PI Network推出了1億美元的基金來支持現實世界中的PI硬幣項目，但由於Altcoin博士指責Team autement of Altcoin of Altcoin autement of Altcoin auther tem autter Price跌落了50％

隨著投資者擔心集中式供應和未滿足的Mainnet承諾，Pi Coin從1.60美元跌至0.80美元。

Crypto analyst Dr Altcoin is putting forth a troubling case against Pi Network, which has seen its coin drop nearly 50% amid a $100M fund announcement.

加密分析師Altcoin博士提出了針對PI Network的令人不安的案件，該案件在1億美元的基金宣布下，其硬幣下降了近50％。

Pi Coin plunges nearly 50% as investors fear centralized supply and unmet mainnet promises. (Chart:маштрейдер / TradingView)

隨著投資者擔心集中供應和未滿足的主網承諾，PI硬幣跌幅近50％。 （圖表：截取：截取 / tradingView）

After six years of development, Pi Network has finally launched a $100M fund to support real-world projects with Pi Coin. However, despite the bullish intent, the coin’s price dropped after the announcement, an event that has unfolded over the past six months.

經過六年的發展，PI Network終於推出了1億美元的基金，以支持Pi Coin的現實世界項目。然而，儘管看漲意圖，但在宣布這一消息後，硬幣的價格下降了，這一事件在過去六個月中發生了。

Now, one crypto analyst is putting the project in a bad light, claiming that the Pi Core Team members are focused on misleading the community and orchestrating a quiet rug pull.

現在，一位加密分析師將該項目置於一個不好的角度，聲稱PI Core Team成員專注於誤導社區並策劃安靜的地毯。

In a recent exposé, Dr Altcoin dives into what he calls “the downfall of Pi Network.” He claims that the team used hype and misleading narratives to boost Pi’s price while quietly cashing out at the top.

在最近的一次曝光中，Altcoin博士深入研究了他所謂的“ Pi Network的垮台”。他聲稱該團隊使用炒作和誤導性敘事來提高Pi的價格，同時悄悄地兌現了最高水平。

Pi Coin Community Feels Betrayed Amid Missing Utility

PI硬幣社區感到失踪

The analyst begins by highlighting a March video where the co-founder’s wife stated it took six years to build the Pi ecosystem and ensure its utility. However, he argues that the real utility and decentralized apps (DApps) are still under development and are only now being funded through Pi Network Ventures. This new funding arm was launched on May 14, when many anticipated a full mainnet release, leaving supporters disappointed.

分析師首先強調了一個3月的視頻，共同創始人的妻子說，建立PI生態系統並確保其實用性花了六年時間。但是，他認為，真正的公用事業和分散應用程序（DAPP）仍在開發中，直到現在才通過PI Network Ventures資助。這個新的資金部門於5月14日推出，當時許多人預計將出現完整的主網，使支持者失望。

According to the analyst, the Pi Core Team leveraged its user base, whom they call “Pioneers,” for free promotion up until the funding was secured. But now, the team has stopped using the term “Pioneers” entirely. Further adding to the community’s concerns, it was recently revealed that all Pi coins were pre-mined, something users weren’t informed of, and most KYC processes are handled by AI.

根據分析師的說法，PI Core團隊利用其稱為“先驅者”的用戶群來免費晉升，直到獲得資金為止。但是現在，團隊完全停止使用“開拓者”一詞。進一步增加了社區的關注點，最近透露，所有PI硬幣都是預先開采的，用戶尚未知道的，並且大多數KYC流程都由AI處理。

Most importantly, Pi’s core team has 89% of the token supply, making users worried about a possible dump like what happened with Terra Luna.

最重要的是，PI的核心團隊擁有89％的令牌供應，使用戶擔心像Terra Luna發生的事情一樣可能的垃圾場。

Pi Coin Price Crash

PI硬幣價格崩潰

Moreover, he alleges that the Core Team created hype leading up to the Consensus 2025 event, pushing Pi’s price from $0.40 to $1.60 with promises of a vibrant Pi Ecosystem and 100 ready-to-launch DApps. But behind the scenes, the team is said to have sold tens, if not hundreds, of millions of dollars worth of Pi tokens at the top, while users remained focused on the optimistic updates.

此外，他聲稱，核心團隊在2025年共識賽事之前創造了炒作，並承諾將PI的價格從0.40美元提高到1.60美元，並承諾有充滿活力的PI生態系統和100個現成的Dapps。但是在幕後，據說該團隊已經售出了數十億美元的價值數百萬美元的PI令牌，而用戶仍然專注於樂觀的更新。

Since then, Pi has dropped nearly 50%, now trading around $0.80 and possibly heading back to $0.40. With no major mainnet update delivered, the analyst says the team has effectively “rug-pulled” the community, cashing in while failing to meet development promises.

從那時起，PI下降了近50％，現在交易約為0.80美元，可能會返回0.40美元。分析師說，由於沒有進行重大的主網更新，該團隊有效地“搶了”了社區，但在未能滿足發展承諾的同時賺錢。

If proven true, these claims mark a significant breach of trust for early Pi adopters who believed in long-term value and fair distribution. From the start, there were concerns about Pi Network due to its emphasis on inviting friends and the lack of mineable coins. Despite launching in 2018, Pi’s mainnet is yet to be fully realized, a stark contrast to other coins that began around the same time.

如果被證明是正確的，這些主張標誌著對早期PI採用者的信任，他們相信長期價值和公平分配。從一開始，人們一直擔心PI網絡，因為它強調邀請朋友和缺乏可笑的硬幣。儘管在2018年推出，但Pi的主網尚未完全實現，與大約同時開始的其他硬幣形成了鮮明的對比。