{"id":13181,"date":"2025-10-12T17:02:03","date_gmt":"2025-10-12T17:02:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pi-network-price-crashes-whale-guru-echoes-bybit-ceo-claims\/"},"modified":"2025-10-12T17:02:06","modified_gmt":"2025-10-12T17:02:06","slug":"pi-network-price-crashes-whale-guru-echoes-bybit-ceo-claims","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pi-network-price-crashes-whale-guru-echoes-bybit-ceo-claims\/","title":{"rendered":"Pi Network price crashes, Whale Guru echoes Bybit CEO claims"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Pi Network price continued its substantial decline over the weekend, reaching its lowest level on record.\u00a0<\/p>\n<div id=\"cn-block-summary-block_11624775ad6fff4bddbaa31f2b677ca5\" 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 price crashed to a record low last week.<\/li>\n<li>A popular anonymous pundit called Pi the biggest scam in crypto.<\/li>\n<li>Technical analysis points to more downside in the coming months.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Pi Coin (PI) plunged to a record low of $0.1515, crossing the previous all-time low of $0.1866. It has now plummeted by over 90% from its highest point this year, erasing more than $18 billion in value.\u00a0<\/p>\n<p>Pi Network\u2019s decline coincides with the ongoing crypto market crash,<strong> <\/strong>which started when President Donald Trump unveiled new tariffs on Chinese goods.\u00a0<\/p>\n<p>The crash also intensified when an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Whale_Guru\/status\/1977005766377709578\" target=\"_blank\" rel=\"nofollow\">anonymous X account<\/a> known as Whale Guru called it \u201cthe biggest scam in crypto history.\u201d The attached chart illustrates how the coin\u2019s value plummeted from nearly $3 in February to $0.20.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The commentator\u2019s claims about Pi Network mirror those of Bybit CEO Ben Zhou. In a statement in February, Zhou vowed that his exchange would not list Pi.\u00a0<\/p>\n<p>He pointed to a Chinese police warning that it was a scam targeting elderly people. Pi Network\u2019s team rejected these claims.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1. Here is a official police warning of <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24Pi&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$Pi<\/a> from Chinese police back in 2023 warning to the public that it\u2019s a scam targeted towards elderly folks <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/LaGJqXSOXR\">https:\/\/t.co\/LaGJqXSOXR<\/a> which leaks their personal data and loss of their pension. There are multiple other reports out there\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/gkEu2wZwfo\">https:\/\/t.co\/gkEu2wZwfo<\/a><\/p>\n<p>\u2014 Ben Zhou (@benbybit) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/benbybit\/status\/1892608824869327026?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 20, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Pi Network has been in a freefall since its mainnet launch in February. One main reason for this is that no major crypto exchange has listed it, making it highly illiquid.\u00a0<\/p>\n<p>In addition to the scam allegations, exchanges have likely rejected listing it due to its high centralization and lack of transparency. For example, on-chain data shows that the obscure and unaudited Pi Foundation holds over 90 billion Pi Coins in hundreds of wallets.<\/p>\n<p>Pi Network\u2019s circulating supply has continued rising through its daily unlocks. The unlock schedule shows that over 1.24 billion tokens will be unlocked in the next 12 months.<\/p>\n<p>In addition, Pi Network price has not achieved its goal of having real-world utility. Its ecosystem, which must be accessed on the Pi Browser, is relatively small. The team has also not made any funding announcements regarding the $100 million ecosystem fund launched in May.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Pi Network price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Pi Coin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe chart shows that the value of Pi has been in a strong downtrend since February this year. It plunged from a high of $3 to a low of $0.1515 on Friday. The coin has remained below the key support at $0.3252, where it formed a double-bottom pattern.<\/p>\n<p>The coin has also remained below the 50-day and 100-day Exponential Moving Averages. Therefore, the most likely scenario is where it continues falling, with the next point to watch being the psychological point at $0.10.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pi Network price continued its substantial decline over the weekend, reaching its lowest level on record.\u00a0 Summary Pi Network price crashed to a record low last week. A popular&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13181","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\/13181","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=13181"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13181\/revisions"}],"predecessor-version":[{"id":13182,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13181\/revisions\/13182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12331"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}