**Pi Network Faces Insider Sell-Off Claims After 50% Price Crash**
The Pi Network community is in turmoil following a sharp 50% drop in its token price, sparking allegations of insider sell-offs. The controversial cryptocurrency, which operates on a closed mainnet, has faced growing skepticism as users struggle to convert their mined Pi into real-world liquidity.
### **Price Plunge Sparks Outrage**
Over the past week, Pi’s value plummeted by nearly half on several unregulated exchanges where the token is traded unofficially. Many investors accuse early adopters and insiders of dumping their holdings, worsening the sell-off. Despite Pi Network’s claims of being in an "enclosed mainnet" phase, large transactions have fueled suspicions that privileged individuals are cashing out while restricting ordinary users.
### **Liquidity and Trust Issues**
Pi’s lack of listings on major exchanges like Binance or Coinbase has forced traders to rely on obscure platforms, where prices are highly volatile. The network’s "Know Your Customer" (KYC) requirements and slow migration process have further frustrated users, with many unable to access their coins.
### **Pi Core Team’s Response**
The Pi Core Team has denied allegations of insider dumping, reiterating that the official mainnet launch is still pending. However, the prolonged delay in open trading has eroded trust, with critics comparing Pi to other failed mining-based projects.
### **What’s Next for Pi?**
Unless Pi Network achieves a transparent and fair open market listing, confidence in the project may continue to decline. For now, investors are left questioning whether Pi can recover—or if this crash is the beginning of its downfall.
As debates rage on social media, one thing is clear: Pi’s future hinges on resolving liquidity issues and proving it’s more than just another speculative asset.
**What do you think—can Pi Network regain trust, or is this the end?** Let us know in the comments!
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