TLDR

• Ping Fai Yuen alleges his estranged spouse Fun Yung Li accessed 2,323 Bitcoin from his Trezor wallet in August 2023 by recording his seed phrase via household surveillance cameras
• The cryptocurrency held a value near $60 million when allegedly stolen but has since appreciated to approximately $172 million
• The digital assets were distributed across 71 different blockchain addresses with no transaction activity recorded after December 21, 2023
• While dismissing the primary conversion claim, a UK High Court judge permitted the case to advance on alternative legal grounds
• Justice Cotter determined the husband possesses “a very high probability of success” and advised scheduling an expedited trial

Ping Fai Yuen, a British man, alleges that his estranged spouse Fun Yung Li covertly captured the 24-word seed phrase for his Trezor hardware wallet through domestic surveillance equipment. According to his claims, she subsequently utilized this information to authorize the unauthorized transfer of 2,323 Bitcoin in August 2023.

The Bitcoin held an estimated value approaching $60 million during the alleged incident. Based on current market prices hovering around $74,000 per token, the holdings are now worth approximately $172 million.

The disputed cryptocurrency moved through multiple transactions before settling into 71 distinct blockchain addresses. Court filings indicate these addresses have remained dormant with zero recorded movements since December 21, 2023.

According to Yuen’s testimony, his daughter alerted him to his wife’s alleged intentions to appropriate the Bitcoin. Following this warning, he deployed audio surveillance technology throughout their residence. He asserts these recordings document his wife deliberating about the theft and strategizing methods to transfer substantial funds while avoiding scrutiny from financial institutions and law enforcement.

Law enforcement officials arrested Li and confiscated multiple cold storage wallets and timepieces during a residence search. She was subsequently released under bail conditions. Authorities eventually determined no additional action would be pursued unless fresh evidence emerged.

Legal Battle Over Crypto Property Rights

This case presents a fundamental legal question: can Bitcoin be classified as property under current English legal frameworks?

Li’s legal representatives petitioned for case dismissal. They contended that Yuen’s primary allegation centered on conversion, a legal doctrine in England historically applicable exclusively to tangible property and incompatible with digital assets such as Bitcoin.

The presiding judge concurred that conversion was inapplicable. Nevertheless, Justice Cotter determined the proceedings could advance to trial based on alternative legal theories that might enable Yuen to reclaim the Bitcoin should his accusations be substantiated.

In an unrelated September 2024 incident, a physical altercation occurred between Ping and Li. Yuen subsequently entered guilty pleas to assault occasioning actual bodily harm plus two counts of common assault.

Yuen has additionally informed the court of his suspicion that the 71 Bitcoin addresses have been subjected to a dusting attack. These attacks involve transmitting minimal cryptocurrency amounts to wallets for tracking purposes and potentially identifying valuable holders for phishing schemes and additional fraudulent activities.

Judge: Evidence Is “Damning”

In November 2024, Yuen filed for an asset preservation injunction requesting the court freeze the cryptocurrency, formally recognize his ownership rights, and either restore the Bitcoin or compensate him with equivalent cash value.

Justice Cotter documented that Yuen possesses “a very high probability of success,” citing the audio documentation and the hardware discovered during Li’s residence search.

“The transcripts are damning,” Cotter stated, noting that Li provided no justification for the Bitcoin transfers.

Justice Cotter further advocated for an accelerated trial, characterizing it as “necessary given the security threats to, and volatility of value of, the Bitcoin.”

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TLDR

• Solana experienced a 7%+ rally within 24 hours, touching $97.67 while the overall crypto market gained approximately 3.6%.
• The network’s total value locked increased by 25% throughout the past 30 days, demonstrating renewed investor confidence.
• SOL maintains trading above the $92 mark and its 100-hour simple moving average, with bullish support establishing at $94.
• Critical resistance points are positioned at $98 and $100, while downside support exists at $92 and $88.
• The token has appreciated over 40% since hitting its February bottom, as the RSI indicator advances toward 60 from previously oversold territory.

