The post Pi Network (PI) News Today: April 5 appeared on BitcoinEthereumNews.com.

Pi Network continues to make waves in the cryptocurrency industry as well as stir controversy. Ahead of today’s substantial price surge, a former proponent turned critic made some big accusations. Is PI a slow rug? Let’s start with the big one from the bat. CryptoPotato reported a few days ago that Moon Jeff, a popular X user who has had a fair share of controversial behavior in regards to PI, said that the project is actually a slow rug pull. This came after weeks of constant waves of positive comments and bullish predictions for PI’s price. However, as the token tumbled by over 80% since its February all-time high, Moon Jeff turned the tables. The X user insisted that the Pi Network team had made some really bold promises ahead of the Mainnet launch, but failed to follow through. “The team is not delivering what they promised. They promised 100 Dapps on launch, but only less than 5 are working.” PI’s rollercoaster price movements As mentioned above, the native token has had some wild swings lately. After the all-time high at $3 on February 26, it went on a severe downturn that culminated yesterday with a price slump to $0.4. This became its lowest price point ever since it went live for trading in mid-February. However, PI finally bounced off after such a vicious price decline on a monthly scale. In fact, it has emerged as today’s top performer from the largest 100 cryptocurrencies. Just hours ago, it touched $0.7, which meant that it had added 75% since the ATL marked on Friday. Despite retracing to $0.6 as of press time, PI is still up by double-digits on a daily scale. It has gained a few places in terms of market cap and is now close to breaking back into the top 30 alts…

---

Filed under: News - @ April 5, 2025 6:24 pm