The token dump of 12 million tokens led to a dramatic 50% drop in Pi’s price, prompting severe criticism of the core team. This event followed a speculative surge to 1.60 USD, raising alarms about potential insider trading within the Pi Network.
Investor concerns are heightened as analyst Atlas links the dump to the core team, alleging insider manipulation. Though the core team has not publicly responded, questions remain about the management of token funds and the transparency of their operations.
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