Solana has delivered an impressive 24-hour performance, rallying more than 7% to peak at $97.67 before experiencing a modest retracement to settle around the $95 zone. This upward movement coincides with a broader cryptocurrency market recovery that saw gains of approximately 3.6% during the identical timeframe.

Currently, SOL maintains its position above the $92 threshold and trades above its 100-hour simple moving average. Technical analysis reveals a bullish trend line forming with critical support established at $94 on the hourly timeframe, according to data sourced from Kraken.

Critical Resistance Zones Emerge

The cryptocurrency now encounters resistance around the $95 level, with the subsequent barrier positioned at $98. The psychologically significant $100 threshold represents the primary challenge ahead. Successfully breaking and closing above $100 could pave the way toward $105, with potential extension to $112.

Conversely, should SOL fail to maintain support above $92, the next cushion sits at $88. Breaking beneath $88 would likely bring the $82 level into play.

While the recent upswing correlates with broader market stabilization, Solana has notably outpaced the majority of alternative top-10 cryptocurrencies during this same period.

On-Chain Metrics Validate Price Action

The total value locked within Solana’s ecosystem expanded by 25% over the preceding 30-day period. This metric, which quantifies the amount of capital deployed within a blockchain’s infrastructure, indicates accelerating platform utilization when showing this magnitude of growth.

Continuous developer engagement and consistent decentralized application deployments across the network have persisted. These fundamental on-chain indicators have contributed to supporting the current bullish price trajectory.

Solana has appreciated more than 40% from its February trough. The Relative Strength Index has recovered toward the 60 threshold after rebounding from oversold conditions experienced earlier this year.

Price action has been oscillating within a range bounded by $80 support and $95 resistance throughout recent weeks, creating a consolidation formation that market participants frequently monitor for potential breakout opportunities.

The 200-day moving average continues to reside above present price levels, suggesting the long-term directional bias hasn’t completely reversed yet.

SOL is currently valued at approximately $94.62, commanding a market capitalization near $54 billion, with a 52-week trading range spanning from $70.61 to $252.78.

Key Highlights

• XRP posted an 11% gain over the past seven days, reaching $1.53 and surpassing BNB to retake the fourth position by market capitalization at $93.4 billion.
• Binance futures open interest increased 59% since October 2025, reaching 353 million XRP as traders add leveraged positions during the uptrend.
• Veteran holders added more than 351 million XRP on March 1 alone, marking the most significant daily accumulation in recent months.
• XRP exchange-traded funds experienced $28 million in net withdrawals during the previous week as institutional participation declined while retail activity strengthens.
• The $1.55 price level continues to serve as significant resistance, with recent bearish price action suggesting potential for short-term correction.

XRP experienced notable upward momentum throughout the past week, advancing 11% to settle near $1.53 as of March 17, 2026. This price action enabled the digital asset to leapfrog BNB, reclaiming the fourth position among cryptocurrencies by total market value at $93.4 billion.

Daily transaction volume surged by 125% to reach $3.22 billion as the token breached a critical resistance threshold around $1.40. This price point had capped upward movement for several weeks, making the breakthrough particularly noteworthy for market participants.

This upward movement unfolds against a backdrop of significant macroeconomic stress. Brent crude oil continues trading near $100 per barrel following persistent supply chain complications in the Strait of Hormuz related to the Iran situation, which has now extended into its third week.

Long-Term Investors Increase Positions Despite Global Uncertainty

Contrary to typical risk-off behavior during periods of macroeconomic stress, XRP’s established holders have intensified their accumulation activities.

Data from Glassnode reveals that long-term holders accumulated more than 351 million XRP on March 1, occurring just one day following the escalation of the Iran conflict. This represents the most substantial single-day accumulation recorded in several months.

This accumulation pattern has persisted throughout the subsequent period, with consistent net purchasing driving the indicator to its strongest monthly reading since May 2025. Such on-chain behavior typically emerges during market recovery cycles.

