Pi Network Flatlines: Is the Hype Over as Pi Coin Tanks?

Another ’next Bitcoin’ bites the dust—Pi Network’s token price nosedive has early adopters scrambling for exits. Remember when mining with your phone sounded too good to be true? Turns out it was.

Behind the crash: zero major exchange listings, dwindling developer activity, and that classic crypto combo of vaporware promises meeting reality. But hey, at least the whitepaper looked pretty.

Pro tip for the next hot mobile-mined coin: maybe wait until it’s actually tradeable before planning your Lambo purchase. Just saying.

The Pi Network community is in shock as Pi Coin plunged over 20% in the last 24 hours, falling from its recent high of $1.60 to just $0.7017. This sharp decline comes right after the Consensus 2025 hype, where the Pi Core Team promised a thriving ecosystem and full Mainnet launch.

But a top Pi analyst, known as, is raising serious concerns about what’s happening behind the scenes—and what it means for millions of Pi users.

Pi Network Core Team No Longer Needs the Pioneers?

According to Dr Altcoin, the Pi CORE Team’s latest moves suggest they may no longer need the community that helped build the network. He points out:

• In March, the Core Team asked Pioneers to promote the project.
  
• They claimed it took 6 years to make Pi Network “ready to use.”
  
• But now that they have funding through Pi Network Ventures, Dr Altcoin believes the community is being sidelined.

In fact, he notes that recent updates from the Core Team have

Pi Was Pre-Mined – And That Changes Everything

One of the most controversial claims is that, meaning the Core Team holds a large portion of the total supply. This contradicts the belief that users were mining PI over time.

Dr Altcoin warns this gives the team, creating a centralized risk in what was supposed to be a decentralized project.

Hidden Sell-Off? 12 Million Pi Moved

Dr Altcoin claims that during the Consensus 2025 hype, the Core Team. He even calls it awhile users were distracted by talk of DApps and Mainnet updates.

However, some users in the community argue there’sof the Core Team selling any tokens. They suggest these wereto pioneer wallets, not evidence of a sell-off.

KYC Automation Raises Privacy Concerns

The analyst also raises concerns over the new, which he says may compromiseand weaken verification standards. With less oversight, he warns the system may become more vulnerable to misuse.

Analyst Predicts Pi May Drop to $0.40

Dr Altcoin believes the price could fall further and advises users tofor a better entry point. He’s demanding that the Core Team offer a public explanation for the recent crash.

Will Pi Coin Recover? Another Analyst Thinks So

Not everyone agrees with the bearish outlook.

Crypto analystbelieves this is just acaused by FUD (Fear, Uncertainty, Doubt). He points to Pi’s strong community and growing utility, saying:

“Pi Network is still valuable. Don’t fall for the panic.”

He warns that short sellers may beto scare new investors, especially since many Pi holders are.