Pi Network Community Panics as Pi Coin Plummets Over 20%: What is Happening?

In the past 24 hours, the Pi Network community has been in shock as the price of Pi Coin suddenly plummeted sharply, from a recent peak of 1.60 USD down to 0.7017 USD – equivalent to a decline of over 20%. Notably, this drop occurred just after the conclusion of the Consensus 2025 event, where the Pi Core Team had previously committed to launching a fully functional Mainnet and building a vibrant ecosystem. However, the famous cryptocurrency analyst known as Dr Altcoin has just made a series of notable allegations – raising serious questions about what is happening behind the scenes of Pi Network. "Does the Pi Core Team no longer need the community?" According to Dr. Altcoin, the latest moves from the Pi Core Team suggest that they may be gradually sidelining the "Pioneers" community – those who have accompanied the project for many years. He pointed out: In March, the development team called on Pioneers to strengthen communication and promote the Pi Network. They announced it took 6 years to build Pi into a "ready-to-use" platform. But now, with funding from Pi Network Ventures, Dr. Altcoin believes the community is being sidelined. Notably, in recent updates, the term "Pioneers" has completely disappeared – this further reinforces doubts about the development team no longer prioritizing the community. Has Pi been "mined" before? One of the most controversial accusations is that the entire supply of Pi Coin has been "pre-mined" – meaning that the founding team retains the majority of the supply from the very beginning. This contradicts the common belief that users are actually "mining Pi" over the years. Dr Altcoin warns: if this is true, then the development team has full control over the supply and pricing, turning Pi Network into a centralized project – completely contrary to the decentralized spirit that they once claimed. Has there been a "silent dump"? Dr Altcoin also accused that during the hype of Consensus 2025, about 12 million Pi Coin was quietly sold off by the development team. He called this a "rug pull" carried out right in front of the community, while people were distracted by positive information about DApp and Mainnet. However, a part of the community argues that there is no clear on-chain evidence showing that there is a sell-off from the development team. They argue that this may only be internal transactions or transferring Pi to users' wallets after KYC. Automating KYC raises concerns about privacy. Dr. Altcoin also raised significant concerns about the new automated KYC process, suggesting that it could undermine the accuracy of user verification and threaten privacy. He warned that reduced oversight could lead to system abuse in the future. It is predicted that Pi may fall to 0.40 USD Based on the factors mentioned above, Dr. Altcoin believes that the price of Pi may continue to fall and a new bottom could be 0.40 USD. He advises users to be patient and wait to buy at a lower price, while also urging the Pi Core Team to speak publicly about the real reasons behind this price crash. Is there still hope for recovery? Not everyone is pessimistic. Another analyst known as Mr. Spock believes that this is just a temporary correction due to the influence of FUD (Fear – Uncertainty – Doubt). He has faith in the strength of the community and the growth potential of the Pi ecosystem, while also warning: "Pi Network still has value. Don't let yourself be swayed by temporary fear." He also believes that there may be short-selling forces behind the rumors aimed at causing panic among new investors – who account for the majority in the Pi community. Conclusion: What future is there for Pi Network? With the sharp plunge and a series of questions raised, the future of Pi Coin is becoming uncertain. The Pioneers community is distinctly divided between two opinions: One side demands transparency and accountability from the Core Team. The other side maintains trust and sees this as an opportunity to buy at a low price. No matter which side you are on, it is clear that the biggest challenge phase of Pi Network has begun.