PI Network Coin（PI）下跌50％，随着2025年共识之后的地毯拉力指控爆发

PI Network Coin（PI）在过去一周中下降了50％，从5月12日的当地高点为1.60美元，5月20日的交易量约为0.73美元。结束了早期的集会，这使PI的价值上升了，因为PI的猜测是由于2025年的共识和1亿美元的PI网络Ventures Fentures Fentures Fentures Fentures Fentures Fentures Fentures宣布了很大的宣布。

The price of Pi Network coin (PI) fell 50% in the past week. From a local high of $1.60 on May 12, the token dropped to around $0.73 by May 20.

过去一周，PI Network Coin（PI）的价格下跌了50％。从5月12日的当地高点为1.60美元，到5月20日，代币降至0.73美元左右。

The decline brought an end to what had been an early rally, which saw PI’s value rise due to speculation of a big announcement at Consensus 2025 and the launch of a $100 million Pi Network Ventures fund.

下降终结了早期的集会，由于猜测在2025年共识和启动1亿美元的PI Network Ventures Fund的宣布，PI的价值上升了。

However, instead of presenting a mainnet update or info on token utility at the event, project co-founder Nicolas Kokkalis spoke about AI, decentralization, and digital trust. None of his statements included any mainnet or PI token updates.

但是，项目联合创始人尼古拉斯·科卡利斯（Nicolas Kokkalis）没有在活动中提供主网更新或关于令牌实用程序的信息，谈到了AI，权力下放和数字信任。他的陈述都没有任何主网或PI令牌更新。

This brought about a sell-off nearly immediately, as Kokkalis advised the audience to “be cautious,” while also touting Pi Network’s long-term vision. But the co-founder failed to clarify any timelines or address concerns about token circulation.

这几乎立即引起了抛售，因为科卡利斯建议观众“谨慎”，同时也吹捧PI Network的长期愿景。但是联合创始人未能澄清任何时间表或解决有关令牌循环的担忧。

This omission sparked criticism on social media, with some Pi supporters demanding more accountability and answers from the project.

这种遗漏引起了社交媒体的批评，一些PI支持者要求对该项目的更多责任感和答案。

On-chain observers also flagged suspicious movements around the same time. A wallet, which is linked to the project, was seen transferring over 12 million PI to exchanges during peak price action.

链上观察者还在同一时间标记了可疑运动。与该项目相关的钱包被发现在高峰价格行动期间转移了超过1200万个PI进行交流。

Although the team framed it as a user migration-related transaction, some skeptics alleged it was a case of insiders dumping tokens during the rally.

尽管该团队是作为用户迁移相关的交易而将其框起来的，但一些怀疑论者称，这是内部人员在集会期间倾倒令牌的情况。

The project's tokenomics also remains murky, with no public vesting schedules and a majority of the supply still locked under centralized control.

该项目的标记学也很模糊，没有公共归属时间表，大部分供应仍在集中控制下。

Pi Coin Struggles Below Key Resistance As Selling Pressure Returns

随着销售压力回报，PI硬币斗争低于关键阻力

Pi Coin continues to bleed value after its failed breakout, now trading near $0.73. The price has slipped below the 20-day EMA, reflecting a breakdown in short-term momentum. Trading volume has also dried up, signaling declining interest from both bulls and bears.

Pi Coin在突破失败后继续出现溢出价值，目前交易量接近0.73美元。价格已低于20天的EMA，反映了短期势头的破裂。交易量也干燥，表明公牛和熊的兴趣下降。

The immediate resistance is sitting at $0.85, marked by the 0.618 Fibonacci level. This level previously acted as a pivot during the rally and now caps any recovery attempts. Flipping the immediate resistance would target the resistance at $0.97, which aligns with the 0.786 Fib zone.

即时电阻为0.85美元，标有0.618斐波那契水平。该级别以前在拉力赛期间充当枢轴，现在可以限制任何恢复尝试。将立即电阻翻转为0.97美元的电阻将与0.786 FIB区保持一致。

This level, on the other hand, is expected to offer strong resistance, as it slammed the price on the May 16 spike, showcasing its strength. Above that, the final marked resistance stands at $1.13, the 1.0 Fib retracement. It represents the failed breakout level that triggered the reversal and now acts as a major ceiling.

