Pi Network Under Fire: Rug Pull Allegations Spark Controversy

The Pi Network, once hailed as a promising cryptocurrency initiative, is now facing serious accusations of a “rug pull,” a practice where the core team manipulates market prices for personal gain. Crypto analyst Dr. Altcoin has accused the Pi Core Team on X (formerly Twitter) of deliberately misleading the community and exploiting their hype to orchestrate a price manipulation scheme leading to an abrupt decline in Pi Coin’s value. 💰 Dr. Altcoin’s accusations center around the Pi Ecosystem announcement, which amplified Pi’s price from $0.40 to $1.60 before abruptly plummeting back down to its original level of $0.80. 📉 The team allegedly sold off millions of tokens during this period, leaving a trail of disillusionment among the community who believed in the project’s potential. 🤔