As PI Day approaches, the clock is ticking for Pi Network users as the threat of losing their hard-earned Pi coins looms large.

The looming risk stems from the frustration brewing among users over the hurdles they face in completing the mandatory Know Your Customer (KYC) verification process.

In an urgent announcement made in late February, the Pi Network team emphasized the critical importance of users completing KYC and transferring their balances to Mainnet before the extended grace period expires at 8:00 AM UTC on March 14, 2025. Failure to do so, the announcement warns, could result in the loss of most of their mobile balances.

The gravity of the situation has stirred a storm of discontent among Pi Network Pioneers. Many have taken to platforms like X (Twitter) to vent their frustrations, citing challenges in completing KYC. For crypto enthusiast Rod Thompson, the stakes are high with potentially losing up to 10,000 PI Coins.

The outcry extends beyond Thompson, with users raising questions about the fairness of the Pi Network system. From delayed KYC approvals to discrepancies in reward distribution, concerns are rife about the platform's operation.

Adding fuel to the fire are reports of centralization criticisms and migration delays, amplifying doubts about Pi Network's long-term sustainability. Amidst the chaos, some users have resorted to selling their PI Coin accounts on unofficial channels due to frustration with the migration process.

Despite the ongoing challenges and community dissatisfaction, the price of PI Coin has experienced a notable uptick in anticipation of Pi Day. However, as technical issues persist and skepticism lingers, the future trajectory of PI Coin remains uncertain.