What is happening with Pi???
3 min readApr 5, 2024
The Pi crypto crashes in less than an hour…. or did it?
Yesterday, many of you who are mining Pi might have noticed — the value plummeted from $40 or so, all the way to $0.19.
So those stories I wrote about the “easiest $100k I ever made… maybe….”, the maybe part has come true, and it’s probably a hard nope.
The Pi community is fuming.
No shortage of hate in the comments and chatpod.
Was it a rug pull?
Was it a scam?
What happened?
I opened the Pi app and went into the chats and found relevant info, but I am still totally confused.
Apparently Pi team has been fighting a battle against exchanges with fraudulent PI listings, and the value seen in coinmarketcap is being drawn from illegitimate blockchains.
