Massive flow of Pi tokens amid community anger and price decline
The Pi network is preparing to launch 119 million tokens by the end of the month, amid a decline in the currency to $0.60 after a 30% loss over two weeks. The continuous selling pressure has been accompanied by rising anger within the community, especially after a sharp statement from the Pi Turkey group criticizing the delay in the launch of the open network, the lack of transparency, and the deviation from decentralization.
Concerns are growing about the absence of a clear vision for the project as the token supply continues.