Pi Network Under Fire: Allegations of Internal Selling Threaten Growth

Allegations of internal selling have cast a shadow over the Pi Network, with concerns mounting about the platform’s future. Blockchain researcher Atlas revealed significant trading activity involving 12 million Pi coins, allegedly moved from a wallet connected to Pi Core team members to cryptocurrency exchanges. This coincided with a sharp drop in Pi’s market value by more than 50%. This sudden price decline raises alarm bells among the 60 million potential users and has ignited fears of a potentially massive financial exit worth $8 billion.