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$PI If the price of π really goes up, then many people will sell off. Also, many people’s wallets will be completely emptied by hacking. In that way, π returns to the same outcome as being purely traded. So I think the wallet hasn’t been done yet—once you log in to your wallet, you must verify your identity with facial recognition or an SMS verification code in order to transfer. Then, the ecosystem’s rollout and pricing will become clear. At present, the current price is impossible to rise.
3 Former executive McPhilip court accusations
Founder "internal conflict and misuse of funds" NEW
Source: Court documents/community coverage | Time: 2026-07-09
In court documents, former executive McPhilip publicly accused co-founder Nicolas Kokkalis and his wife, Fan Chengdiao. The main allegations are:
1. Toxic work environment: Disputes between the founders (verbal attacks, physical clashes) seeped into the workplace, leaving the management team exhausted from mediation and causing major technical delays.
2. Misuse of funds: Through SAFE fundraising of $20 million in 2019–2020, the allegation claims that some of the funds were diverted for private purposes such as a luxury yacht party.
3. Equity dispute: The founders allegedly attempted to dilute McPhilip’s equity at an extremely low price of $0.00005 per share. In April 2020, when he took a leave of absence, the core team locked his servers and accounts.
Meanwhile, another investor, Harro Moen, filed a $10 million fraud lawsuit in the U.S. District Court for the Northern District of California, accusing unauthorized token transfers and the secret sale of 2 billion Pi tokens.
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First, open-source and decentralization.
Second, ecosystem applications.
π is still under development and construction. None of these has been successfully completed—so where would the value and price come from? Someone else has been married for ten years; their child can already be left to handle soy sauce. You’ve been married for ten years; your wife is still pregnant (delayed), and your child has just been born but still can’t handle soy sauce for you. Does that mean your child is useless?