Retail participation is showing renewed strength as well. XRP futures open interest expanded to $2.66 billion on Monday, climbing from $2.56 billion recorded the previous day. The Fear & Greed Index improved to 23 from 8 the week prior, although it continues to reflect extreme fear conditions.

Institutional Flows and Token Distribution Controversy

Institutional capital has shifted away from XRP products recently. Investment vehicles tracking XRP registered $76 million in net outflows last week, with exchange-traded funds representing $28 million of that total. Monthly outflows have accumulated to $133 million, reducing total assets under management to $2.4 billion.

Ripple Labs is simultaneously confronting scrutiny regarding its token distribution practices. Industry observers have questioned whether the company’s sale of premined XRP to retail participants, followed by deployment of those funds toward acquisitions, non-XRP initiatives, and equity buybacks, creates an imbalanced value proposition.

Ripple’s Chief Technology Officer David Schwartz has addressed these concerns, though detractors maintain the current structure disproportionately advantages Ripple Labs shareholders over XRP token holders.

From a chart perspective, XRP encountered rejection near its 50-day exponential moving average at $1.55. The digital asset continues trading beneath both its 50-day and 200-day exponential moving averages. A definitive close above $1.60 would be required to signal a meaningful trend reversal.

Binance open interest registered 353.49 million XRP on March 17, nearing but remaining below the pre-correction high of 400 million observed in September 2025.

TLDR

• BTC reached an intraday peak of $75,912 before retreating, with the movement attributed to derivatives mechanics instead of organic demand
• The cryptocurrency sector experienced widespread gains exceeding 5% across major tokens in the previous seven days, marking the strongest coordinated advance since pre-Iran conflict
• Bitcoin spot ETF products recorded $767 million in net inflows during the past week, continuing a three-week streak of positive flows
• Equity index futures declined Tuesday following Monday’s recovery, with the S&P 500, Dow, and Nasdaq futures each falling approximately 0.5%
• Market attention centers on Wednesday’s Federal Reserve policy statement, with rate-hold probability exceeding 99%

Bitcoin pushed toward the $75,000 threshold on Tuesday for the first time in recent weeks before reversing course. Market analysts suggest the price action reflected technical factors rather than genuine demand expansion.

Chart watchers observed BTC reaching an intraday high of $75,912 during early Tuesday trading hours before retreating to approximately $74,372. CoinDesk market specialists attributed the upward movement to derivatives positioning dynamics—particularly the expiration of substantial put options contracts at the $60,000 strike price, compelling market makers to purchase spot bitcoin for hedging purposes.

The critical price point remains $74,400, which previously served as a support threshold in April 2025. Bitcoin’s rapid pullback beneath this level indicates insufficient buyer conviction to sustain elevated prices without fundamental catalysts.

Despite the intraday volatility, digital asset markets have demonstrated impressive strength throughout the week. Ether climbed 13.3% to reach $2,316. XRP advanced 11% to $1.53. Solana appreciated 9.7% to $93.92. Dogecoin increased 9.5%, reclaiming the $0.10 level. BNB rose 5% to $676.

Market observers characterize this as the most comprehensive sustained cryptocurrency advancement since the outbreak of the Iran conflict.

ETF Inflows Signal Returning Institutional Interest

The optimistic sentiment partly stems from capital allocation into bitcoin exchange-traded products. Spot bitcoin ETFs accumulated approximately $767 million in net inflows throughout the previous week, based on data from CF Benchmarks analyst Mark Pilipczuk.

This represents the third consecutive week of positive capital flows, reversing the trend from earlier in 2025 when these vehicles experienced outflows exceeding $3 billion across five weeks.

Bitcoin has also narrowed its performance differential with gold. Through mid-March on a year-to-date basis, the gold ETF GLD appreciated roughly 16% while bitcoin ETF IBIT declined approximately 19%. However, from early March forward, bitcoin has exceeded gold’s returns by 13.2%.

The 90-day correlation coefficient between these two assets shifted from -0.27 to +0.29 during a six-month period, rekindling discussions about bitcoin’s role as “digital gold.”

