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#PI Pi Network is facing the biggest scam of 2025, with insiders complaining one after another.
Pi Network ( is facing its biggest crisis to date, as a leading cryptocurrency investigator accuses it of an $8 billion internal sell-off related to the Pi core team. Posts circulated by investigator Atlas have sparked a wave of panic in the PI community, claiming that over 12
According to CoinMarketCap, the trading price of PI is $0.7312, having dropped over 35% in the past week. "Stop following notifications. Focus on the wallet," Atlas warned, sharing the token's behavior timeline: May 1: PI's price was $0.6135. May 12: PI peaked at $1.6704, a growth of 113.2%. Starting from May 14: PI has decreased by over 56%, currently trading at around $0.7270. While the Pi core team has not made an official statement, some supporters claim that the movement of the token is part of the standard process of migrating from testnet to mainnet. Atlas dismissed this explanation, pointing out the lack of transparency regarding wallet links and transactions. The unlocking of tokens and centralized exchange balances has raised new concerns. With the market's unease, 5.7 million PI tokens were unlocked today, impacting a market that is already under significant pressure. The amount of PI held on centralized exchanges has surged to a record 397 million, raising fears of another sell-off.
Market analysts warn that unlocked supply may continue to suppress PI prices unless purchasing volume increases significantly. The community is demanding explanations as accusations about wallets are increasing. Cryptocurrency influencer Dr. Altcoin claims that the Pi core team operates over 10,000 wallets and sub-wallets, most of which are hidden from public view. He calls for transparency and urges PI holders to demand answers instead of blindly supporting the project. Chain analysts indicate that only seven large wallets can be fully tracked, deepening community concerns about undisclosed supply and internal control. As the unlocked supply of the token enters the market, many wallets are being monitored, and market analysts warn that unless investor demand recovers, PI prices may continue to be under pressure.