The core team of Pi Network has been pointed out for selling 1.2 million Pi Coin for "profit", causing a 30% monthly fall in the coin price!
Mr. Spock, a community expert of Pi Network, recently accused the core team of Pi Network of being the behind-the-scenes force of the recent selling pressure on PI tokens, claiming that the team is generating income by selling tokens. Earlier reports indicated that over 1.2 million PI tokens were sold, causing the price of PI to fall nearly 30% within a month, dropping from $3 to $0.20, a decline of over 90%. Community members believe that only the core team holds enough tokens to trigger such a large-scale collapse. Although the project party continues to promote the development of DEX and stablecoins on the Testnet, the persistent price slump and the history of internal conflicts have cast a shadow over the project's credibility.
MarketWhisper·10-23 07:51