the Pi Core Team appeared front and center at the Consensus 2025 event. Excitement surged. The community was buzzing about a major ecosystem announcement. Hopes of a full mainnet launch and a wave of new dApps were everywhere. The price of Pi quickly jumped from around $0.40 to $1.60 in a matter of days. But according to one crypto analyst, the real story was happening behind the scenes, and it wasn’t nearly as promising.
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Analyst Claims the Core Team Sold the Top
Dr. Altcoin, a well-known voice on X, believes the Pi Core Team used the hype to quietly cash out. In a viral tweet, he claims that while the community was focused on flashy announcements, the team was selling tens or even hundreds of millions worth of Pi at the peak. The sudden rally and lack of meaningful follow-through, he says, point to a carefully timed strategy. Since the announcements, the Pi Coin price has dropped back to $0.80 and continues trending down toward its earlier range.
The Pi Core Team Rug-Pulled Pi — And No One Noticed!
— Dr Altcoin (@Dr_Picoin) May 17, 2025
The Pi Core Team recently created massive hype around Pi — especially with the Consensus 2025 event and the “Pi Ecosystem” announcement. This hype pushed the price from $0.40 to $1.60.
Then came the real move:
The Core Team… pic.twitter.com/8kDJhrxnJe
What especially frustrated many followers was the lack of any real product update. On May 14, instead of launching the long-promised mainnet or introducing a working dApp ecosystem, the team only revealed Pi Network Ventures. This new initiative is supposed to support startups and developers building on Pi. But there were no timelines, no teams introduced, and no immediate utility added for users or token holders.
Read also: AI Predicts: How Low Can Pi Coin Drop If Bitcoin Dips Back to $90K
A Long Road Ahead for Pi Network?
In a second post, Dr. Altcoin went further. He outlined what he believes is the real timeline for Pi Network’s goals. According to him, just setting up the Pi Ventures team could take 6 to 12 months. Sorting through the thousands of developer applications could take just as long. Even if some projects get funding in the next year or two, launching fully developed, high-quality dApps might take another two years on top of that. In total, building out the kind of ecosystem Pi once hinted at could realistically take between 2.5 and 5 years.
He also addressed previous predictions of Pi reaching $314 once its ecosystem matured. Dr. Altcoin now says that price target may be 10 years away, if it ever happens. In the meantime, he urges Pi supporters, known as Pioneers, to stop chasing unrealistic expectations. Instead, he suggests they focus on securing referral bonuses they were promised, as a more immediate and fair reward for early support.
These claims have sparked debate in the Pi community. Some agree with the skepticism, pointing out how long Pi has operated without a public mainnet or proper exchange listings. Others defend the project, arguing that long-term innovation takes time, and that the vision isn’t gone, just delayed.
For now, Pi Network remains a project full of potential but light on delivery. The latest hype wave may have helped push the price, but if there’s no product to back it up, the market usually finds out. Whether Dr. Altcoin is right about the selloff or the roadmap timeline, one thing is clear: Pi still has a lot to prove.
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