{"id":27107,"date":"2025-05-16T09:31:46","date_gmt":"2025-05-16T09:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27107"},"modified":"2025-05-16T09:31:46","modified_gmt":"2025-05-16T09:31:46","slug":"recent-pi-network-pi-developments-important-scam-warnings-and-more-bits-recap-may-16","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27107","title":{"rendered":"Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-60\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\" tabindex=\"-1\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"3e381813-2b0e-40a5-aa51-ad45d9ca6b9a\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<ul>\n<li><span data-preserver-spaces=\"true\">PI surged to a two-month high after a teaser from the team behind the project, but dropped sharply to around $0.80 following the reveal of the actual news.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Binance sparked speculation about a possible PI listing with a cryptic \u03c0-themed post, triggering excitement across the community.<\/span><\/li>\n<li>Shibarium\u2019s marketing strategist, LUCIE, shared a personal story of being scammed, urging the Shiba Inu community to stay vigilant as fraudsters continue exploiting unsuspecting crypto users.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"absolute\">\n<div class=\"flex items-center justify-center\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-396723\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-7-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h2>What\u2019s New Around Pi Network?<\/h2>\n<p><span data-preserver-spaces=\"true\">The controversial crypto project made the headlines on May 8, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-pi-networks-price-up-today\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">teasing<\/span><\/a><span data-preserver-spaces=\"true\"> a mysterious announcement that would be released in the upcoming days. The community took this as a positive sign, with some expecting major news, such as PI\u2019s listing on the world\u2019s largest cryptocurrency exchange, Binance.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The excitement also seems to have triggered a price rally for Pi Network\u2019s native token, which surged by almost 200% at one point <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> jumped above $1.70 (the highest point observed in the past two months).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On May 14, the team behind the project lifted the curtain, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/pi-networks-big-announcement-revealed-hint-it-wasnt-a-binance-listing\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">unveiling<\/span><\/a><span data-preserver-spaces=\"true\"> the launch of a $100 million initiative (held in PI and USD) to invest in startups and businesses that \u201cadvance the utility and <\/span><span data-preserver-spaces=\"true\">real-adoption<\/span><span data-preserver-spaces=\"true\"> of PI.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of the underlying token dipped substantially following the announcement, reaching a local bottom of nearly $0.80. <\/span><span data-preserver-spaces=\"true\">This<\/span> <span data-preserver-spaces=\"true\">appears to be<\/span><span data-preserver-spaces=\"true\"> a classic \u201cbuy the rumor, sell the news\u201d case where the asset\u2019s valuation climbs in anticipation of a <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> disclosure, only to decline once the news becomes public.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Binance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-drops-bombshell-pi-hint-how-will-pi-networks-price-react\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">posted a cryptic message<\/span><\/a><span data-preserver-spaces=\"true\"> on its official X account that many community members view as a potential PI listing coming soon. The company presented its logo with mathematical symbols, one of which was the constant \u03c0. Many users pointed out the connection with the crypto project, whose native token has the same name.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is important to note that Binance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/binance-listing-pi-token-soon-community-has-the-final-say\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">issued<\/span><\/a><span data-preserver-spaces=\"true\"> a community voting<\/span><span data-preserver-spaces=\"true\"> in February to determine whether its users <\/span><span data-preserver-spaces=\"true\">want<\/span><span data-preserver-spaces=\"true\"> to see PI available on the platform. The vast majority clicked the \u201cyes\u201d option, but the company has yet to respect their <\/span><span data-preserver-spaces=\"true\">wish<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Binance Flashes the Red Flag<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Approximately a week ago, the exchange warned its users about phishing scammers who present themselves as Binance staff on Telegram and other social platforms. Per the alert, fraudsters direct victims to designated links, which can later steal their credentials or 2FA codes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Binance advised people to be <\/span><span data-preserver-spaces=\"true\">utterly<\/span><span data-preserver-spaces=\"true\"> cautious about suspicious messages and <\/span><span data-preserver-spaces=\"true\">to<\/span><span data-preserver-spaces=\"true\"> double-check information before clicking on unfamiliar links.<\/span><span data-preserver-spaces=\"true\"> The company\u2019s CEO <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/important-warning-affecting-all-binance-users-details-here\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">shared<\/span><\/a><span data-preserver-spaces=\"true\"> the warning, saying:<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cWe\u2019re here 24\/7, but your vigilance is the first line of defense.\u201d<\/span><\/p>\n<\/blockquote>\n<h2><span data-preserver-spaces=\"true\">Shiba Inu Also Sounded the Alarm<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Scams are a persistent and unpleasant part of the crypto space, and Binance isn\u2019t the only entity to warn about such dangers. Most recently, LUCIE \u2013 Shibarium\u2019s marketing strategist \u2013 <a href=\"https:\/\/cryptopotato.com\/top-shiba-inu-shib-leader-shares-a-crucial-scam-alert-details\/\" data-wpel-link=\"internal\">revealed<\/a> their personal encounter with bad actors years ago.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The X user said the attack caused a <\/span><span data-preserver-spaces=\"true\">huge<\/span><span data-preserver-spaces=\"true\"> trauma since wrongdoers managed to drain the victim\u2019s wallet. LUCIE also stated that the person who carried out the scam was \u201cso kind, so sympathetic\u201d and an English native speaker, meaning that <\/span><span data-preserver-spaces=\"true\">people can easily be tricked<\/span><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In conclusion, Shibarium\u2019s lead advised people to be careful and stay safe.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/recent-pi-network-pi-developments-important-scam-warnings-and-more-bits-recap-may-16\/\" rel=\"nofollow\">Recent Pi Network (PI) Developments, Important Scam Warnings, and More: Bits Recap May 16<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR PI surged to a two-month high after a teaser from the team behind the project, but dropped sharply to around $0.80 following the reveal of the actual news. Binance sparked speculation about a possible PI listing with a cryptic \u03c0-themed post, triggering excitement across the community. Shibarium\u2019s marketing strategist, LUCIE, shared a personal story [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27107","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27107"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27107\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}