Pi neighborhood skilled Mr Spock has claimed that the Pi Network group is behind the promoting strain on the token. This comes as reviews point out that the group dumped over 1.2 million PI tokens not too long ago.
Expert Claim Pi Core Team Behind Price Pressure
In a latest X post, crypto skilled Mr. Spock advised that the Pi Network core group is the doubtless supply of latest promoting strain. In his submit, he alleged that the undertaking’s builders could also be liquidating tokens to generate income since Pi at the moment lacks purposeful merchandise or significant utility to maintain monetary inflows.
“I’ve said many times that it’s our Core Team selling Pi because they don’t have any other source of income,” Spock wrote, claiming that the group’s solely liquidity choice has been to promote their very own tokens.
This comes after a Pioneer flagged the sale of 1.2 million tokens. They described the occasion as “awful” and urged the undertaking to concentrate on real-world utility, on-chain transparency, and decentralization.
Other voices inside the neighborhood supported these claims. A commentator asserted that solely the core group holds sufficient PI quantity to drive the token’s worth from $3 to $0.20. They additionally added that no Pioneer has the sort of holdings to trigger such a crash.
Notably, the group has confronted comparable allegations prior to now. Former govt McPhilip accused the Pi team of misusing $20 million in undertaking funds. According to courtroom paperwork from 2020, Pi’s long-term development and public credibility have allegedly been hampered by inside conflicts and administration rifts.
Despite the criticism, some Pioneers argue that the alleged token gross sales might be tied to official undertaking bills. For occasion, the testnet is at the moment getting used to check the continuing Pi Network Protocol 23 upgrade. Experts recommend that the necessity for added liquidity could also be attributable to development-related bills.
Pi Coin Price Slump Persists Despite Progress
Over the previous month, Pi coin’s worth has fallen practically 30%, persevering with a protracted downtrend that has erased greater than 90% of its worth from its peak.
The skilled Mr. Spock had described Pi Network as a rug pull project, warning that many Pioneers stay unaware of the size of the losses and the undertaking’s unsure path.
The worth struggles come regardless of latest developments in its ecosystem. For instance, the Pi group added a DEX feature and an AMM to its testnet to assist builders create new tokens.
Additionally, reviews indicate that SPi, a possible stablecoin backed by Pi, is at the moment being examined on the Testnet. This suggests the chance of a stablecoin pegged to the USD.
Based on the check, USPI will not be launched. But there could also be some that means behind the check. pic.twitter.com/cUgq58syh5
— Pi News (@PiNewsMedia) October 23, 2025
