🔥Pi Coin Drops Over 20%, Community in Uproar – What Is Happening?

The price of Pi Coin has plummeted from 1.60 USD to 0.7017 USD, leaving the Pi Network community bewildered. Notably, this price drop occurred right after the Consensus 2025 event, where the development team had promised to fully implement the Mainnet and expand the ecosystem.

Dr Altcoin: "The community is being sidelined"

Analyst Dr Altcoin criticized the Pi Core Team, claiming they are gradually excluding the "Pioneers" community from the development process. He pointed out that the term “Pioneers” has not appeared in recent updates, while the development team now has its own funding sources.

Is Pi being ‘pre-mined’?

Dr Altcoin also suspects that the entire Pi Coin has been "pre-mined", meaning that most of the coins belong to the founding team from the beginning – contrary to the belief that users are actually mining Pi in a decentralized manner.

Are there signs of dumping?

He further accused the development team of quietly selling 12 million Pi during the peak of Consensus 2025, calling it a sophisticated “rug pull”. However, some people disagree and argue that there is no clear on-chain evidence.

Concerns about automated KYC

Additionally, the new KYC process has raised questions about its security and potential for exploitation.

Could Pi's price drop further?

Dr Altcoin predicts that the price of Pi could drop to 0.40 USD if not improved. He urges the community to stay vigilant and demand transparency from the Pi Core Team.

Conclusion:

The future of Pi remains a big question mark. One side demands clarity, while the other continues to trust and sees this as an opportunity to accumulate. Regardless.