Red Flags in Pi Network Sees Investors Turn Their Attention, Coldware and Theta Network Look to Capitalise
The post Red Flags in Pi Network Sees Investors Turn Their Attention, Coldware and Theta Network Look to Capitalise appeared on BitcoinEthereumNews.com.
Pi Network is facing mounting scrutiny as a series of red flags have investors reconsidering their positions. The once-promising project has seen over 102 million tokens withdrawn from OKX in just three days, while reports of insider selling continue to shake market confidence. With Pi’s price hovering around $0.79—down 72% from its all-time high—and allegations of tokens sold from Foundation-controlled wallets, the exodus to more transparent blockchain projects has begun. And that’s where we Coldware ($COLD) and Theta Network ($THETA) get into our story. These two established projects might capitalise on Pi’s misfortunes with enterprise-ready solutions and real-world utility that Pi has yet to deliver. Let’s dig a bit deeper Is Pi Network in Trouble? Investors Worry as Red Flags Multiply Pi Network is facing serious questions—and investors are starting to walk away. What started as an ambitious project with a loyal community is now raising eyebrows due to some troubling developments. According to blockchain investigator Dr. Altcoin, a Pi Foundation wallet recently moved 1.4 million tokens from a long-dormant address and sold them, triggering concerns about insider manipulation. This, combined with a record-breaking wave of token outflows from exchanges, has many wondering if something bigger is going on behind the scenes. It doesn’t help that Pi’s technical chart shows a bearish flag forming. If that pattern plays out, prices could slide toward $0.66. Add to that a sharp 60% drop in daily trading volume and a lack of active DeFi or dApps, and things don’t look great. Yes, there’s talk of a $100 million venture fund—but without actual utility or adoption, that promise feels a little hollow right now. And with 1.47 billion more Pi tokens set to hit the market this year, the fear of dilution is real. Investors aren’t panicking—but they’re not sticking around blindly either. Without clear…
Filed under: News - @ June 1, 2025 5:17 pm