Pi Coin Hype or Hidden Dump? Analyst Exposes What Really Happened After Consensus 2025

The Pi Core Team appeared front and center at the Consensus 2025 event. Excitement surged. The community was buzzing about a major ecosystem announcement.

The crypto space is no stranger to hype, especially when it comes to new projects promising to revolutionize finance. However, one project that has faced a unique level of scrutiny and speculation is Pi Coin.

Recently, the Pi Core Team made an appearance at the Consensus 2025 event, generating significant buzz among the community. The anticipation was high for a major ecosystem announcement from the team, with many hoping for news of a full mainnet launch and an influx of new dApps.

In the days leading up to the event, the price of Pi had a noticeable surge. It quickly rallied from around $0.40 to $1.60. However, according to one crypto analyst, the real story was unfolding behind the scenes, and it wasn’t nearly as promising as the community might think.

One X analyst, who is known for his analysis of "shitcoins" and his bold predictions, claims that the Pi Core Team used the hype to quietly cash out.

According to Dr. Altcoin, while the community was eagerly awaiting the announcements and discussing them in lively chat groups, the team was busy selling tens or even hundreds of millions at the peak. The sudden and rapid price rally, which stalled just as quickly, is allegedly part of a larger strategy.

Since the announcements, the Pi Coin price has dropped back to $0.80 and is continuing its descent toward its earlier range.

The post claims that the team pulled off a ‘rugpull’ on the token. However, in this case, it wasn’t a malicious exit scam but rather a story of misaligned priorities and a lack of clear communication.

Announced at the Consensus 2025 event, the Pi Network Ventures is an initiative that aims to support startups and developers creating projects on the Pi blockchain.

Despite the anticipation for a mainnet launch or at least a glimpse of a working dApp ecosystem, the team had only finished setting up the Pi Network Ventures. This venture capital firm will invest in startups building on the Pi blockchain.

However, there were no specific timelines for when the startups would receive funding, no names of the teams working on the projects were announced, and no immediate utility was added for users or token holders.

This lack of immediacy is crucial in the fast-paced world of crypto, especially considering that the startups will still need time to develop their dApps after securing investment.

In a second post, Dr. Altcoin further elaborated on his thoughts, presenting a more pessimistic timeline for Pi Network's goals. He estimates that setting up the Pi Ventures team will take 6 to 12 months.

The process of sorting through thousands of developer applications could take just as long. Even if some projects get funding in the next year or two, launching fully developed, high-quality dApps might take another two years.

In total, he believes that it could take 2.5 to 5 years to build the kind of ecosystem that Pi was hinting at in its 2025 announcements.

Dr. Altcoin also touched upon previous predictions of Pi reaching $314 once its ecosystem matures. He now believes that price target might be 10 years away, if it ever happens.

In the meantime, he advises the Pi supporters, known as Pioneers, to stop chasing unrealistic price expectations, which are being pushed by scammers anyway. Instead, he suggests they focus on securing the referral bonuses they were promised.

This would be a more immediate and fair reward for their early support, in stark contrast to the distant prospect of a $314 price target, which might never be realized.

These claims have sparked debate in the Pi community. Some agree with the skepticism, highlighting how long Pi has been operating without a public mainnet or proper exchange listings.

Despite the project's optimistic vision, the lack of tangible progress has fueled cynicism among community members.

However, others defend the project, arguing that long-term innovation takes time, and the vision isn’t gone, just delayed. They believe that the Pi Core Team is working diligently to build a sustainable and valuable ecosystem.

The latest hype wave, which was ignited by the Consensus 2025 event and the announcement of the Pi Core Team's presence, helped to push the price up.

But ultimately, if there isn’t a product to sustain the market interest, the market will quickly lose interest and move on.

Whether Dr. Altcoin is correct about the selloff or the roadmap timeline remains to be seen. But one thing is clear: Pi still has a lot of work to do in order to live up to the hype and deliver on the promises that have been made to its supporters.