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Pi Network faces the biggest scam of 2025, insiders complain.
Pi Network ( is facing its biggest crisis to date, as a leading cryptocurrency investigator has accused it of an internal sell-off worth $8 billion related to the Pi Core Team. A post spread by investigator Atlas has triggered a wave of panic in the PI community, claiming that over 12
According to CoinMarketCap, the trading price of PI is $0.7312, having dropped over 35% in the past week. "Stop following notifications. Watch the wallet," Atlas warned, sharing the timeline of the token's behavior: May 1: The price of PI was $0.6135. May 12: PI peaked at $1.6704, an increase of 113.2%. From May 14: PI has fallen over 56%, with the current trading price around $0.7270. Although the Pi core team has not released an official statement, some supporters suggested that the liquidity of the token is part of the standard process of migrating from testnet to mainnet. Atlas refuted this explanation, pointing out the lack of transparency regarding wallet links and transactions. The unlocking of tokens and the balance held by centralized exchanges have raised new concerns. Today, 5.7 million PI tokens were unlocked, impacting a market that is already under significant pressure. The amount of PI held by centralized exchanges has now surged to a record 397 million, raising concerns about a new round of sell-offs.
Market analysts warn that the unlocked supply could continue to suppress the price of PI unless purchasing volume increases significantly. The community is demanding explanations as accusations about wallets are on the rise. Cryptocurrency influencer Dr. Altcoin claims that the Pi core team operates over 10,000 wallets and sub-wallets, most of which are hidden from public view. He calls for transparency and urges PI holders to demand answers rather than blindly defend the project. Chain analysts state that only seven large wallets can be fully tracked, deepening the community's concerns about undisclosed supply and internal control. As the unlocked supply of this token enters the market, many wallets are being monitored, and market analysts warn that unless investor demand rebounds, the price of PI may continue to face pressure.