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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 06, 2025 02:57 UTC
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Pi Network News: Accusations of Rug Pull Resurface as Token Sheds $18 Billion in Six Months
Pi Network price collapses to $0.26, wiping $18B; community questions project transparency, tokenomics, and long-term survival amid crypto rally.
Pi coin struggles as adoption, exchange listings, and clarity on supply remain uncertain, leaving users frustrated despite market-wide crypto gains.
Bitcoin has climbed above $123,600 and Ethereum is steady above $4,500. XRP also trades close to $2.96. Pi Network, however, has not followed the market’s recovery. The token now trades around $0.26, a sharp fall from its February high of $2.98. The drop has erased more than $18 billion in value in half a year.
Community Frustration Builds
The losses have triggered anger among Pi’s community. Some now question whether the project can survive. Crypto commentator Mr. Spock went as far as calling the collapse “basically a rug pull.” Many users have mined Pi for years with little to show, while a small group still believes in a fixed price of $314,159 per coin, a claim most experts reject.
Questions Over Transparency
Pi has also faced criticism over its handling of supply and migration. Changes to token release rules have raised fears that the team may be stretching out supply to keep users engaged. Critics argue the project lacks clarity on fundraising, the Pi Foundation’s role, and whether insiders have sold tokens privately. These doubts weigh heavily on the project’s credibility.
Adoption Hurdles
Institutional adoption also looks distant. Pi says more than 14 million users have passed KYC, but concerns over data leaks and inflated numbers remain. Without stronger safeguards and transparent figures, exchanges and institutional players are unlikely to commit. Until then, Pi risks falling further behind as other projects grow.
What Lies Ahead
The Pi Network continues to describe itself as a “people’s cryptocurrency.” Yet without exchange listings, improved transparency, and clearer tokenomics, its long-term outlook remains uncertain. For now, Pi trades at the edge of the market, leaving its users to question whether their efforts will ever pay off.
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FAQs
PI’s price is down due to a sharp loss of investor confidence, fueled by concerns over the project’s transparency, token supply management, and lack of major exchange listings.
While Pi calls itself a “people’s crypto,” its legitimacy is questioned due to a lack of transparency, exchange listings, and concerns over its tokenomics and supply management.
Pi is not listed on major exchanges, making it difficult to sell. Any current trading occurs on limited, unofficial platforms with significant liquidity and security risks.
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