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Pi Network Token Slides to $0.75 Amid Market Volatility and Community Concerns
Pi Network Token Slides to $0.75 Amid Market Volatility and Community Concerns
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s token price continues its downward trend, dropping to $0.75 after briefly reaching $1.6796 on May 8. This decline persists despite the Pi Core Team’s recent announcement of a $100 million ecosystem fund to boost network development. Market analysts note the token has significantly retreated from its late-February peak of $2.98.
Concerns have emerged regarding potential pump-and-dump schemes and suspicious wallet activity, raising questions about the project’s integrity. The timing of new job openings from the Pi CORE Team has further heightened skepticism within the community, with some members questioning the team’s focus during this period of declining token value.
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