另一方面，这一水平有望提供强烈的抵抗力，因为它抨击了5月16日的峰值的价格，展示了其强度。在此之上，最终标记的电阻为1.13美元，即1.0 FIB回撤。它代表了失败的突破水平，触发了逆转，现在充当了主要天花板。

On the downside, the Pi Network coin is hanging just above the marked support at $0.68. A daily close below this area would open the door to the next marked support around $0.57, where the 0.236 retracement aligns with historical consolidation levels.

不利的一面是，PI网络硬币悬挂在明显的支撑上，为0.68美元。该区域下方下方的每日关闭将为下一个标记的支撑打开大门，左右为0.57美元，其中0.236的回溯与历史合并水平保持一致。

The Relative Strength Index (RSI) is hovering at around 47, offering no edge to either the bulls or bears. The lack of momentum and the repeated failures at key resistance zones suggest distribution.

相对强度指数（RSI）徘徊在47左右，对公牛或熊没有任何边缘。缺乏动量和关键阻力区域的重复故障表明分布。

This recent rejection from $1.13 confirmed the exhaustion in speculative demand. Without a catalyst or structural support, Pi risks slipping further into lower demand zones. The trend has flipped bearish again, and any upside move now requires a clean reclaim of $0.85 with volume. Until then, Pi remains vulnerable to deeper corrections

最近的1.13美元拒绝证实了投机需求的精疲力尽。没有催化剂或结构支持，PI风险进一步滑入较低需求区域。这种趋势再次使看跌趋势，现在任何上行移动都需要使用数量为0.85美元的清洁收回。在此之前，PI仍然容易受到更深入的更正

Rug Pull Allegations Erupt After Consensus 2025

达成共识2025年后，地毯拉力指控爆发

Allegations of a calculated rug pull have engulfed the Pi Network following its appearance at Consensus 2025.

在2025年共识中出现后，计算出的地毯拉力的指控席卷了PI网络。

Crypto analysis X accounts Dr. Picoin and Atlas accused the Pi Core Team of orchestrating a price spike ahead of the event, only to offload millions of tokens during peak euphoria.

加密分析X帐户Picoin和Atlas博士指责PI Core团队在活动之前策划价格飙升，仅在Euphoria高峰期间将数百万个令牌卸载。

Dr. Picoin triggered the controversy on May 17, highlighting what he called a “coordinated dump” by the team. The analysis linked a bulk transfer of 12 million PI from a wallet used by the project to a major exchange.

Picoin博士在5月17日引发了争议，突出了他所说的团队“协调垃圾场”。该分析将项目从项目用钱包中的1200万个PI转移到主要交易所。

The move happened at the peak of the token’s rally, which some reports valued at over 300% since the start of the year. The Countertopen.io data shows a huge spike in trading volume on Huobi exchange at the same time.

此举发生在令牌拉力赛的高峰期，自今年年初以来，一些报告的价值超过300％。 TheTopen.io数据显示，同时在Huobi交换的交易量中有很大的上升。

The crypto analyst claimed the timing was suspicious, especially with the project touting the launch of 100 DApps and the Pi Ecosystem rollout at Consensus 2025. However, to the disappointment of fans, the Core Team did not present any mainnet or token utility updates.

这位加密分析师声称，时间安排是可疑的，尤其是该项目在吹捧2025年共识时的100个DAPP和PI生态系统推出。但是，令粉丝们失望的是，核心团队没有出现任何Mainnet或Doken Utilition更新。

Instead, they announced the launch of a $100 million Pi Network Ventures fund to invest in Web3 startups and a new partnership with the University of Stanford. But critics say this was an attempt to mask the lack of progress with the mainnet launch and token use cases.

取而代之的是，他们宣布启动了一项耗资1亿美元的PI Network Ventures基金，以投资于Web3初创公司，并与斯坦福大学建立了新的合作伙伴关系。但是批评家说，这是一种试图掩盖主网发布和代币用例缺乏进展的尝试。

His statements sparked a heated debate among crypto

他的言论引发了加密货币的激烈辩论