Discover the controversy, real potential, and red flags behind 2025’s most talked-about mobile crypto.
Pi Network lets you “mine” crypto from your phone without using electricity or money—tapping a button once daily.
In May 2025, over 12 million PI tokens were allegedly dumped by insiders, crashing the price from $1.67 to $0.58.
Despite claims of decentralization, all mainnet nodes are still controlled by the Core Team—no open-source code yet.
Critics compare Pi’s referral-based growth to MLM schemes, rewarding early adopters and drawing pyramid concerns.
Mandatory KYC raised privacy concerns, especially after a 2021 data breach leaked Vietnamese users’ personal info.
Pi has 60+ million users, launched its open Mainnet in 2025, and some merchants began accepting it as payment.
The founders are Stanford PhDs in blockchain and social computing—adding academic credibility to the project’s vision.
Caution is key. Without open code, clear use cases, or decentralized control, Pi remains speculative—watch but verify.