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Pi Network Faces FUD Storm After Price Crash & Insider Dump Allegations
⚠️📉🔥
The Pi Network is under serious scrutiny as community outrage grows over recent price action and alleged insider activity.
What Happened?
The price of $PI dropped over 58%, from $1.60 → $0.67 in just a week — triggering panic and accusations of a rug pull by the project’s Core Team.
👤 Dr. Picoin, a popular figure in the Pi community, claimed insiders dumped millions of tokens right after the Consensus 2025 upgrade announcements:
> “The Core Team sold tens of millions, if not hundreds of millions, of Pi at the peak — all while the community was distracted by the illusion of progress.”
A wallet allegedly linked to the team reportedly moved 12 million $PI in the past 24 hours.
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Pushback from the Community
Not everyone agrees it’s a rug pull.
🔁 @Pinewszone responded:
> “Don’t be misled. The wallet in question is a distribution wallet used for migrating balances to the mainnet. This is NOT a sell-off.”
This has left the Pi community split, and the Core Team’s silence is adding fuel to the fire.
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What Triggered the Price Drop?
Many users expected a mainnet launch after recent teasers, but the Pi Core Team instead announced a $100M Venture Fund — a move that disappointed many.
💬 “We waited for the mainnet, not funding announcements,” said one frustrated user.
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The Big Question
Is this just FUD amplified by unclear communication… or is there something deeper going on?
🧠 Until the Core Team officially addresses the community, trust continues to erode, and price volatility may persist.
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What do YOU think?
Is this FUD — or a red flag?
#PiNetwork #CryptoNews #PIFUD #RugPullAllegations #BinanceSquare
⚠️📉🔥
The Pi Network is under serious scrutiny as community outrage grows over recent price action and alleged insider activity.
What Happened?
The price of $PI dropped over 58%, from $1.60 → $0.67 in just a week — triggering panic and accusations of a rug pull by the project’s Core Team.
👤 Dr. Picoin, a popular figure in the Pi community, claimed insiders dumped millions of tokens right after the Consensus 2025 upgrade announcements:
> “The Core Team sold tens of millions, if not hundreds of millions, of Pi at the peak — all while the community was distracted by the illusion of progress.”
A wallet allegedly linked to the team reportedly moved 12 million $PI in the past 24 hours.
---
Pushback from the Community
Not everyone agrees it’s a rug pull.
🔁 @Pinewszone responded:
> “Don’t be misled. The wallet in question is a distribution wallet used for migrating balances to the mainnet. This is NOT a sell-off.”
This has left the Pi community split, and the Core Team’s silence is adding fuel to the fire.
---
What Triggered the Price Drop?
Many users expected a mainnet launch after recent teasers, but the Pi Core Team instead announced a $100M Venture Fund — a move that disappointed many.
💬 “We waited for the mainnet, not funding announcements,” said one frustrated user.
---
The Big Question
Is this just FUD amplified by unclear communication… or is there something deeper going on?
🧠 Until the Core Team officially addresses the community, trust continues to erode, and price volatility may persist.
---
What do YOU think?
Is this FUD — or a red flag?
#PiNetwork #CryptoNews #PIFUD #RugPullAllegations #BinanceSquare
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