Pi is a centralised shitcoin. The faster you understand this, the better for you. Pi is going to be one of the biggest scams in the history and that is too a huge KYC scam. My intuition is very strong on this point. The amount of KYC data they have gathered from their worldwide user base, that puts them in a position to monetize that data using different avenues.
I'm also waiting for this to happen; they have nothing innovative to offer to the community, it's one of the biggest centralized coins in the industry, and there's a possibility of the admins dumping their shares in the market and then just vanishing. A report on Binance square accused them of dumping 12million tokens worth $8 billion, Pi is a scam waiting to happen.
Pi Network, once hailed as the “people’s crypto,” is now under fire after investigators raised alarms over a potential $8 billion rug pull. The project’s rapid token crash and insider activity have sparked industry-wide fears that Pi may be the biggest crypto scam of 2025.
$8 Billion Vanish?” Pi Network Accused of Orchestrating 2025’s Biggest Crypto Rug Pull