Pi Coin Hype or Hidden Dump? Analyst Reveals What Really Happened After Consensus 2025

The Pi Core team appeared at the center stage at the Consensus 2025 event. Excitement is in the air. The community is buzzing about the important announcement from the ecosystem. Hope for a full mainnet launch and a new wave of dApps emerging everywhere. The price of Pi quickly soared from around $0.40 to $1.60 in just a few days. But according to a cryptocurrency analyst, the real story is happening behind the scenes and it does not promise to be good. Dr. Altcoin, a well-known voice on X, believes that the Pi Core Team has used hype to quietly pull out funds. In a viral tweet, he claimed that while the community focused on flashy announcements, the team sold tens or even hundreds of millions of Pi at the peak. He stated that the sudden price increase and lack of monitoring are significant, indicating a carefully timed calculated strategy. Since the announcement, the price of Pi Coin has dropped back to $0.80 and continues to trend downward towards the previous range.

What makes many followers particularly disappointed is that there were no actual product updates. On May 14, instead of launching the long-promised mainnet or introducing the functioning dApp ecosystem, the team only revealed Pi Network Ventures. This new initiative is said to support startups and developers building on Pi. But there is no timeline, no teams introduced, and no immediate utility added for users or token holders. The Long Road Ahead for Pi Network? In the second post, Dr. Altcoin went further. He outlined what he believes to be the actual timeline for the goals of the Pi Network. According to him, the establishment of the Pi Ventures team alone could take from 6 to 12 months. Organizing thousands of developer applications could also take a similar amount of time. Even if some projects receive funding in the next one or two years, the launch of fully developed, high-quality dApps may take an additional two years. In total, building the ecosystem that Pi once hinted at could realistically take between 2.5 to 5 years. He also mentioned previous predictions about Pi reaching $314 when its ecosystem matures. Dr. Altcoin currently states that this price target could be 10 years away, if that happens. In the meantime, he urges Pi supporters, known as Pioneers, to stop pursuing unrealistic expectations. Instead, he suggests they focus on securing the referral bonuses they were promised, as a more immediate and fair reward for early support. These statements have sparked a debate within the Pi community. Some agree with the skepticism, pointing out how long Pi has been operating without a public mainnet or a listing on a suitable exchange. Others defend the project, arguing that long-term innovation takes time and vision, which has not been lost, only delayed. Currently, Pi Network is still a promising project but is slow to implement. The latest wave of hype may have helped push the price up, but without any supporting products, the market will often realize it. Whether Dr. Altcoin is right about the sell-off or the timeline milestones, one thing is clear: Pi still has a lot to prove.