Pi Network Accused of Rug Pull Scheme as Token Price Volatility Sparks Controversy

Pi Network, once considered a promising cryptocurrency initiative, is now embroiled in serious rug pull allegations against its core team. Prominent crypto analyst Dr. Altcoin has publicly charged the Pi Core Team with market manipulation through coordinated hype and misleading announcements.

The allegations focus on the team’s activities leading up to Consensus 2025. According to reports, the Pi Core Team allegedly pumped the token’s price from $0.40 to $1.60 using strategic announcements about the ’Pi Ecosystem’ and conference participation. ’They generated massive HYPE before executing their exit strategy,’ Dr. Altcoin claimed in a viral social media post.

These accusations emerge as alternative cryptocurrencies face increased scrutiny. While Bitcoin and ethereum maintain strong institutional interest, projects like Pi Network are under growing pressure to prove their legitimacy beyond mere price speculation.