Pi Network Under Scrutiny: Concerns About Centralization and Potential Crash

Pi Network, once hailed as a promising mobile cryptocurrency platform, is facing growing scrutiny for its centralized structure and opaque operations. This has led to comparisons with Terra Luna’s collapse in 2022, raising concerns about potential price instability. The project, boasting a user base of over 60 million users, has attracted intense attention due to its controversial approach to token release and lack of full decentralization.