Stock Futures Dip After Monday Rebound

Equity markets experienced contrasting momentum. Index futures linked to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 each declined between 0.4% and 0.5% during Tuesday’s pre-market session after Wall Street posted gains Monday.

Monday’s advance followed a retreat in crude oil prices. Brent crude settled nearly 3% lower at marginally above $100 per barrel. West Texas Intermediate declined more than 5% to close at $93.50.

Energy markets have exhibited heightened volatility since military operations by the US and Israel against Iran commenced. Treasury Secretary Scott Bessent indicated Iranian tanker traffic continues through the Strait of Hormuz, though President Trump’s proposal for multinational escort operations has received no commitments.

Nvidia commanded attention at its GTC conference where CEO Jensen Huang revealed multiple partnership agreements and projected $1 trillion in semiconductor sales through late 2027.

Quarterly financial results from Tencent, DocuSign, and Oklo are scheduled for Tuesday.

The Federal Reserve commences its two-day policy meeting today, with the official determination scheduled for Wednesday. CME FedWatch data indicates a rate-hold probability surpassing 99%. February’s employment report showed 92,000 job losses, while crude oil prices exceeding $100 per barrel maintain inflation concerns ahead of Chairman Powell’s media briefing.

While the March 30 event is canceled, OpenSea will hold a future product update session to showcase mobile and other features.

OpenSea CEO Devin Finzer confirmed that the much-anticipated debut of the SEA token, which had been scheduled for March 30th, will now be postponed. Acknowledging the delay in a detailed update, Finzer explained that the decision reflects current market challenges in the cryptocurrency sector.

He also noted that token launches occur only once.

SEA Token Debut Pushed Back

The delay stems from a decision by the OpenSea Foundation, which Finzer said has chosen to push back the timeline to ensure all aspects of the project are fully prepared. Finzer explained that the move was deliberate, while also recognizing that it may disappoint users. The exec’s tweet read,

“The reality is that market conditions are challenging across crypto right now, and $SEA only launches once. OpenSea Foundation could force the original date, or we could ensure every piece is in place and make this moment what this community deserves.”

As part of the update, Finzer spoke about several measures designed to address user concerns and maintain engagement. The company will end the current rewards wave. The ongoing phase will be the last. Additionally, the NFT player is offering an optional refund of platform fees retained during rewards waves 3 through 6, which followed the initial Q1 launch commitment.

Users who opt for a refund will have their Treasures, rewards previously issued during these waves, removed from their accounts. For Treasures that users continue to hold, Finzer confirmed the Foundation will still consider them at the token generation event (TGE), independent of historical allocation activity.

Finzer also announced a temporary fee reduction to encourage platform activity. Starting March 31st, OpenSea will set token trading fees to zero for a period of 60 days. The promotion will cover trading across multiple features, including cross-chain tokens, the mobile app, and perpetual contracts. After the 60-day period, a revised fee structure is planned to offer more competitive rates for consistent traders.

While the March 30th launch event will no longer take place, OpenSea plans to host a future event focused on product updates. Finzer revealed that the early reactions to the platform’s mobile application were fairly positive.

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Controversies

The delay comes amid previous challenges faced by the platform. Last February, the NFT marketplace suspended its new airdrop reward system following intense, sharp user backlash. Launched with the OS2 beta, the experience points (XP) mechanism was aimed to qualify users for the upcoming SEA token airdrop but drew fire for allegedly promoting wash trading, favoring fee revenue over ecosystem builders, and undermining NFT sustainability.

Prior to that, OpenSea’s 2022 breach exposed 7 million emails through its service provider, including those of major players such as Binance’s Changpeng “CZ” Zhao.

Key Takeaways

• BTC peaked at $75,991 on Tuesday before retreating to approximately $74,291
• U.S. spot Bitcoin ETFs have logged six consecutive sessions of positive inflows, accumulating $962.8 million since March 9
• Short position liquidations totaling $485.6 million within a 24-hour period contributed to the upward price movement
• Escalating geopolitical concerns involving the U.S., Israel, and Iran continue to impact broader market confidence
• Market participants are focused on the Federal Reserve’s upcoming interest rate announcement scheduled for Wednesday

Bitcoin experienced significant price fluctuations over recent trading sessions. The leading cryptocurrency surged to a high of $75,991 before retracing to approximately $74,291 during early Tuesday hours.

