{"id":83188,"date":"2025-10-23T10:16:47","date_gmt":"2025-10-23T10:16:47","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2025\/10\/23\/expert-flags-pi-network-team-as-source-of-selling-pressure-after-reported-1-2m-pi-dump\/"},"modified":"2025-10-23T10:16:47","modified_gmt":"2025-10-23T10:16:47","slug":"expert-flags-pi-network-team-as-source-of-selling-pressure-after-reported-1-2m-pi-dump","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2025\/10\/23\/expert-flags-pi-network-team-as-source-of-selling-pressure-after-reported-1-2m-pi-dump\/","title":{"rendered":"Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\">\n<p><span style=\"font-weight: 400;\">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.<\/span><\/p>\n<h2>Expert Claim Pi Core Team Behind Price Pressure<\/h2>\n<p><span style=\"font-weight: 400;\">In a latest <\/span><a href=\"https:\/\/x.com\/MrSpockApe\/status\/1981154416452653140\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">X post<\/span><\/a><span style=\"font-weight: 400;\">, 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\u2019s builders could also be liquidating tokens to generate income since Pi at the moment lacks purposeful merchandise or significant utility to maintain monetary inflows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI\u2019ve said many times that it\u2019s our Core Team selling Pi because they don\u2019t have any other source of income,\u201d Spock wrote, claiming that the group\u2019s solely liquidity choice has been to promote their very own tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after a Pioneer <\/span><a href=\"https:\/\/x.com\/pinetworkmember\/status\/1980990369597985186\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">flagged<\/span><\/a><span style=\"font-weight: 400;\"> the sale of 1.2 million tokens. They described the occasion as \u201cawful\u201d and urged the undertaking to concentrate on real-world utility, on-chain transparency, and decentralization.<\/span><\/p>\n<figure id=\"attachment_271886\" aria-describedby=\"caption-attachment-271886\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-271886\" alt=\"\" width=\"1080\" height=\"989\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF.jpeg 1080w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-300x275.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-768x703.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-150x137.jpeg 150w\" data-lazy-sizes=\"(max-width: 1080px) 100vw, 1080px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-271886\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF.jpeg\" alt=\"\" width=\"1080\" height=\"989\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF.jpeg 1080w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-300x275.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-768x703.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/G33kPhiW8AAEZTF-150x137.jpeg 150w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\"\/><figcaption id=\"caption-attachment-271886\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Other voices inside the neighborhood supported these claims. A commentator asserted that solely the core group holds sufficient PI quantity to drive the token\u2019s worth from $3 to $0.20. They additionally added that no Pioneer has the sort of holdings to trigger such a crash.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the group has confronted comparable allegations prior to now. Former govt <\/span><a href=\"https:\/\/coingape.com\/pi-coin-tanks-as-pi-network-allegedly-misused-20-million-funding\/\"><span style=\"font-weight: 400;\">McPhilip accused the Pi team<\/span><\/a><span style=\"font-weight: 400;\"> of misusing $20 million in undertaking funds. <\/span><span style=\"font-weight: 400;\">According to courtroom paperwork from 2020, Pi\u2019s long-term development and public credibility have allegedly been hampered by inside conflicts and administration rifts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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 <\/span><a href=\"https:\/\/coingape.com\/pi-network-mainnet-to-get-major-upgrade-in-q4-says-expert\/\"><span style=\"font-weight: 400;\">Pi Network Protocol 23 upgrade<\/span><\/a><span style=\"font-weight: 400;\">. Experts recommend that the necessity for added liquidity could also be attributable to development-related bills.<\/span><\/p>\n<h2>Pi Coin Price Slump Persists Despite Progress<\/h2>\n<p><span style=\"font-weight: 400;\">Over the previous month, Pi coin\u2019s worth has fallen practically 30%, persevering with a protracted downtrend that has erased greater than 90% of its worth from its peak.<\/span><\/p>\n<figure id=\"attachment_271887\" aria-describedby=\"caption-attachment-271887\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-271887\" alt=\"\" width=\"2560\" height=\"1254\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344.png 2560w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-300x147.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-1224x600.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-768x376.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-1536x752.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-2048x1003.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-150x73.png 150w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344.png\"\/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-271887\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344.png\" alt=\"\" width=\"2560\" height=\"1254\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344.png 2560w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-300x147.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-1224x600.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-768x376.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-1536x752.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-2048x1003.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/10\/PIUSDT_2025-10-23_08-05-10-scaled-e1761204006344-150x73.png 150w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><figcaption id=\"caption-attachment-271887\" class=\"wp-caption-text\">Source: TradingView; Pi Coin Daily Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The skilled Mr. Spock had described <\/span><a href=\"https:\/\/coingape.com\/pi-network-loses-18b-value-in-six-months-as-expert-warn-of-rug-pull-risk\/\"><span style=\"font-weight: 400;\">Pi Network as a rug pull project,<\/span><\/a><span style=\"font-weight: 400;\"> warning that many Pioneers stay unaware of the size of the losses and the undertaking\u2019s unsure path.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The worth struggles come regardless of latest developments in its ecosystem. <\/span><span style=\"font-weight: 400;\">For instance, the Pi group added a <\/span><a href=\"https:\/\/coingape.com\/pi-network-launches-dex-amm-for-pi-utility\/\"><span style=\"font-weight: 400;\">DEX feature and an AMM<\/span><\/a><span style=\"font-weight: 400;\"> to its testnet to assist builders create <\/span><span style=\"font-weight: 400;\">new tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, reviews i<\/span><span style=\"font-weight: 400;\">ndic<\/span><span style=\"font-weight: 400;\">ate that SPi, a possible <\/span><a href=\"https:\/\/coingape.com\/expert-says-a-pi-network-stablecoin-piusd-could-be-a-game-changer-for-the-ecosystem\/\"><span style=\"font-weight: 400;\">stablecoin backed by Pi<\/span><\/a><span style=\"font-weight: 400;\">, is at the moment being examined on the Testnet. This suggests the chance of a stablecoin pegged to the USD.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Based on the check, USPI will not be launched. But there could also be some that means behind the check. <a href=\"https:\/\/t.co\/cUgq58syh5\" target=\"_blank\" rel=\"nofollow noopener\">pic.twitter.com\/cUgq58syh5<\/a><\/p>\n<p>\u2014 Pi News (@PiNewsMedia) <a href=\"https:\/\/twitter.com\/PiNewsMedia\/status\/1981235122281336853?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener\">October 23, 2025<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/expert-flags-pi-network-team-as-source-of-selling-pressure-after-reported-1-2m-pi-dump\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":83190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[7533,883,970,2650,160,1224,5101,1223,6969,233],"class_list":{"0":"post-83188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin","8":"tag-1-2m","9":"tag-dump","10":"tag-expert","11":"tag-flags","12":"tag-network","13":"tag-pressure","14":"tag-reported","15":"tag-selling","16":"tag-source","17":"tag-team"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=83188"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83188\/revisions"}],"predecessor-version":[{"id":83189,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/83188\/revisions\/83189"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/83190"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=83188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=83188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=83188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}