Pi Coin Faces Rug Pull Claims: Analyst Suggests Inside Manipulation

Crypto commentator Dr. Altcoin has accused the Pi Network Core Team of executing a “rug pull” after the price of Pi surged to $1.60, potentially driven by hype surrounding Consensus 2025 and the promised Pi Ecosystem reveal. According to Dr. Altcoin’s analysis, the team sold off large amounts of Pi at the peak price, leading to a sharp decline following a lack of mainnet launch on May 14th. This sudden plunge has resulted in prices retracing back to their original level of $0.80 and raising questions regarding the legitimacy of the recent gains.