This price action coincided with substantial liquidation activity across the cryptocurrency market, with approximately $609 million in total liquidations occurring over the previous 24 hours. Short positions accounted for $485.6 million of these forced closures, based on information from Coinglass.

Market observers attribute the rapid price increase to this liquidation cascade. However, concerns remain about the sustainability of such moves.

“Price movements fueled by liquidation squeezes generally lack staying power without genuine underlying demand, often dissipating within days to several weeks,” explained Dominick John, an analyst with Zeus Research.

Sustained ETF Demand Offers Foundation

Regardless of market volatility, spot Bitcoin exchange-traded funds have demonstrated consistent investor appetite. Monday represented the sixth consecutive trading day with positive flows into U.S.-based Bitcoin ETFs, recording $199.4 million in fresh capital during that session alone.

BlackRock’s iShares Bitcoin Trust (IBIT) dominated with $139.4 million in contributions. Fidelity’s Wise Origin Bitcoin Fund captured an additional $64.5 million.

Starting from March 9, cumulative net inflows into these investment vehicles have totaled $962.8 million. Throughout this timeframe, Bitcoin has appreciated 12.5%, climbing from $65,960 to roughly $74,250.

Research from Presto Research highlighted these persistent inflows, alongside ongoing institutional acquisitions, as primary catalysts for the rally. U.S. spot Bitcoin ETFs recorded $767.3 million in net positive flows during the previous week, marking three consecutive weeks of accumulation.

Macroeconomic Developments Command Attention

The escalating situation involving the United States, Israel, and Iran has created uncertainty among market participants. Oil prices surpassed $100 per barrel again on Tuesday, with Brent crude reaching $103 and WTI settling at $96.03.

Elevated energy costs have intensified inflation worries, influencing how investors allocate capital across various asset classes, including digital currencies.

On Monday, President Trump urged international cooperation to resolve disruptions affecting the Strait of Hormuz. Iran had restricted maritime traffic through this critical waterway, which facilitates roughly 20% of worldwide oil transportation.

Santiment, a blockchain data analytics platform, observed that speculation regarding potential diplomatic breakthroughs between the United States, Iran, and Israel helped propel Bitcoin above $74,400 for the first time in six weeks.

The Crypto Fear & Greed Index increased by five points to 28 on Tuesday, marking its exit from “Extreme Fear” status for the first time since late January.

The Federal Reserve will release its interest rate determination on Wednesday. While markets anticipate rates will remain unchanged, participants are paying close attention to any commentary regarding inflationary pressures.

Spot Ethereum ETFs similarly attracted $160.8 million in new investment during the past week, as ETH climbed 3.28% to reach $2,315.

TLDR:

• dtcpay raised $10M in Series A funding led by Temasek-backed Vertex Ventures Southeast Asia & India.
  
• The company secured a Luxembourg EMI license to offer regulated payment services across the EEA.
  
• dtcpay holds payment licenses in Singapore, Hong Kong, Australia, the United States, and Canada.
  
• A Visa partnership in Asia-Pacific gives users access to Infinite and corporate cards for digital and fiat spending.

dtcpay, a Singapore-based digital payments company, has raised US$10 million in a Series A funding round. Vertex Ventures Southeast Asia & India, a Temasek-backed firm, led the investment.

Favour Capital served as the exclusive financial advisor for the round. The funding will support infrastructure development and European market expansion.

Simultaneously, dtcpay announced it has secured an Electronic Money Institution license in Luxembourg, enabling regulated stablecoin and fiat payment services across the European Economic Area.

dtcpay’s Business Model and the Case for Stablecoin Payments

dtcpay was co-founded by Alice Liu and Band Zhao with a focused mandate. The company bridges digital assets with traditional financial systems for everyday use.

