The Pi Network is facing scrutiny after allegations surfaced suggesting the core team may have been responsible for a significant sell-off of its PI tokens, leading to a 90% drop in value over the past month. These claims, according to reports, stem from the alleged sale of 1.2 million PI tokens. This has fueled community skepticism about the project’s transparency and its ability to address these issues effectively. The Pi Network’s official communication channels remain largely silent on these allegations, leading to increased scrutiny from members of the community. Notably, prominent Pi Community Expert Mr. Spock has expressed concern, stating that he believes the core team is selling PI tokens for personal gain. Meanwhile, Vincent McPhillip, a former executive who left the project due to prior accusations of mismanagement, continues to raise concerns regarding the network’s financial practices. This recent sell-off has also significantly impacted the PI token price, and its liquidity remains controlled by the Pi Network core team and several key wallets. Despite attempts to address these concerns through communication channels, the community remains skeptical, especially given past challenges faced by the project including delays in the mainnet launch and KYC process difficulties. The current situation has fueled a sense of distrust among the community.