Pi Coin Crash Sparks Debate Over Core Team's Transparency

A dramatic price drop has rattled the Pi Network community, with Pi Coin tumbling by more than 20% in the past week, falling below $0.71 after recently hovering near $1.60.

The price of Pi Coin has crashed by more than 20% in the past week, falling below $0.71 after recently hovering near $1.60. The dramatic drop has rattled the Pi Network community, especially following heightened expectations from Consensus 2025.

At the event, the Pi Core Team promised progress toward a full Mainnet launch and ecosystem growth. However, optimism is now giving way to doubt as the token continues its downward spiral.

Independent analyst Dr Altcoin believes the Pi Core Team may be drifting away from the community, also known as 'Pioneers,' that helped build the network. According to him, recent communications from the core team have stopped referencing Pioneers.

This observation comes despite the fact that the core team had previously called for grassroots promotion and highlighted how the project took six years to reach this stage.

Furthermore, fresh accusations that Pi Coin’s supply was fully pre-mined, thereby granting the developers disproportionate control, have surfaced.

Dr Altcoin claims that this undermines the project’s decentralization and could open the door to price manipulation. He went on to allege that roughly 12 million Pi tokens were offloaded during the recent hype cycle, though critics say there’s no transparent proof to back that claim.

Another controversial development is the automation of Pi’s KYC process. While it will speed up verification, privacy advocates may be concerned about it exposing sensitive user data and reducing oversight.

Amid the backlash, Dr Altcoin predicts the token could slide further, possibly reaching $0.40. He’s calling for the Pi Core Team to directly address the sell-off rumors and clarify their intentions.

However, not everyone shares this grim outlook. Analyst Mr Spock argues that the panic is being driven by fear and misinformation, not fundamentals.

He maintains that Pi Network still has value, highlighting its large user base and ongoing development. Mr Spock also cautions against being swayed by market manipulation tactics.

As the debate grows louder, the only certainty for Pi holders is that trust in the project may ultimately prove just as volatile as the token itself.