Pi Network faces credibility test after price crash and insider wallet activity

Pi Token Price Crashes After Core Team Moves 12 Million Coins

Pi Token price dropped by 58% from $1.60 to $0.70 after the core team moved 12 million coins. Volumes rose by 40% to $561 million with steep sell-offs as more than 1.2 million coins were deposited. Technicals indicate bear signals; possible fall to $0.45 if $0.59 support fails soon. Pi Token users have accused the project creators of a rug pull following a steep decline in its token price. Dr Picoin, a well-known Pi Community member, alleged on …

Pi Network Faces Accusations of Cashing Out—Is It a Rug Pull? - Crypto News Flash

Dr. Altcoin accuses the Pi Network’s Pi Core Team of misleading the community with hyped announcements that failed to deliver substantial mainnet updates. The analyst highlighted that key ecosystem components, including decentralized apps (DApps), remain underdeveloped, with utility projects only now receiving funding through Pi Network Ventures. Pi Coin price has come crashing down under $0.70 from the peak of $1.5 earlier in May, despite Pi Ne…

Pi Network faces credibility test after price crash and insider wallet activity

Pi Network users have levied allegations of rug pull against the project creators after the recent plunge in its price. In a post on X, one of the popular members of the Pi Community, Dr Picoin, claimed that insiders have dumped millions of tokens. According to Dr Picoin, the sell-offs by insiders followed recent announcements about upgrades and improvements to the Pi Network at Consensus 2025. He claimed that the hype around these announcements…