{"id":154708,"date":"2025-04-05T18:00:25","date_gmt":"2025-04-05T15:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154708"},"modified":"2025-04-05T14:35:14","modified_gmt":"2025-04-05T11:35:14","slug":"pi-coin-crashes-to-record-low-can-it-bounce-back-to-1","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pi-coin-crashes-to-record-low-can-it-bounce-back-to-1\/","title":{"rendered":"Pi Coin Crashes to Record Low: Can It Bounce Back to $1?"},"content":{"rendered":"
As of now, the coin is trading slightly higher at $0.52, indicating a significant loss of both momentum and investor confidence.<\/p>\n
This drastic decline has sparked alarm among the crypto community, leading to a wave of skepticism about the legitimacy of Pi Network. Concerns are growing over the network\u2019s centralized nature, with some fearing that the project could turn out to be a \u201crug pull.\u201d<\/p>\n
Social media users are not holding back their criticism. One user, drawing attention to a video by @SonOfATech, described Pi Network as nothing more than a data-gathering application with dubious practices. The main point of contention is the distribution of the coin\u2019s supply: reportedly, half of the total supply is in the hands of insiders, including 20% allocated to the development team, 20% pre-mined, and 10% held by the foundation, leaving only 45% available for community mining.<\/p>\n