The post Pi Coin Records Over 11% Weekly Drop Amidst Community Suspicions, What’s Ahead for PI? appeared on BitcoinEthereumNews.com.

Pi coin recorded a weekly drop of more than 11% Pi community is questioning the core team regarding 276 PI holdings in the Foundation wallet Pi coin utility has increased following the FruityPi game launch The crypto market is witnessing price surges of various tokens, but Pi coin is not one of them. It is currently trading sideways at around $0.65 with no significant daily gain or drop. However, the token is trading much below its recent highs witnessed in May. Amidst the Pi Core Team’s continuous disregard of the community’s issues, a new suspicion emerged. One of the active Pi community members, Dr. Altcoin, posted intriguing information regarding the Pi Foundation wallet earlier today. They found a three-month-old wallet named “Pi Foundation 2 wallet” and discovered that it held more than 270 million Pi coins.  This is raising concerns about what the true intention behind this large PI token accumulation by the team is. Dr. Altcoin tagged the Pi Core Team, its founder Nikolas Kokkalis, and Chengdiao Fan, demanding transparency. In one of his recent posts, Dr. Altcoin has called on the Pi community to pressurize the team to focus on long-standing issues like KYC and migration.  Another Pi community member, MOON JEFF, has also discovered the wallet transactions of the Pi Foundation wallet. It withdrew another 7.38 million Pi coins earlier today. With this, the total holdings of the wallet increased to 276.5 million Pi coins. He further warned,  “The wallet has been withdrawing PI weekly from the OKX exchange. Something big is cooking here. Don’t sell your coins to whales.” However, there is no response yet from the team. The community is confused about what could be the reason behind holding large numbers of PI tokens.  Pi Coin Drops Over 11%, What’s Ahead for PI? The Pi…

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Filed under: News - @ June 4, 2025 9:29 pm