PI网络的承诺已经出现了新的关注浪潮

加密研究员“ Atlas”声称PI网络参与欺骗性实践后，在加密货币领域中出现了新的关注浪潮。

A new wave of concern has emerged in the cryptocurrency space after crypto researcher “Atlas” alleged that Pi Network is involved in deceptive practices.

加密研究员“ Atlas”声称PI网络参与欺骗性实践后，在加密货币领域中出现了新的关注浪潮。

In a series of detailed posts shared on X (formerly Twitter), Atlas accused the Pi Coin team of orchestrating what could be one of the largest crypto-related frauds of 2025. According to him, the project lacks transparency, real user activity, and proper technological infrastructure, raising questions about its credibility.

在一系列X（以前为Twitter）上的一系列详细帖子中，Atlas指责PI硬币团队策划了2025年与加密货币相关的最大欺诈行为之一。据他说，该项目缺乏透明度，真实的用户活动和适当的技术基础设施，提高了有关其可信度的问题。

These claims have gained wide attention after a rapid sell-off of Pi tokens reportedly caused the token’s price to fall by over 50% in just a few hours. This event led to renewed scrutiny of the project’s background, structure, and real-world usage.

据报道，据报道PI代币的迅速抛售导致令牌的价格在短短几个小时内下降了50％以上，这些主张引起了广泛的关注。该活动导致对项目的背景，结构和现实世界的使用进行了重新审查。

Pi Network Activity and Platform Structure Raise Concerns

PI网络活动和平台结构引起了人们的关注

Atlas stated that over 12 million Pi tokens were dumped in a short period, causing major price volatility. He claimed this dump was not just speculative behavior but possibly linked to a coordinated selloff involving key wallets.

阿特拉斯（Atlas）表示，在短时间内倾倒了超过1200万个PI令牌，导致了重大价格波动。他声称，这个垃圾场不仅是投机行为，而且可能与涉及关键钱包的协调抛售有关。

A user named Moon Jeff (@CRYPTOAD00) also raised alarms on social platform X, writing:

一个名为Moon Jeff（@cryptoad00）的用户还在社交平台上发出了警报X，写作：

These claims have sparked discussion and scrutiny over the token's value and the project's ability to deliver on its promises.

这些主张引发了对代币的价值以及项目兑现承诺的能力的讨论和审查。

According to Tokenview data, a single wallet on the Pi Chain is holding a staggering 11.9877 billion Pi tokens, valued at $1.2786 billion at the current market price of $0.1067.

根据Tokenview数据的数据，PI链上的一个钱包的持有惊人的119.87亿PI令牌，价值为12.786亿美元，目前的市场价格为0.1067美元。

This large concentration of tokens in a single wallet has fueled concerns of centralized control over the token supply.

单个钱包中的这种大量令牌引起了人们对代币供应的集中控制的关注。

According to reports, several blockchain analysts have expressed their skepticism toward Pi Network due to a lack of technical merit and a flawed economic model.

据报道，由于缺乏技术优点和有缺陷的经济模式，几位区块链分析师对PI网络表示怀疑。

Started in 2019, the project became a way for users in countries where traditional mining is not possible due to hardware or energy limitations to ‘mine’ Pi using their phone.

该项目始于2019年，成为了由于使用手机使用硬件或能源限制而无法进行传统采矿的国家的用户。

However, multiple experts continue to insist that there is not actually any mining occurring. What they are operating is a user acquisition platform, rather than a blockchain network.

但是，多位专家继续坚持认为实际上没有发生任何采矿。他们正在运行的是用户获取平台，而不是区块链网络。

Past Privacy Breaches and Lack of Technical Disclosure

过去的隐私漏洞和缺乏技术披露

This is not the first time Pi Network has faced questions about its operations. In 2021, a leak involving 17GB of user data from Vietnam led to privacy concerns.

