Once again, #PI# Pi Network is under intense surveillance, following serious allegations from crypto analyst Dr Altcoin, who claimed on May 17 that the project's core team orchestrated a major sell-off when the token's price was at its peak. When Pi Coin fell by more than 20% in 24 hours, concerns about market manipulation and transparency exploded again in the cryptocurrency community. Analysts Claim Manipulation Behind This Price Increase In a detailed post, Dr. Altcoin accused Pi Network's core team on the social media platform X ( (previously Twitter)) of creating artificial hype through vague announcements and marketing strategy events about the ecosystem. According to analysts, promotions around the upcoming Consensus 2025 conference and the launch of the Pi Network ecosystem, which is said to include more than 100 decentralized (DApp), were used to push the price from $0.40 to a brief high of $1.60. However, instead of launching a fully operational mainnet, the core team introduced a new investment entity called Pi Network Ventures. During this period of high market sentiment, Dr. Altcoin surprised investors by announcing that the team had liquidated millions, if not hundreds of millions, of Pi token value. Price drop has led to community outrage According to CoinGecko, Pi Coin has experienced a significant drop after the surge and is currently trading at $0.6883, down more than 20% in just one day. At a 24-hour high of $0.937, Pi attracted a lot of attention – but the subsequent crash sparked speculation about an internal selling strategy. Market behavior, coupled with the absence of any significant technological upgrades, has shaken the confidence of the community. Some users accused the core team of deliberately diverting attention from the belief that promises about mainnet releases were being used to lure retail investors into selling, while the team withdrew at a high level. New York Radio Turkey has contacted representatives of Pi Network, but has not published any official response as of the time of writing. Will the Pi return to the $0.40 level? Dr. Altcoin believes that the adjustment may not be over yet. If the Pi continues to trade below the psychologically important $0.80 mark, analysts are concerned that the asset could return to the $0.40 support zone – a level before the project gained wider attention, despite not being listed on major exchanges. These concerns raise broader questions about the transparency, practicality, and long-term viability of Pi's tokennomics project. While some parts of the community are still defending the team's vision, others feel that the lack of technology supply undermines trust. Final Thoughts The controversy surrounding Pi Network highlights a common problem in the cryptocurrency industry: the delicate line between marketing hype and genuine innovation. Without clarity about token distribution and roadmaps, the psychology of investors remains fragile. For now, Pi's future may depend on the core team's ability to resolve complaints and provide an effective mainnet product before community trust is further eroded. #pi # btc #pijs # eth