Pi Network Under Fire: Rug Pull Allegations Surface as Token Price Tumbles

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-17 07:22:14

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Network’s launch of a $100 million fund to support real-world Pi Coin projects has been met with skepticism following a post-announcement price decline. crypto analyst Dr. Altcoin has accused the Pi Core Team of executing a quiet rug pull, using hype to artificially inflate the token’s value before withdrawing profits.

The community feels betrayed, pointing to a lack of utility despite years of development. Criticism has intensified over a March video featuring the co-founder’s wife promoting the ecosystem’s six-year buildup, with claims that investors were misled.

By:

Log in to Reply

Pi Network’s Ambitious Vision Faces Structural Challenges Despite AI and Ecosystem Growth

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.