#PI The pioneer goes crazy! In July 2025, the crypto world was swept by an explosive piece of news: the core team of Pi Network was accused of secretly dumping 12 million Tokens, cashing out up to $8 billion. On-chain data exposed by renowned investigator Atlas showed that a developer's Wallet associated with the project concentrated on dumping during the big dump of Pi coin prices, with operational tracks highly coinciding with the market crash. Ironically, on the day the scandal broke, 5.7 million Pi coins were unlocked and flowed into the market. The inventory on the Centralized Exchange instantly surged to a historical peak of 397 million coins, and a new round of dumping crisis hung like a sword over the market. At this time, the price of Pi coin had already fallen to $0.73, evaporating over 35% of its market capitalization within a week.