There are a lot of people talking about it as a fraud. Is that true? There's no one to explain, and what's the signature, I hate a cheater. It's really shameless, and I get out of here.
I think the question really is, would there be a possibility that there might be instances of someone selling a big amount of picoin on any available exchanges and taking a big profit out of it? If there was a pattern on that then that would answer the question as to what might possibly have gone wrong with picoin.
The only exchange PI was avail as far as I know was at Novaexchange and as per Coin Market Cap data is there from May 9, 2017 where the top value is 16k in a single day. No pattern whatsoever. Howelse can one find the earlier data..? however there are many advocates of PI who think it was fair airdrop and PI is not a SCAM... including me.