š¢ Analyst Calls Pi Network āBiggest Rug of 2025ā After Token Dump
Crypto analyst Atlas has labeled Pi Network as 2025ās biggest rug pull after a 12 million-token dump crashed Piās price by 50%. The anonymous sell-off occurred days after Pi surged to $1.60 on speculation, sparking allegations of insider manipulation.
In a May 19 post on X, Atlas claimed that while users were being teased with a new upgrade, Pi Network insiders were making their move. To support his rug claim, which he has been making since late February, Atlas referenced a probe by Dr. Picoin, whose findings allegedly linked the token dump to the Pi Network core team.
The analyst said the dump occurred just days after Pi rallied to $1.60 āon pure speculation and hope.ā
Atlas, meanwhile, claimed an analysis had identified the dumping wallet, which is allegedly linked to the Pi Network core team. The wallet in questionāGABT7EMPāis allegedly connected to Pi Core ops.