<ul><li>Crypto commentator Dr. Altcoin accuses Pi Coin Core Team of executing a rug pull by selling a significant amount of Pi tokens at the peak price of $1.60 while the community was distracted by announcements and progress illusions.</li><li>Pi community anticipated a full Mainnet launch with 100+ DApps on May 14 but got Pi Network Ventures instead, leading to a sharp decline in Pi's price to $0.80 and possibly back to the original price of $0.40, eliminating earlier speculative gains.</li><li>The allegations claim that the Pi Core Team has defrauded the community, highlighting the lack of response from key figures in the Pi Network ecosystem, potentially exposing complex insider-led market manipulation in the crypto space.</li><li>The incident serves as a cautionary example of the risks associated with hype without actual delivery in the crypto space, especially when insiders can benefit, potentially prompting regulatory scrutiny.</li></ul>

Pi Coin: Analyst Accuses Project of Executing a Rug Pull

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