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#PI Pi Network faces the biggest scam of 2025, with insiders complaining one after another.
The Pi Network ( is facing its biggest crisis to date, as a leading cryptocurrency investigator accuses it of being involved in an internal sell-off worth 8 billion USD, related to the Pi core team. A post leaked from investigator Atlas has sparked 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. Pay attention to the wallet," Atlas warned and shared the token's behavior timeline: May 1: The price of PI was $0.6135. May 12: PI peaked at $1.6704, an increase of 113.2%. Starting from May 14: PI has decreased by over 56%, currently trading at around $0.7270. Although the Pi core team has not made an official statement, some supporters claim that the token's liquidity is part of the standard testnet to mainnet migration process. Atlas refuted this explanation, pointing out the lack of transparency in wallet links and transactions. The unlocking of tokens and centralized exchange balances has raised new concerns. With market unrest, 5.7 million PI tokens were unlocked today, impacting a market already under significant stress. The current number of PI held on centralized exchanges has surged to a record 397 million, raising concerns about another wave of sell-offs.
Market analysts warn that unlocked supply could continue to pressure the price of PI unless buying volume increases significantly. The community is demanding explanations as accusations regarding wallets are on the rise. 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 rather than blindly support the project. Chain analysts indicate that only seven large wallets can be fully traced, 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, the price of PI may continue to be under pressure.