{"id":18424,"date":"2025-10-07T12:27:32","date_gmt":"2025-10-07T11:27:32","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=18424"},"modified":"2025-10-07T12:27:34","modified_gmt":"2025-10-07T11:27:34","slug":"pi-network-loses-18-billion-in-six-months-was-it-a-scam-from-the-beginning","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pi-network-loses-18-billion-in-six-months-was-it-a-scam-from-the-beginning\/","title":{"rendered":"Pi Network Loses $18 Billion in Six Months: Was It a Scam from the Beginning?"},"content":{"rendered":"\n

Pi Network: A Programmed Implosion?<\/h2>\n\n\n\n

The Pi Network,<\/a> a crypto<\/a> project launched in 2019<\/strong> with the revolutionary promise of smartphone mining accessibility. He has just written its name in the unenviable history of digital financial disasters. The astronomical loss of $18 billion in market capitalization<\/strong> in just six months represents far more than a simple market correction. We are potentially witnessing the programmed implosion<\/strong> of a carefully constructed house of cards.<\/p>\n\n\n\n

This financial hemorrhage<\/strong> occurs in a particularly revealing context. Unlike established cryptocurrencies that experience fluctuations correlated with Bitcoin<\/a> cycles, Pi Network’s collapse shows all the characteristics of a structural failure<\/strong>. Opaque tokenomics, the absence of auditable smart contracts, and a perpetually “in development” mainnet constitute red flags that the crypto community should have identified long before this catastrophe.<\/p>\n\n\n

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\"PI
Source: CoinMarketCap<\/figcaption><\/figure>\n<\/div>\n\n\n

The accusation of a “rug pull” \u2013 this sudden withdrawal of liquidity<\/strong> orchestrated by developers \u2013 nevertheless deserves some nuance. Technically, we’re observing more of a “slow rug,” an insidious variant where value extraction occurs progressively, diluting existing tokens while maintaining the illusion of a viable project. On-chain analysts have detected suspicious movements<\/strong> from wallets linked to the founders<\/strong>, with transfers to centralized exchanges<\/strong> systematically preceding phases of price decline.<\/p>\n\n\n\n

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Pi crashed over 90% from its highest position that\u2019s basically a rug pull. Why should I or other Pi Network investors be happy about that? Pi Network has lost over $18 billion in value in just six months, and most Pioneers don\u2019t invest; they mine. So they don\u2019t see Pi Network\u2019s\u2026 https:\/\/t.co\/VIzP4LYbYu<\/a><\/p>— Mr Spock \ud835\uded1 (@MrSpockApe) October 5, 2025<\/a><\/blockquote>