Businesses and individuals can accept, store, and transact in stablecoins through its platform. A real-time swap engine enables instant settlement between stablecoins and fiat currencies.

The funding arrives at a turning point for the stablecoin payments sector. Regulatory frameworks are tightening across major economies as compliance demands increase.

Providers must meet higher standards to serve businesses and consumers at scale. dtcpay states it has spent years building infrastructure to meet these requirements.

In the Asia-Pacific market, dtcpay has formed a partnership with Visa. This collaboration includes Visa Infinite cards for individuals and corporate card solutions for businesses.

Both products support transactions in digital assets and fiat currencies. Users benefit from competitive spot rates for their daily spending needs.

Alice Liu, CEO and Co-Founder, outlined the company’s vision for the industry. She said the company aims to build “a platform where faster, safer, and more cost-efficient transactions become the standard for global payments.”

Genping Liu, General Partner at Vertex Ventures Southeast Asia & India, also commented on the investment rationale.

He said the firm sees “significant potential in real-world stablecoin use cases where digital asset infrastructure intersects with regulated financial systems.”

European Licensing Strengthens dtcpay’s Global Regulatory Standing

dtcpay’s Luxembourg EMI license represents a key regulatory achievement for the company. It allows dtcpay to provide regulated payment services across all EEA member states.

This positions the company as a compliant operator within a large, established financial bloc. The license directly supports the European expansion planned with the Series A proceeds.

The Luxembourg license complements an already broad regulatory portfolio held by dtcpay. The company carries a Major Payment Institution license from the Monetary Authority of Singapore.

It also holds licenses and registrations in Hong Kong, Australia, the United States, and Canada. This multi-jurisdictional coverage allows dtcpay to serve clients across diverse global markets.

The new capital will also go toward expanding operations in newly licensed regions. Product enhancements and infrastructure upgrades are among the primary funding priorities.

dtcpay intends to use its Luxembourg EMI license as the gateway for European growth. These steps align with the broader goal of scaling within regulated jurisdictions.

The stablecoin payments sector is attracting growing attention from institutional investors and regulators. dtcpay’s compliance-first model and multi-region licensing position it well for this shift.

Its combination of infrastructure, partnerships, and regulatory coverage sets it apart in the market. The Series A round marks the start of the company’s next phase of international growth.

• Dogecoin price is holding strong above key support near $0.0955.
• A break above $0.1088 could trigger a sharp upward move.
• A push past $0.12 may confirm a bullish trend continuation.

Dogecoin (DOGE) is starting to show signs of life again after a period of slow and uncertain movement.

The memecoin’s price has pushed back above $0.10, and that alone has caught the attention of traders watching for early breakout signals.

While momentum has been building steadily, the real question now is whether this move has enough strength to continue higher.

A tightening range signals a bigger move ahead

The current structure shows Dogecoin holding above a key short-term support zone, which has formed around the $0.0974 to $0.0955 range.

At the same time, price action has been pushing against resistance between $0.104 and $0.105, creating a clear zone where sellers are trying to slow the rally.

Just above that sits a more important barrier around $0.1088, which has historically marked the transition into stronger upward moves.

This combination of rising support and firm resistance is creating a tightening range, and such conditions often lead to sharp breakouts.

The longer the price stays compressed within this zone, the more significant the eventual move tends to be.

For now, the fact that the Dogecoin price is holding above its short-term trendline and the 100-hour moving average suggests that buyers still have control.

However, control does not guarantee continuation, and the next move will depend on how the price reacts at the upper boundary.

Why $0.1088 is real breakout trigger for Dogecoin price

While smaller resistance levels exist below, analysts note that $0.1088 stands out as the true gatekeeper for a larger move.

Past price behaviour shows that once Dogecoin clears this level with conviction, it tends to move quickly into higher trading ranges.

This is why many traders are not just watching for a break above $0.104 or $0.105, but instead waiting for a clean push beyond $0.1088.

