Pi Network Under Fire as Alleged 1.2 Million PI Token Dump Sparks Market Crash

The Pi Network community is facing turmoil following allegations of a significant dumping of 1.2 million PI tokens, which has triggered a market-wide price crash and raised concerns about transparency. The alleged dump, involving the Pi Network team itself, has been met with silence from leadership, including founders Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. A lack of public statements or confirmation of any activity related to the large-scale token sale has fueled mistrust among community members as PI’s value has plummeted over 90% since its post-mainnet high.