Altcoins News
By Evie Vavasseur
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The Pi Network is facing growing criticism from its community after numerous users reported missing tokens in their wallets, despite successfully completing Know Your Customer…
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Over the last 24 hours, the price of Pi Coin has dropped by around 4%, now trading slightly above the $0.60 mark.
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Thousands of users, many of whom have been involved with the Pi Network for years, have expressed their frustration on social media platforms and community forums.
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Some users have even reported the appearance of multiple wallet addresses under a single account, adding to the confusion and fueling doubts about the security and reliability of…
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Community Demands Transparency and Accountability
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The outrage intensified when the Pi Core Team issued a wallet security advisory, urging users to protect their seed phrases.
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One user, Haifeng Chen, voiced his anger publicly on X (formerly Twitter), writing: “Give me back that damn Pi. I’ve worked hard for six years. You still haven’t mapped it.
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These concerns are echoed by other prominent community figures. James Zito, a long-time supporter of the project, urged the team to address the matter before Pi Day 2, scheduled…
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Dr. Altcoin, another active member in the Pi space, also stressed the need for transparency and security.
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The Pi Network has long positioned itself as a people-first project aiming to create a decentralized digital currency accessible to all.
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While the Core Team has yet to release a formal response to the backlash, speculation is growing around a potential Phase 2 migration update.
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The ongoing controversy appears to be weighing heavily on Pi Coin’s price. After hitting a local high of $1.70 in May, the token has gradually declined and now trades just over $0.
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Investors are advised to remain cautious, especially in light of the technical inconsistencies and the lack of a clear communication roadmap from the team.
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Until the Core Team directly addresses the mounting concerns, including missing balances and stalled migrations, confidence in the project may continue to waver.
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