😱#PiNetwork Scandal: Have 70 Million Users Been Deceived?

A shocking twist has shaken the Pi Network community. While the project just announced a massive $100 million fund to support DApp development, many of the 70 million global users called "Pioneers" now feel betrayed after years of dedication and waiting.

🔥 What Just Happened?

On May 14, 2025, Pi Network’s Core Team revealed “Pi Network Ventures,” a $100 million investment fund aimed at supporting developers building decentralized applications (DApps) on its platform.

Instead of excitement, this announcement triggered massive backlash. Many long-term Pioneers argue that they haven’t even earned 1,000 Pi due to referral and ambassador rewards being disregarded. And now, they’re being told that the future of Pi depends on a developer ecosystem funded by their own time and trust.

Price Drop Reflects Trust Crisis

The announcement initially caused a small price pump only to be followed by a brutal drop back to $0.80. Many believe this reflects a loss of trust, not just in Pi’s price, but in the project’s credibility overall.

More than 70 million users across 200+ countries helped turn Pi Network into a global phenomenon not through VC funding, but through belief in the vision. And now, they feel abandoned.

🤐 Unkept Promises and Lack of Transparency

Since 2021, the Pi community has faced endless delays: from KYC verification issues to constantly postponed Open Network launches. The Core Team promised 100 active DApps before mainnet launch but most of them still don’t exist.

Why the silence?

A respected crypto analyst, said:

“Pioneers aren't just users they're the reason Pi exists. The Core Team’s silence says more than words ever could.”

Conclusion

The Pi Network scandal highlights one painful truth: without transparency and respect for the community, even the largest user base can't guarantee long-term success. If the Core Team doesn't rebuild trust, Pi’s most valuable asset its people may walk away.

DYOR