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Is Pi Network Dead? Pi Coin Price Crash Raises Concerns 

  • Pi Coin experienced a drastic 20% drop from $1.60 to $0.70 following accusations of pre-mining and secret sell-offs by the Core Team.
  • Analyst Dr Altcoin warns of further decline to $0.40 due to KYC privacy risks, while another analyst, Mr Spock, dismisses it as FUD and expects a rebound.
  • Concerns arise within the Pi Network community as Core Team's actions suggest sidelining pioneers and controlling the coin's supply and price centrally.
  • An automated KYC process raises privacy concerns and potential vulnerabilities, with contrasting predictions on Pi Coin's recovery amidst market volatility.

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