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.