The sharp decline follows heightened expectations from Consensus 2025, where the Pi Core Team promised progress toward a full Mainnet launch and ecosystem growth. But optimism is now giving way to doubt.

An independent analyst known as Dr Altcoin believes the Pi Core Team may be drifting away from the community—known as “Pioneers”—that helped build the network. According to him, recent communications have stopped referencing Pioneers altogether, despite earlier calls for grassroots promotion and claims that the project took six years to reach this stage.

Adding fuel to the fire are fresh accusations that Pi Coin’s supply was fully pre-mined, giving the developers disproportionate control. Dr Altcoin suggests this undermines the project’s decentralization and opens the door to price manipulation. He even alleged that roughly 12 million Pi tokens were offloaded during the recent hype cycle, though critics argue there’s no transparent proof to back that claim.

Another controversial development is the automation of Pi’s KYC process. While it speeds up verification, privacy advocates worry it may expose sensitive user data and reduce oversight.

Amid the backlash, Dr Altcoin predicts the token could slide further, possibly reaching $0.40. He’s calling for the Pi Core Team to directly address the sell-off rumors and clarify their intentions.

Not everyone shares this grim outlook. Analyst Mr Spock argues that the panic is being driven by fear and misinformation, not fundamentals. He maintains that Pi Network still has value, pointing to its large user base and ongoing development, and warns against being swayed by market manipulation.

As the debate grows louder, the only certainty for Pi holders is that trust in the project may prove just as volatile as the token itself.

The post Pi Coin Crash Sparks Debate Over Core Team’s Transparency appeared first on Coindoo.

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Filed under: Bitcoin - @ May 18, 2025 4:30 am