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Pi Network faces the biggest scam of 2025, insiders complain
Pi Network ( is facing its biggest crisis to date, as a leading cryptocurrency investigator has accused it of an internal sell-off amounting to as much as $8 billion, related to the Pi Core Team. A post from investigator Atlas has caused a panic in the PI community, claiming that over 12...
According to CoinMarketCap, the trading price of PI is $0.7312, having dropped over 35% in the past week. "Stop focus notifications. Monitor the wallet," Atlas warned, sharing a timeline of the token's behavior: May 1: PI's price was $0.6135. May 12: PI peaked at $1.6704, increasing by 113.2%. Since May 14: PI has dropped over 56%, currently trading at around $0.7270. While the Pi core team has not made an official statement, some supporters believe the token's liquidity is part of the standard testnet to mainnet migration process. Atlas refuted this explanation, pointing out issues with wallet links and the lack of transparency in trading. The unlocking of tokens and the balance at centralized exchanges raised new concerns. With market unease, 5.7 million PI tokens were unlocked today, flooding into a market already under significant pressure. The amount of PI held by centralized exchanges has now surged to a record 397 million, raising concerns about another wave of sell-offs.
Market analysts warn that the unlocked supply may continue to suppress the price of PI unless buying volume increases significantly. The community is demanding explanations as accusations regarding wallets intensify. Cryptocurrency influencer Dr. Altcoin claims that the Pi core team operates over 10,000 wallets and sub-wallets, most of which are hidden from public view. He calls for transparency and urges PI holders to demand answers rather than blindly defend the project. Chain analysts indicate that only seven large wallets can be fully tracked, deepening the community's concerns about undisclosed supply and internal controls. As the unlocked supply of the token enters the market, many wallets are also being monitored, with market analysts warning that unless investor demand rebounds, the price of PI may continue to come under pressure.