Pi Network faces the biggest eyewash in 2025, insiders complain.

Pi Network (PI) is facing its biggest crisis to date, as a leading cryptocurrency investigator has accused it of an $8 billion internal sell-off related to the Pi Core team.
According to CoinMarketCap, PI is trading at $0.7312, down more than 35% over the past week. "Stop looking at the notifications. Pay attention to wallets," Atlas warned, sharing a timeline of token behavior: May 1: The price of PI is $0.6135. May 12: PI peaked at $1.6704, up 113.2%. From May 14th: PI is down more than 56% and is currently trading at around $0.7270. While the Pi Core team has yet to make an official statement, some proponents have stated that the movement of the token is part of the standard testnet-to-mainnet migration process. Atlas refutes this explanation, pointing out the lack of transparency in wallet links and transactions. Unlocking Tokens and Centralized Exchange Balances Raises New Concerns To add to the market's uneasiness, 5.7 million PI tokens were unlocked today, flooding the market that was already under intense pressure. The amount of PI held on centralized exchanges has now soared to a record 397 million, raising fears of another wave of sell-offs.
Market analysts warn that the unlocked supply could continue to drive down the PI price unless there is a significant increase in purchases. As the accusations against the wallet mounted, the community demanded an explanation. Cryptocurrency influencer Dr. Altcoin claims that the Pi Core team operates over 10,000 wallets and sub-wallets, most of which are hidden from public view. He called for transparency, urging PI holders to demand answers instead of blindly defending the project. Chain analysts say that only 7 large wallets can be fully traced, deepening the community's concerns about undisclosed supply and internal controls. As the unlocked supply of this token enters the market, many wallets are monitored, and market analysts warn that the price of PI may remain under pressure unless investor demand returns