{"id":12750,"date":"2025-10-07T10:31:17","date_gmt":"2025-10-07T10:31:17","guid":{"rendered":"https:\/\/bitunikey.com\/news\/why-pi-network-price-crash-sparks-rug-pull-fears\/"},"modified":"2025-10-07T10:31:29","modified_gmt":"2025-10-07T10:31:29","slug":"why-pi-network-price-crash-sparks-rug-pull-fears","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/why-pi-network-price-crash-sparks-rug-pull-fears\/","title":{"rendered":"Why Pi Network price crash sparks rug pull fears"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Pi Network plunges over 90% from its peak, wiping out billions from its market cap. Many community members are speculating on whether this means a rug pull is on the horizon.<\/p>\n<div id=\"cn-block-summary-block_7b06f0d05277a285531ba447bb1c22dc\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Pi Network\u2019s token has plunged by over 90% from its February peak, igniting fears of a rug pull among traders.<\/li>\n<li>Currently trading near $0.26, Pi shows weak recovery signals with resistance at $0.28, while technical indicators suggest mild bullish momentum.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, the token has continued to fall lower from its initial peak in February. In just eight months, the token\u2019s value has plummeted by 90%. From its all-time high at $2.99, it is now trading at less than $0.30.<\/p>\n<p>Within just six months, the token\u2019s market cap has lost more than $18 billion. The continued decline of the token has led many Pi Network (PI) token holders to believe that the team could very well be planning to rug-pull the token.<\/p>\n<p>\u201cPi crashed over 90% from its highest position that\u2019s basically a rug pull. Why should I or other Pi Network investors be happy about that?\u201d said one user <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/MrSpockApe\/status\/1974725719138672660\">on X<\/a>. <\/p>\n<p>According to the trader, many in the Pi community continue to hold onto the belief that 1 Pi is valued at $314,159, a figure long promoted as the \u201cGlobal Consensus Value.\u201d However, growing skepticism within the community suggests that this valuation is largely false. <\/p>\n<p>At the center of the controversy is the Pi Core Team, which reportedly controls around 90 billion tokens. The large concentration of tokens held by the core team is why many traders  argue that they have unfair influence over the token\u2019s price and market behavior.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Due to this, analysts suspect these could be linked to insider selling, potentially contributing to the steep decline in Pi\u2019s value. <\/p>\n<p>However, some supporters of the project maintain that Pi never raised external capital, which means it technically cannot be labeled a \u201crug pull.\u201d Nevertheless, the heavy centralization of tokens within the Pi Foundation has raised fears of possible market manipulation.<\/p>\n<h2 class=\"wp-block-heading\">Pi Network price analysis<\/h2>\n<p>As of late, the Pi Network price <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=OKX%3APIUSDT\" target=\"_blank\" rel=\"nofollow\">remains<\/a> under heavy pressure, trading at around $0.263 at the time of writing. The token suffered a sharp decline in late September, plummeting from around the $0.33\u2013$0.34 range to below $0.26. Since then, Pi has been consolidating sideways with minimal volatility, suggesting that market participants are uncertain about the token\u2019s next direction.<\/p>\n<p>The 30-period moving average sits closely above the current price at $0.2623, acting as a short-term resistance level.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pi Network has fallen 90% from its February peak and continues to plunge lower | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=OKX%3APIUSDT\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Despite the stabilization, momentum indicators reveal only modest recovery potential. The Relative Strength Index currently reads 62.00, showing that buying pressure has slightly increased but is still within neutral territory. A sustained move above 70 could signal a short-term overbought condition, while a drop below 50 might confirm renewed selling pressure. <\/p>\n<p>For now, RSI levels indicate that Pi is in the middle of experiencing mild bullish momentum following prolonged consolidation.<\/p>\n<p>So far, the price structure shows limited upward traction as long as Pi remains below the $0.28 resistance zone. A breakout above this level could open the door for a rebound toward $0.30, but without strong volume support, such a move may be unsustainable. <\/p>\n<p>On the other hand, if it fails to maintain support near $0.26 it could fall even lower to around $0.24, especially if broader market sentiment weakens or additional selling from major holders occurs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pi Network plunges over 90% from its peak, wiping out billions from its market cap. Many community members are speculating on whether this means a rug pull is on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12750"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12750\/revisions"}],"predecessor-version":[{"id":12752,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12750\/revisions\/12752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12751"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}