The post Is Pi Network Dead? Pi Coin Price Crash Raises Concerns appeared first on Coinpedia Fintech News
The Pi Network community is in shock as Pi Coin plunged over 20% in the last 24 hours, falling from its recent high of $1.60 to just $0.7017. This sharp decline comes right after the Consensus 2025 hype, where the Pi Core Team promised a thriving ecosystem and full Mainnet launch.
But a top Pi analyst, known as Dr Altcoin, is raising serious concerns about what’s happening behind the scenes—and what it means for millions of Pi users.
Pi Network Core Team No Longer Needs the Pioneers?
According to Dr Altcoin, the Pi Core Team’s latest moves suggest they may no longer need the community that helped build the network. He points out:
- In March, the Core Team asked Pioneers to promote the project.
- They claimed it took 6 years to make Pi Network “ready to use.”
- But now that they have funding through Pi Network Ventures, Dr Altcoin believes the community is being sidelined.
In fact, he notes that recent updates from the Core Team have completely stopped using the word “Pioneers.”
Pi Was Pre-Mined – And That Changes Everything
One of the most controversial claims is that all Pi Coins were pre-mined, meaning the Core Team holds a large portion of the total supply. This contradicts the belief that users were mining Pi over time.
Dr Altcoin warns this gives the team full control over supply and price, creating a centralized risk in what was supposed to be a decentralized project.
Hidden Sell-Off? 12 Million Pi Moved
Dr Altcoin claims that during the Consensus 2025 hype, the Core Team sold approximately 12 million Pi Coins. He even calls it a “rug pull” in plain sight while users were distracted by talk of DApps and Mainnet updates.
However, some users in the community argue there’s no on-chain proof of the Core Team selling any tokens. They suggest these were routine transfers to pioneer wallets, not evidence of a sell-off.
KYC Automation Raises Privacy Concerns
The analyst also raises concerns over the new automated KYC process, which he says may compromise user data privacy and weaken verification standards. With less oversight, he warns the system may become more vulnerable to misuse.
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Analyst Predicts Pi May Drop to $0.40
Dr Altcoin believes the price could fall further and advises users to wait until it drops to around $0.40 for a better entry point. He’s demanding that the Core Team offer a public explanation for the recent crash.
Will Pi Coin Recover? Another Analyst Thinks So
Not everyone agrees with the bearish outlook.
Crypto analyst Mr Spock believes this is just a temporary dip caused by FUD (Fear, Uncertainty, Doubt). He points to Pi’s strong community and growing utility, saying:
“Pi Network is still valuable. Don’t fall for the panic.”
He warns that short sellers may be spreading false narratives to scare new investors, especially since many Pi holders are new to crypto.
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FAQs
Dr Altcoin asserts all Pi was pre-mined, giving the team full supply control and undermining decentralization.
Dr Altcoin predicts a drop to $0.40, but Mr Spock sees it as a temporary dip, urging users not to panic-sell given Pi’s community strength.
New automated KYC raises privacy concerns, with Dr Altcoin warning of weaker standards and potential data misuse risks.
