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Pi Network Token Plummets 55% From Peak Amid Scam FUD and Ecosystem Fund Skepticism
Pi Network Token Plummets 55% From Peak Amid Scam FUD and Ecosystem Fund Skepticism
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token has faced extreme volatility, crashing 55% from its May 8 all-time high of $1.6796 to current levels around $0.75. This downturn persists despite the Pi Core Team’s recent announcement of a $100 million ecosystem development fund. Community sentiment remains bearish, with many investors interpreting the fund announcement as a potential exit liquidity play.
New allegations of coordinated pump-and-dump activity and suspicious whale wallet movements have further damaged confidence. The timing of the Pi CORE Team’s job opening announcements has added to growing concerns about project governance, with the community demanding greater transparency amid increasing regulatory scrutiny.
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