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Pi Network Under Fire: Rug Pull Allegations Emerge as Price Tumbles and Community Trust Erodes
Pi Network Under Fire: Rug Pull Allegations Emerge as Price Tumbles and Community Trust Erodes
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s recent launch of a $100 million fund aimed at supporting real-world Pi Coin projects has backfired, with the coin’s price declining post-announcement. crypto analyst Dr. Altcoin has accused the Pi Core Team of orchestrating a quiet rug pull, allegedly leveraging hype to inflate the token’s value before cashing out.
Community frustration is mounting as promised utility fails to materialize. A March video featuring the co-founder’s wife promoting six years of ecosystem development now appears disingenuous, with decentralized applications (DApps) still in their infancy. The project’s credibility is now in question as investors debate whether Pi Network is a genuine innovation or an elaborate exit strategy.
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