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Is public trust in Pi collapsing? Sharp fluctuations and suspicions surround the project
• Event: The price of Pi rose to $1.60 after the Consensus conference and then collapsed, triggering a wave of doubts.
• Accusations: The discovery that more than 22,000 large wallets belong to the Pi Core team increased the controversy.
• Analysis: An expert confirms that exaggerated expectations and misunderstandings are behind the wave of anger.
• Team response: Pi Network denied fraud rumors and confirmed that what happened was an exploitation of its name by unknown entities.
• Current price: $0.83, with attempts to break the $1 barrier.
Summary: The project is still under development, but the shock came from the gap between reality and user expectations