Pi Network in Freefall? Insiders Dump Millions as Pi Coin Teeters on the Brink

Another day, another crypto project bleeding out while early adopters cash in. Pi Network—the ’mobile-mined’ token that promised to democratize crypto—is now watching its insiders sprint for the exits. Millions of Pi coins hit the market this week, and the price is buckling faster than a DeFi protocol during a bank run.

Is this the beginning of the end? The so-called ’mainnet’ launch did little to stabilize the ship, and now the sharks are circling. Retail investors who held through years of ’mine now, trade later’ promises are left holding bags heavier than a Bitcoin maximalist’s ego.

Let’s be real: if your crypto’s biggest utility is fueling Telegram group hopium, you’re not building the future—you’re running a glorified Ponzi. Pi’s price chart isn’t just dipping—it’s tracing the trajectory of a brick tossed off a skyscraper. But hey, at least the insiders got theirs. Welcome to crypto, where the house always wins.

The rise and fall of Pi Coin

In 2019 PI Coin started an online campaign, encouraging people to download its mobile app and mine its token for free. Millions of people jumped on but the fame soon faded out. Apart from seeing your coins in the app, there was no blockchain connection. It was difficult to tell if Pi Coin was actually a coin, or just a type of mobile game.

Pi coin’s rise and fall. Source: Coingecko

But in early 2025, Pi Coin finally launched. The coin became popular again, and after a quick drop, Pi Coin exploded. It appreciated by over 100%, climbing to as high as $3 before crashing back to the ground.

Pi Coin traded below $1 for the next few months before going through another boom in May, courtesy of a resurgent crypto market. But that momentum has suddenly died down. Crypto investors are wary about Pi Coin’s future but the worst is yet to come, it seems.

Crypto analyst slams Pi Coin

Influential crypto analyst Atlas has labeled Pi Coin a major rug pull after someone dumped 12 million PI and crashed the coin’s price by 50%. This sell-off happened after Pi surged to $1.60, and it has sparked allegations of insider manipulation.

Pi’s surge in May coincided with rumors of a possible listing on Binance and a major announcement on May 14. But after the rumors turned out to be false and no announcements were made, PI’s price tanked.

According to Atlas,  PI insiders were making their MOVE whilst teasing users with rumors of a new upgrade. PI coin now trades around $0.75, but can it fall to zero?

Pi Network price prediction

Pi Network’s short-term indicators offer little clarity on its future. The RSI hovers around 48, just below the neutral 50 zone. The MACD histogram is flat, suggesting that the market is in a wait-and-see mode.

Pi must break key resistance levels to renew hopes of a rally. Source: Wolffxtrader/TradingView

But despite the bearish sentiments around PI, the coin has a few positives. PI has maintained strength above the 0.5 and 0.618 Fibonacci retracement levels at $0.721 and $0.707. It must break the $0.80 resistance zone to unlock potential for future gains.

Pi network might depreciate disappointingly in the NEAR future, but the chances of the coin going to zero are quite slim.

The bottom line

The sour notes of Pi Network price predictions doesn’t make the coin attractive as an investment option. Rumors of malfeasance at the top level does no good for upcoming projects like this, and the fact that PI has little to no utility makes it even less attractive.

That’s why PI holders are dumping the coin. For those seeking a coin with real use case, tremendous potential and a surging momentum, Remitix (RTX) offers succor. It ports a PayFi protocol that enables its users to streamline crypto-fiat transactions, which makes it a future XRP but with less problems.

Investors are rushing the presale, with half a billion tokens sold already. Going for $0.0781, Remittix looks set to usher in immense returns for early traders to the tune of 50x to 100x. That’s why it’s the best coin to buy now.

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Website: https://remittix.io/

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