这不是PI网络第一次面对其操作问题。在2021年，涉及越南17GB用户数据的泄漏引起了隐私问题。

Around the same time, regulators in China warned the public about Pi’s data collection methods. They described the app as potentially harmful, especially to elderly users, citing risks to their financial information and personal identity.

大约在同一时间，中国的监管机构警告公众有关PI的数据收集方法。他们认为该应用程序可能有害，尤其是对老年用户的有害，理由是他们的财务信息和个人身份风险。

Bybit CEO Ben Zhou also criticized the project. In a public statement, he said,

Bybit首席执行官本周还批评了该项目。他在公开声明中说，

“Yes, I still think you are a scam, and no, Bybit will not list scam.”

“是的，我仍然认为您是一个骗局，不，拜特比特不会列出骗局。”

Zhou clarified that Bybit had never attempted to list Pi and accused the Pi team of spreading misinformation.

周说，拜比特从未试图列出PI，并指责PI团队传播错误信息。

Another concern among observers is the lack of open-source code and the absence of working decentralized apps (dApps). While many crypto projects operate transparently with community input and public code, Pi Network has yet to release its core codebase.

观察者的另一个问题是缺乏开源代码和缺乏工作分散应用程序（DAPP）。尽管许多加密项目在社区输入和公共代码中透明地运行，但PI网络尚未发布其核心代码库。

According to critics, without this, users cannot verify how the network works or whether the coins they are mining have actual value.

根据评论家的说法，没有此事，用户将无法验证网络的工作原理，或者他们正在挖掘的硬币是否具有实际价值。

During the Consensus 2025 conference, Pi Network founder Dr. Nicolas Kokkalis made an appearance that many believed would bring new announcements. Instead, his keynote focused on general ideas involving AI and blockchain, without offering any updates on development timelines.

在2025年共识会议上，PI网络创始人Nicolas Kokkalis博士露面，许多人认为这会带来新的公告。取而代之的是，他的主题演讲的重点是涉及AI和区块链的一般想法，而没有提供有关开发时间表的任何更新。

Kokkalis later commented online, saying Pi Network operates “in a uniquely challenging space.” He added that they have never asked users for direct monetary investment.

Kokkalis后来在线评论说，PI网络“在一个具有挑战性的空间中运作”。他补充说，他们从未向用户询问直接货币投资。

Pi Token Unlocks and Trading Volume Trends

PI令牌解锁和交易量趋势

Despite the controversies, interest is high in owning Pi Coin. As of now, there are over 5 billion Pi tokens in circulation. That itself has a current estimated market value of over $5.29 billion.

尽管存在争议，但拥有Pi硬币的兴趣仍然很高。截至目前，流通中有超过50亿个PI令牌。该本身目前的估计市场价值超过52.9亿美元。

On-chain data indicates that a large portion of tokens will be unlocked over the coming months.

链上的数据表明，在接下来的几个月中，很大一部分令牌将被解锁。

Just in May alone in 2025, over 125,125 million Pi tokens were released into circulation, accounting for approximately $92 million. The number will increase in June and July. After which the token unlock amounts are expected to decrease steadily from August.

仅在2025年5月，超过1.251亿PI令牌被释放到流通中，约为9200万美元。这个数字将在6月和7月增加。之后，令牌解锁量预计从八月开始稳步下降。

After that, around only 132 million tokens are expected to be unlocked in August 2025, with the numbers getting even lower in the following months.

此后，预计2025年8月只有1.32亿个令牌将被解锁，在接下来的几个月中，数字甚至更低。

The falling token unlocks could mean less selling pressure in the market. By slowing down the supply, it might create the environment that could help Pi Network’s price stabilization or growth as long as new announcements and community participation in development remain strong.

落下的令牌解锁可能意味着市场上的销售压力较小。通过减慢供应的速度，只要新的公告和社区参与发展仍然很强，它可能会创造有助于PI网络的价格稳定或增长的环境。