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#PI The Pi network faces the biggest eyewash in 2025, insiders complain.
Pi Network (PI) is facing its biggest crisis to date, as a leading cryptocurrency investigator accused it of an internal sell-off worth $8 billion, related to the Pi core team. A post from investigator Atlas has caused 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 watching notifications. Pay attention to the wallet," Atlas warned, sharing a timeline of the token's behavior: May 1: PI's price was $0.6135. May 12: PI reached a peak of $1.6704, an increase of 113.2%. Starting from May 14: PI has dropped over 56%, with the current trading price around $0.7270. Although the Pi core team has not made an official statement, some supporters suggest that the movement of the token is part of the standard testnet to mainnet migration process. Atlas questioned this explanation, pointing out the lack of transparency regarding wallet links and transactions. The unlocking of tokens and the balance at centralized exchanges has triggered new panic. With the unlocking of 5.7 million PI tokens today, the market's unease has intensified, once again flooding into a market already under significant pressure. The amount of PI held by centralized exchanges has surged to a record 397 million, raising concerns about the possibility of another wave of sell-offs.
Market analysts warn that the unlocked supply may continue to suppress the price of PI unless purchasing 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 defend the project. Chain analysts state that only seven large wallets can be fully tracked, deepening the community's 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 remain under pressure.