PI Network推出了1亿美元的基金来支持现实世界中的PI硬币项目，但由于Altcoin博士指责Team autement of Altcoin of Altcoin autement of Altcoin auther tem autter Price跌落了50％

随着投资者担心集中式供应和未满足的Mainnet承诺，Pi Coin从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.

加密分析师Altcoin博士提出了针对PI Network的令人不安的案件，该案件在1亿美元的基金宣布下，其硬币下降了近50％。

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

随着投资者担心集中供应和未满足的主网承诺，PI硬币跌幅近50％。 （图表：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.

经过六年的发展，PI Network终于推出了1亿美元的基金，以支持Pi Coin的现实世界项目。然而，尽管看涨意图，但在宣布这一消息后，硬币的价格下降了，这一事件在过去六个月中发生了。

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.

现在，一位加密分析师将该项目置于一个不好的角度，声称PI Core Team成员专注于误导社区并策划安静的地毯。

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谓的“ Pi Network的垮台”。他声称该团队使用炒作和误导性叙事来提高Pi的价格，同时悄悄地兑现了最高水平。

Pi Coin Community Feels Betrayed Amid Missing Utility

PI硬币社区感到失踪

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.

分析师首先强调了一个3月的视频，共同创始人的妻子说，建立PI生态系统并确保其实用性花了六年时间。但是，他认为，真正的公用事业和分散应用程序（DAPP）仍在开发中，直到现在才通过PI Network Ventures资助。这个新的资金部门于5月14日推出，当时许多人预计将出现完整的主网，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.

根据分析师的说法，PI Core团队利用其称为“先驱者”的用户群来免费晋升，直到获得资金为止。但是现在，团队完全停止使用“开拓者”一词。进一步增加了社区的关注点，最近透露，所有PI硬币都是预先开采的，用户尚未知道的，并且大多数KYC流程都由AI处理。

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的核心团队拥有89％的令牌供应，使用户担心像Terra Luna发生的事情一样可能的垃圾场。

Pi Coin Price Crash

PI硬币价格崩溃

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，他声称，核心团队在2025年共识赛事之前创造了炒作，并承诺将PI的价格从0.40美元提高到1.60美元，并承诺有充满活力的PI生态系统和100个现成的Dapps。但是在幕后，据说该团队已经售出了数十亿美元的价值数百万美元的PI令牌，而用户仍然专注于乐观的更新。

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.

从那时起，PI下降了近50％，现在交易约为0.80美元，可能会返回0.40美元。分析师说，由于没有进行重大的主网更新，该团队有效地“抢了”了社区，但在未能满足发展承诺的同时赚钱。

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.

如果被证明是正确的，这些主张标志着对早期PI采用者的信任，他们相信长期价值和公平分配。从一开始，人们一直担心PI网络，因为它强调邀请朋友和缺乏可笑的硬币。尽管在2018年推出，但Pi的主网尚未完全实现，与大约同时开始的其他硬币形成了鲜明的对比。