Crypto Chaos: Pi Network’s 90% Crash & The Mysterious Rug Pull!

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The Pi Network’s token price has plummeted by over 90%, and rumors of a rug pull are swirling as the network loses a jaw-dropping 18 billion in value. Shareholders? Well, they’re struggling to stay afloat amidst a storm of liquidity issues and insider drama. 🌪️💸

The Pi Network’s token, once basking in the glory of its February 2025 peak, has now crashed faster than a spaceship with no fuel. After the mainnet launch, the price nosedived, wiping out more than 18 billion in market value in just six months. Talk about a dramatic plot twist. 🎭🚀

Source -X

Investors who eagerly mined Pi instead of, you know, actually purchasing tokens, are now facing a grim reality. They’ve watched their fortunes shrink to a measly 26 cents per token, compared to the dreamy highs of 3 per Pi. 🥴💰

And oh, the drama doesn’t end there. Allegations are flying thick and fast, with some insiders claiming this whole fiasco smells suspiciously like a rug pull. A social media analyst even dubbed the crash a “rug pull,” where the only real winners seem to be the Pi Core Team. The everyday users? Not so much. 😬👀

Reports of liquidity being as scarce as a unicorn at a magic show are popping up everywhere. Selling Pi at the official prices? Well, that’s like trying to find a needle in a haystack made of needles. Investors are left chasing returns in what can only be described as a fantasy ecosystem. 🦄📉

The Pi Core Team’s Cozy Token Hoard & Inside Job Theories

Let’s talk about the Pi Core Team, who are sitting on a veritable mountain of tokens-around 90 billion coins to be exact. Centralization? Oh, just a little. 🏔️

Insider selling has become the talk of the town, with rumors swirling about the Pi Foundation secretly offloading tokens behind closed doors. Blockchain data shows large volumes of tokens being sold off, adding fuel to the fire. Could there be an insider dump orchestrating the entire thing? 💥🤔

Supporters of the team are quick to claim that no initial investment was raised, so technically, no “rug pull” happened. However, with the Pi Foundation holding a massive chunk of the supply, concerns about manipulation are hard to ignore. It’s like letting a kid with a candy stash run the candy shop. 🍬👶

Major exchanges like Binance and Coinbase are keeping Pi at arm’s length, citing transparency and centralization concerns. So, if you were hoping for a price revival, those exchanges might not be your fairy godmother. ✨🚫

Meanwhile, a mysterious whale, who once gobbled up over 383 million Pi coins, has vanished from the buying scene. This exit left a gaping hole in the token’s support, sending the price plummeting even further. Looks like the Pi Network might be in for a long, cold winter. 🐋❄️

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2025-10-07 11:28