#PI# Reasons for the Continued Decline of Pi Network on May 27

Negative News and Trust Crisis: Cryptocurrency analyst Atlas claims that Pi Network is the biggest RUG of 2025, accusing it of insider trading. A two-day investigation revealed a massive sell-off of 12 million tokens, leading to market panic. Meanwhile, a large number of tokens were transferred from exchanges to private addresses, and other on-chain data was exposed, deepening concerns about the core team's transparency and long-term intentions, resulting in a loss of investor confidence and a rush to sell tokens.

Token Unlock Pressure: 7.4 million tokens will be unlocked and enter the market, leading to a surge in circulating supply, while market demand has failed to increase correspondingly, resulting in greater selling pressure and downward price pressure.

Project Development Failing to Meet Expectations: At the 2025 Cons conference, the founder of Pi Network discussed strategic initiatives, but the community was skeptical of their plans, such as the $100 million venture capital fund plan being criticized for lack of attractiveness, and the delay in the mainnet launch has made investors worried about the project's prospects, further affecting market sentiment and causing the price to drop.