The Pi Core Team Rug-Pulled Pi — And No One Noticed!
The Pi Core Team recently created massive hype around Pi — especially with the Consensus 2025 event and the “Pi Ecosystem” announcement. This hype pushed the price from $0.40 to $1.60.
Then came the real move:
The Core Team sold tens of millions, if not hundreds of millions, of Pi at the peak — all while the community was distracted by announcements and the illusion of progress.
The community believed they were heading toward a full Mainnet launch with 100 high-quality DApps — but instead, on May 14th, there was no major update. Just Pi Network Ventures.
Since then, the price has dropped to $0.80 and is now heading back toward $0.40.
So far, the Pi Core Team has defrauded the Pi community — and no one has noticed.
@PiCoreTeam@nkokkalis@Chengdiao