Claims that the Pi Network team is behind recent selling pressure of the cryptocurrency have sent shockwaves through the crypto world. Accusations, made public by community insider Mr. Spock, suggest the team released 1.2 million PI coins due to financial struggles and a lack of income-generating products. This assertion has ignited debate within the Pi Network community about the project’s long-term stability. The Core Team is at the center of the accusations, with many claiming they are responsible for triggering the sharp price decline of PI coins, which dropped from $3 to $0.20. 2020 court documents further exposed internal mismanagement, highlighting the project’s financial fragility. Despite ongoing development efforts and initiatives like a decentralized exchange (DEX) on the test network, the Pi coin has faced a significant depreciation over recent weeks, eroding investor trust. The future of the project remains uncertain as some believe these sales may be driven by project development costs to fund updates for the upcoming protocol 23, while others remain concerned about potential public ‘rug pull’ attempts.