19 Million Pi Coins Sold? Piscan Reveals What the Pi Network Didn't

The Pi Network community is facing a wave of questions this week after a surprising claim about large-scale token movements.

The Pi Network community is facing a wave of questions this week after a surprising claim about large-scale token movements. According to crypto researcher Dr Altcoin, over 19 million Pi coins were allegedly sold from a single wallet tied to the Pi Core Team – and it all came to light thanks to Piscan, a newly updated Pi blockchain explorer.

Piscan recently rolled out a user-friendly update that allows anyone to track Pi blockchain transactions more easily. Before this, much of the network’s activity remained opaque, with no clear way for users to verify movements or follow the money. Now that Piscan has opened the door to on-chain transparency, some in the community have started digging – and what they’ve found is raising eyebrows.

In a tweet that quickly caught attention, Dr Altcoin shared a wallet address (GCVUUIE6W7DV3VPJJ7CUGN37FADP7BXRU6VKELZNGNQBGFTFF2NS5DEK) and claimed that more than 19 million Pi coins were moved – and possibly sold – in the past 20 to 30 days. He said the wallet was created by the Pi Core Team, though this has not yet been officially confirmed. Still, he urged users to check the wallet activity themselves and drew attention to how Piscan is now enabling this kind of investigation.

Now that Piscan has made Pi blockchain transactions user friendly and that past transactions can be easly tracked, check this Wallet address created by PCT, and you will find atleast 19 million Pi were sold in the past 20 to 30 days. This is only one out of many wallets in… pic.twitter.com/atNUA4gLHk

— Dr Altcoin (@DrAltcoin) May 21, 2024

To be clear, Dr Altcoin insisted this wasn’t about spreading fear or doubt. He framed it as a call for transparency and accountability, saying the Pi community deserves honest answers. His message was straightforward: the data is now public, and it’s up to the community to ask the right questions.

You can view the current Pi Coin price and technical outlook here: Pi Coin Price Prediction for Today (May 22)

At press time, the Pi Coin price is up 2.5 percent for the day, trading slightly above $0.80. While the token continues to hold strong in price action, the narrative around it is shifting. With Piscan making data more accessible, users are beginning to question whether all is as it seems behind the scenes.

A follow-up tweet from the same account added even more context. Dr Altcoin said that the Pi community is no longer just a passive army. Thanks to tools like Piscan, many Pioneers are now becoming more inquisitive, critical, and realistic. The message was clear – the era of blind belief is fading, and a new wave of active, data-driven participants is rising.

The Pi Core Team has yet to respond publicly to the wallet claims. Whether or not this specific address is indeed tied to them remains to be proven. Still, the broader point remains: on-chain transparency has arrived, and with it comes new expectations. The community is watching more closely than ever before.

As things stand, Piscan may have unintentionally sparked a new chapter in the Pi Network’s evolution – one where the community doesn’t just support the project, but actively audits it too.

Read also: Pi Network Could Be the Biggest Rug Pull of 2025 – Analyst Reveals Shocking Details No One Is Talking About