Pi Community continues to make waves within the cryptocurrency trade in addition to stir controversy. Forward of as we speak’s substantial worth surge, a former proponent turned critic made some large accusations.
Is PI a gradual rug?
Let’s begin with the massive one from the bat. CryptoPotato reported a couple of days in the past that Moon Jeff, a well-liked X person who has had a justifiable share of controversial conduct with regard to PI, mentioned that the undertaking is definitely a gradual rug pull. This got here after weeks of fixed waves of optimistic feedback and bullish predictions for PI’s worth.
Nonetheless, because the token tumbled by over 80% since its February all-time excessive, Moon Jeff turned the tables. The X person insisted that the Pi Community crew had made some actually daring guarantees forward of the Mainnet launch, however did not comply with by way of.
“The crew is just not delivering what they promised. They promised 100 Dapps on launch, however solely lower than 5 are working.”
PI’s rollercoaster worth actions
As talked about above, the native token has had some wild swings recently. After the all-time excessive at $3 on February 26, it went on a extreme downturn that culminated yesterday with a worth stoop to $0.4. This grew to become its lowest worth level ever because it went stay for buying and selling in mid-February.
Nonetheless, PI lastly bounced off after such a vicious worth decline on a month-to-month scale. In reality, it has emerged as as we speak’s prime performer from the most important 100 cryptocurrencies. Simply hours in the past, it touched $0.7, which meant that it had added 75% for the reason that ATL marked on Friday.
Regardless of retracing to $0.6 as of press time, PI continues to be up by double-digits on a every day scale. It has gained a couple of locations when it comes to market cap and is now near breaking again into the highest 30 alts by that metric.
Right this moment’s surge got here because the token grew to become one of the vital trending cryptocurrencies, in accordance with CoinGecko, by surpassing Bitcoin, Solana, Ripple, and Ethereum. Moon Jeff additionally weighed in on the value features, indicating that buyers had begun withdrawing their belongings from exchanges, whereas the every day unlocking was simply 1,000,000 PI, as an alternative of the multi-million registered earlier.
And, Moon Jeff is again with the bullish worth predictions.
20 Million+ $PI withdrawn from Exchanges.
Just one Million $PI had been unlocked as we speak.
The excessive demand made PI to rise by over 20%.
If we proceed seeing such withdrawals then $PI goes to $5. #PiNetwork pic.twitter.com/foPftjaJlS— MOON JEFF (@CRYPTOAD00) April 5, 2025
PiNews partnership
Though this one doesn’t come straight from the official Pi Community on-line channels, it might nonetheless profit the ecosystem and its recognition. This partnership, between PiNews – an X channel devoted to Pi Community with over 1,000,000 followers – and PiPhrase. The latter is described as an ‘progressive, clear Web3 Pi undertaking that goals to guard Pioneers whose Pi Pockets Keys have been uncovered.’
The partnership goals to assist customers if they should get well all their keys, particularly if they’ve misplaced 1, 2, or 3 phrases within the 24-word Pi Pockets.
The submit Pi Community (PI) Information Right this moment: April 5 appeared first on CryptoPotato.