{"id":71572,"date":"2026-02-09T15:17:07","date_gmt":"2026-02-09T15:17:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71572"},"modified":"2026-02-09T15:17:07","modified_gmt":"2026-02-09T15:17:07","slug":"pi-network-pi-faces-pyramid-scheme-accusations-as-analyst-issues-crucial-warning","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71572","title":{"rendered":"Pi Network (PI) Faces \u2018Pyramid Scheme\u2019 Accusations as Analyst Issues Crucial Warning"},"content":{"rendered":"
\n

Pi Network\u2019s PI has been on a massive price decline over the past several months, causing many community members to lose patience and call the project a scam.<\/p>\n

Meanwhile, the bearish conditions of the broader crypto market and some other important factors signal that the asset could experience a further downfall in the near future.<\/p>\n

\u2018Not a Healthy Correction\u2019<\/h2>\n

It seems rather absurd that PI was trading at around $3 nearly a year ago, given its current valuation. Last week, the token\u00a0slipped<\/a> to a new all-time low of approximately $0.13, and as of press time, it is worth roughly $0.14, representing a staggering 95% collapse from the historical peak.<\/p>\n

According<\/a> to X user pinetworkmembers, the decline is not \u201ca healthy correction,\u201d but a market pricing of the biggest issues of the controversial project behind the cryptocurrency:<\/p>\n

\n

\u201cThat\u2019s not a healthy correction, that\u2019s the market finally pricing in the obvious: no functioning mainnet after years of promises, no real-world utility beyond \u2018keep the app open\u2019, and a whole lot of mobile mining theater.\u201d<\/p>\n<\/blockquote>\n

They\u00a0 claimed that at first PI was sold as \u201crevolutionary,\u201d but eventually ended up appearing like \u201cthe longest-running pyramid scheme dressed up as Web3 empowerment for hopeful retirees and late-night scrollers.\u201d<\/p>\n

They opined that Pi Network users (known as Pioneers) should admit that the experiment failed and redirect their energy toward something more productive that can actually bring them profit.<\/p>\n

\n

\u201cRIP to the bags still being held. Touch some grass, seriously,\u201d the X user concluded.<\/p>\n<\/blockquote>\n

This isn\u2019t the first time the project has become the subject of criticism. Earlier this month, Pi Network\u2019s Core Team celebrated<\/a> the so-called \u201cModerator Appreciation Day.\u201d The event aimed to acknowledge moderators and praise their role in building and supporting the community.<\/p>\n

The statement, however, triggered significant backlash, as many members argued that the project should focus on more pressing issues, such as expediting the verification process and related tasks.<\/p>\n

What Lies Ahead?<\/h2>\n

Several concerning factors, including the upcoming token unlocks, suggest PI\u2019s price could fall further in the short term. Data shows that nearly 250 million coins will be released over the next 30 days, resulting in an average daily unlock of more than 8.3 million.<\/p>\n

February 13 is expected to be the record day, when 23.6 million PI will be freed up. While the development doesn\u2019t guarantee an additional price collapse, it can be considered bearish because it increases the selling pressure.<\/p>\n

\"PI<\/a>
PI Token Unlocks, Source: piscan.io<\/figcaption><\/figure>\n

On the other hand, PI\u2019s Relative Strength Index (RSI) signals that a rebound could also be on the horizon. The technical analysis tool measures the speed and magnitude of recent price changes and helps traders identify potential reversal points. It varies from 0 to 100, and ratios below 30 indicate that PI has entered oversold territory and may be due for a resurgence. According to RSI Hunter, the RSI currently stands at around 35.<\/p>\n

\"PI<\/a>
PI RSI, Source: RSI Hunter<\/figcaption><\/figure>\n

The post Pi Network (PI) Faces \u2018Pyramid Scheme\u2019 Accusations as Analyst Issues Crucial Warning<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pi Network\u2019s PI has been on a massive price decline over the past several months, causing many community members to lose patience and call the project a scam. Meanwhile, the bearish conditions of the broader crypto market and some other important factors signal that the asset could experience a further downfall in the near future. […]<\/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-71572","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\/71572","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=71572"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71572\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}