Pi Community (PI), which has become increasingly popular in Crypto World, has suffered a major setback. Recently, due to many worrying news related to this project, there has been a sharp decline in Pi Coin Worth. In the last few days, the value of Pi Token has fallen to $ 0.7165, which is about 57% below the most prime Worth of May.
Market cap declines by $ 4.2 billion
There was a time when the market cap of Pi Coin reached $ 9.35 billion, but now it has fallen to $ 5.14 billion. That is, investors have lost more than $ 4.21 billion in a few days.
Fears of insider promoting
The biggest reason for this decline is considered the news of “Insider Selling”. Well-Known Crypto Professionals Dr. According to Altcoin, Pi Core Crew has sold around 700 million PI Cash in the last few months. This has created heavy pressure in the market.
At the same time, according to the information received on the PISCAN website, in the last 24 hours, Pi Bedrock has removed 15.02 million tokens from its wallet. The wallet still has 25.28 million Pi Cash, which has more than $ 18.1 million.
Rug whisk allegations also emerged
In early May PI communication allegations of whisk a rug Was engaged According to reports, Core Crew tweeted a large announcement during the CONSENSUS 2025 match. Due to this, the price of tokens suddenly increased by 200%.
Later, it was alleged that the team took advantage of this price spike and sold a large amount of tokens. This deepened the doubt that all this could be a subsidized pump and sell off scheme.
Concern about centralization
Another big issue regarding Pi Community is its Centralization Construction. According to reports, Pi Bedrock still has more than 90 billion Pi Cash. This means that most of the control of tokens is with only a few people, which may threaten the entire community in conditions like scam or hacking.
Furthermore, till now the Foundation has not clarified who is operating their funds. Due to lack of this transparency, people’s trust in PI Community is becoming weak.
Why Coinbase and Binance are not listing?
Many people are asking the questions that yet Pi coin checklist on binance And why Tier-1 Alternate like coinbase has not done Pi Coin Checklist. The main reason for this is – centralization, deficiency of transparency and non -audit of projects.
Until the Pi Community is formed a trusted and open system, the possibility of listing by these big exchanges is rarely considered.
Ghost Chain is becoming Pi Community?
Some analysts believe that Pi Community is now becoming a “Ghost Chain”, ie a blockchain where developers are activities integral. Although the launch of PI Community Mission is a positive step, analyst says that it may take more than 1 year for funded projects to come on the main network.
Technical Analysis: Can the price fall?
Looking at the 8 -hour chart of Pi Coin, it has been observed that the price has fallen from $ 1.6708 to $ 0.7260. PI has now broken its old support level $ 0.7902.
In addition, tokens have begun trending under the 50-PRESEN Transferring Moderate and now it is making the Bearish Flag Trend, which indicates that the price may fall further.
Experts estimate that the next support level may be $ 0.5745, which is around the Voltyness Point of April 29.
Conclusion
The current situation of PI Community is very worrying. Insider Promoting, Rug Remove allegations, Centralization and Development Lack of Developer Activities have raised many questions on this project. Investors now need to be more cautious. It is difficult to stabilize the price of its tokens until the Pi Community takes concrete steps on the transparency, safety and utility. At the same time, it is very important to take complete information and advice before investing.
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