Pi Network is confronted with a renewal of the backlash of his community after his native token, PI, plunged more than 50% in the last five days.
The sharp drop has increased new accusations of traction of potential carpets, as users discover large transfer of tokens linked to the initiates of the project.
12 million tokens for transferred sparks The carpet draws fears for the pi network
On May 17, a respected member of the community known as Dr Picoin made a serious allegation against the Pi Core team. He said that the team had unloaded millions of Pi tokens during the recent price peak almost $ 1.60.
He cited blockchain data which revealed a transfer of 12 million PI and said that the team had manipulated the prize while the community focused on project announcements.
“The basic team has sold tens of millions, if not hundreds of millions, Pi at the top – while being distracted by announcements and the illusion of progress,” said Dr. Picoin.
His claims, although not verified, quickly spread online and fueled panic among the holders. The allegations also triggered debates on transparency and confidence in the project.
While some users have echoed the concerns of taking advantage of the initiates, others rejected accusations as misleading.
A Pi supporter argued that transactions were linked to the migration of the Testnetnet user sales in Mainnet.
According to the account, the portfolio address at the center of the problem is GABT7EMP. It has long been labeled as a distribution portfolio used for operational purposes.
“They say that Pi is sold. Not true. Only those who do not understand this portfolio will be misleading. Do not be part of them. They use Piscan which shows an outing to mislead you,” said the story.
The controversy emerged shortly after the long -awaited appearance of the PI network with 2025 consensus.
Teasers had led a lot to expect a main launch and a generalized DAPP deployment. Instead, the basic team unveiled Pi Network Ventures – an ecosystem fund of $ 100 million aimed at supporting manufacturers of the PI community.
Although the announcement marked a strategic decision for the long -term growth of the project, it has disappointed many users and has probably contributed to the sale.
“The community thought they were heading for a complete launch of maint -referencing with 100 high quality DAPPs – but instead, on May 14, there was no major update. Just Pi Network Ventures, ”said Dr. Picoin.
Despite the fallout, the co-founder of the PI, Dr. Nicolas Kokkalis used the conference to lead the future management of the PI network. He shared plans to integrate artificial intelligence and decentralized identity tools for web3 applications.
Kokkalis also confirmed that the central node of the network had been put out of service, paving the way for complete decentralization. In addition, he introduced the upgrade of the horizon for Pi nodes operators, a critical step towards the preparation of the Mainnet.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
