the future. It’s building it.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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