Key Highlights:
- Analyst Dr. Altcoin accuses the Pi Core Team of market manipulation and “quietly cashing out” via pre-minted tokens.
- Following the announcement of a $100 million fund, Pi Coin’s price plunged nearly 50%.
- Users feel betrayed after the promised mainnet failed to launch and the tokens turned out to be fully pre-mined.
Manipulation via Fund and False Hope?
On May 14, Pi Network Ventures launched with a promise to fund “real projects with Pi Coin.” Instead of sparking a bull trend, the announcement triggered a drop from $1.60 to $0.80, continuing a downward trajectory.
According to Dr. Altcoin:
The team intentionally created hype around the fund, pumped the price, and quietly sold tokens at the top – a classic rug pull.
The Community Feels Deceived
The analyst notes:
- Back in March, the co-founder’s wife stated the “Pi ecosystem takes 6 years to build.”
- Yet, real DApps still don’t exist, and funding has only just begun.
- “Pioneers” – the core user base – are no longer even mentioned by the team.
- Most KYC processes are handled by AI, without transparency or verification.
Most importantly: 89% of all Pi tokens are held by the Core Team – such concentration raises fears of a mass sell-off similar to the Terra Luna crash.
Pi Coin: Artificial Pump and Sharp Crash
According to Dr. Altcoin:
- The team pushed the price from $0.40 to $1.60 before Consensus 2025 with news about an “ecosystem with 100 ready DApps.”
- Meanwhile, tokens worth tens of millions were sold behind the scenes.
- Pi then crashed to $0.80, with a risk of dropping back to $0.40.
Users were left with promises, while the team cashed out.
Possibly the Biggest Letdown of an Early Crypto Project?
If the claims prove true:
- This could be one of the biggest trust breaches in crypto in 2025.
- Early users who believed in long-term value and fair distribution will suffer the most.
Conclusion:
The Pi Network project hasn’t been officially labeled a scam, but the absence of a mainnet, centralized token ownership, and sudden price collapse fuel suspicions of an orchestrated cash-out.
Now is the time for the community to demand transparency, an independent audit, and a clear roadmap – before it’s too late.
Frequently Asked Questions
Find answers to the most common questions below.
The crash followed the launch of Pi Network Ventures’ $100M fund, which some analysts claim was used to manipulate the price for insider gains.
No, the promised mainnet has not launched yet. This delay has increased skepticism among users and investors about the project’s transparency.
Analysts claim the team pre-mined most tokens, held 89% of the supply, and may have cashed out at peak prices, leading to accusations of a rug pull.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