A strong move through that level would likely open the door toward the next resistance around $0.1205.

That level sits just above the widely watched $0.12 mark, making it both a technical and psychological target.

If momentum remains strong, the price could even extend further toward $0.1335, which represents a more ambitious upside scenario.

Such a move would not happen in isolation, but rather as a continuation of the current bullish structure that is slowly forming.

The key support levels to watch

Even in a bullish setup, risk management remains essential because support levels define whether the trend is still valid.

The first level to watch sits near $0.0995, which acts as immediate support during short-term pullbacks.

Below that, the $0.0978 and $0.0974 zone becomes more important, as it has repeatedly held as a reliable base.

The most critical level, however, remains $0.0955, which aligns with both the trendline and broader structure support.

A breakdown below this level would weaken the current bullish outlook and increase the chances of a deeper move toward $0.094 or even $0.092.

If selling pressure intensifies further, the next major historical support comes in near $0.0870.

As long as the Dogecoin price stays above the key support cluster, the overall structure continues to favour buyers.

What a breakout above $0.12 could mean

A confirmed breakout above $0.1088 followed by a move through $0.1205 would signal a clear shift in market sentiment.

It would indicate that buyers are no longer just defending support, but actively pushing the market into a new price range.

Crossing the $0.12 level would likely attract additional interest, as it represents a visible milestone for both short-term traders and longer-term participants.

At that stage, Dogecoin would be transitioning from a recovery phase into a more established upward trend.

The path toward $0.1335 would then become more realistic, especially if momentum and volume continue to support the move.

The Pi Network community (Pioneers) have complained about the missing second migrations for years. Now, though, PI is dumping as the process begins.

The highly volatile token as of late has dropped once again in the past 24 hours, losing over 10% of value in a nosedive to a two-week low of under $0.18.

The asset has plunged by roughly 40% since the highly anticipated Pi Day on Saturday, even as the team behind the project announced new updates and promises.

Pi Dumps Again

After celebrating its first anniversary as a free-for-trading token in late February, PI rebounded from its all-time low of $0.1312 and started March on the right foot as the community was preparing for the aforementioned Pi Day (March 14) and enjoyed several updates. The asset went on the offensive in the days leading to March 14, especially since the veteran US crypto exchange Kraken announced it would list it for trading starting a day before the Pi Network celebration.

PI exploded by double digits on a few consecutive occasions, skyrocketing from under $0.175 to a five-month peak of almost $0.30. However, the Kraken listing turned out to be a classic sell-the-news event, as once PI went live for trading on the popular exchange, it nosedived immediately by 30% in just a day.

Coincidentally (or not), this massive price drop was on Pi Day. After trying to rebound yesterday to over $0.20, PI has been rejected once more, and now sits at $0.18 after a 11% daily decline. Its market cap has fallen to $1.750 billion, making it the 50th-largest cryptocurrency by that metric. Just a few days ago, PI had entered the top 40 on CoinGecko.

Second Migrations Begin

The Core Team made a big statement on March 14, highlighting the project’s progress in the past several years and laying out some of the goals ahead. One of those caught the Pioneers’ attention in particular, as they have been requesting it for years – the second migrations.

Essentially, this is the process of allowing users to bring additional PI tokens to Mainnet and “further participate in the ecosystem,” the team explained. While the gradual rollout for the second phase is on, the first migrations for eligible Pioneers will “continue as normal.”

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Users have to ensure that their Pi Wallet has enabled 2FA through the Mainnet Checklist Step 3 after adding a trusted email to their accounts. Second migrations will also include referral mining bonuses for Referral Team members who have successfully passed KYC.

Pi Network is excited to announce that second migrations have started and will continue with a gradual rollout, opening the door for Pioneers to bring additional Pi to Mainnet and further participate in the ecosystem! While second migrations roll out, first migrations for… pic.twitter.com/KyqCMqcoyi

— Pi Network (@PiCoreTeam) March 16, 2026

Despite the promising words, many users remained skeptical in the comments below the posts, questioning whether this is just more hype without actual implementation.