Pi Network users are selling accounts in the context of disappointment with account lockout.

A new trend has emerged among Pi Network users, often referred to as Pioneers, as many have had to sell their entire accounts. This change is happening to cope with the extended lockout period that prevents users from accessing or trading their Pi coin (PI), leading to increasing disappointment in the community. The mechanism of counter-locking Pi Network was initially introduced as a blockchain-based cryptocurrency that can be mined through a mobile app, enabling many users to access it. However, its locking mechanism - designed to stabilize the supply and reduce inflation - has inadvertently led to dissatisfaction among users.

According to recent data, Pi Network currently has 11.5 million accounts. Among them: 1.1 million accounts locked PI in six months, 1.6 million accounts committed to lock in one year, A staggering figure is 7.2 million accounts (62.6%) locked their PI for three years. This means that most Pi coins will not be tradable until the end of 2027 or the beginning of 2028, significantly limiting liquidity and user utility. A social media user on X (formerly known as Twitter) summed up this sentiment by saying:

"People have been mining PI for many years, thinking that they would finally see some profit. But now, most of them have locked it up for many years and regret. They wish they could sell their PI immediately." Selling accounts like a loophole Disappointed with these limitations, some Pioneers have switched to an alternative approach—selling their entire accounts, including wallet passwords. A quick search for "sell locked Pi" on social media platforms shows many offers from users wanting immediate withdrawal. A post like this has the following content:

"A friend has 2.136 Pi to sell. Pi is locked until 2027. If you buy, you will receive the full access permission password cluster." This practice highlights the financial difficulties faced by many Pioneers, who initially hoped that Pi Network would provide them with a profitable investment. Instead, they now find themselves unable to access their funds when needed. Risk when selling Pi Network account Although selling accounts may seem like a temporary solution, it also comes with significant risks, including: Security concern: Sharing passwords means at least two people have access to the same wallet, increasing the risk of theft or unauthorized transactions. Fraud: Buyers may be deceived by fake accounts or incorrect passwords, leading to financial loss. Violation of Pi Network's terms of service: Selling accounts may result in a ban or loss of Pi coins, leaving both the buyer and the seller with nothing. Migration issue and price reduction In addition to concerns about locking, Pi Network is also facing criticism for delays in moving tokens to the mainnet. Many pioneers have reported technical issues preventing balance transfers. Therefore, there are increasing calls to extend the transfer deadline to March 14th. These disappointments coincide with a significant decrease in the value of Pi Coin. Over the past week, PI has dropped by 22.2%, with a prevailing pessimistic sentiment in the market. At the time of writing, Pi Coin is trading at $1.3, down by 0.7% in the past 24 hours. Conclusion part The increasing trend of Pi Network users selling their accounts signals a deeper issue within the ecosystem. While the locking mechanism is intended to promote stability, it instead leads to impatience and financial difficulties among users. As ongoing issues persist and the value of the currency decreases, the future of Pi Network remains uncertain. Whether this platform can address these challenges or must face further dissatisfaction is yet to be seen.