Is Pi Network the Greatest Crypto Comedy of 2025? You Won’t Believe This! 😂

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Ah, the tale of Pi Network, a curious endeavor that has danced on the fringes of legitimacy for nearly five years, only to recently emerge from the shadows, much like a shy debutante at a ball. Its native token, a whimsical creature, has begun its frolic in the marketplace, drawing both admiration and skepticism in equal measure.

  • In a world where scrutiny is as common as a cold, Pi Network has found itself at the center of a tempest, its popularity swelling like a balloon at a child’s birthday party.
  • Enter Garland, a self-proclaimed sleuth on X, who has taken it upon themselves to unveil the alleged nefariousness lurking within the Pi Network’s charming facade.

Is Pi Network a Scam?

Garland’s exposé begins with a sardonic recounting of the promises made by the architects of this digital dream, who boldly proclaim to revolutionize crypto mining, all from the comfort of one’s pocket. “No fees, no risks, just free tokens and dreams that are perpetually ‘coming soon,’” quipped Garland, with a wink and a nod.

Yet, dear reader, the plot thickens! Our intrepid investigator points to a veritable cornucopia of red flags, not least of which are the numerous delays in launching the mainnet. A particularly juicy tidbit involves a significant data leak in Vietnam back in 2021, which, one might say, is not the best look for a project claiming to be the future of finance.

Garland also brought to light the scathing remarks of Ben Zhou, the CEO of Bybit, who, after the mainnet launch and the subsequent token crash, declared the project a farce. “A warning from the Chinese authorities in 2023? Oh, what a delightful cherry on top!” he mused, adding that Bybit has no intention of listing the elusive PI token.

Furthermore, Garland unleashed a torrent of skepticism regarding Pi Network’s claim of 60 million active users, suggesting that the reality is more akin to a ghost town, with wallets as active as a sloth on a Sunday. “Referral loops, not real usage,” he lamented, as the community began to awaken from its slumber.

They claim “60M users.”

Reality?

Almost no active wallets.

The whole thing runs on referral loops, not real usage.

And now, even the community is waking up.

Now everyone sees it.

— Garland (@garlandflips) May 20, 2025

PI’s Price Collapse

Ah, the saga of the native token! It has experienced volatility that would make a seasoned rollercoaster operator blush. After its grand debut, it soared to dizzying heights of nearly $3, only to plummet to a disheartening $0.4 in early April.

In a twist worthy of a Shakespearean play, it recently shot back up to $1.7, only to collapse once more to $0.6, all amidst a flurry of hype and the classic ‘sell the news’ maneuver. According to Dr. Picoin, a so-called “respected Pi insider,” the team behind this whimsical protocol allegedly inflated the token’s price solely to offload their holdings onto unsuspecting retail investors.

Wallet GABT7EMP…4GC5G is the one to watch.

Massive outflows exactly during the pump window.

Piscan shows clear exits.

If you’ve seen rugs before, you know the pattern.

Retail was bait, exit liquidity.

— Garland (@garlandflips) May 20, 2025

In a grand finale, Garland concluded that the Pi Network team is merely a troupe of illusionists, distracting the audience with vague promises while “insiders are quietly draining liquidity,” leaving the rest of us to ponder the true nature of this digital charade.

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2025-05-21 17:33