Pi Network Under Fire: Is the Cryptocurrency Project a Rug Pull?

Allegations are swirling that the Pi Network’s core team misled its community with promises of significant updates, which failed to materialize. Dr. Altcoin criticizes the Pi Core Team for making ambitious announcements without delivering on their substantial mainnet features. Key parts of the ecosystem like decentralized apps (DApps) remain underdeveloped, according to the analyst, while only recently have utility projects received funding through Pi Network Ventures. This lack of progress has led to a significant drop in Pi Coin’s price.