Pi coin is not doing well. Notable crypto analyst Atlas just shared a statement calling Pi Network one of the biggest rug pulls of 2025. In just 12 months, the token crashed by 50%. While some say that the dip arrived due to natural causes, others suggest that this might be an insider job.
While speculations regarding the dump have been running wild, data suggests that the crash came just days after the token surged to $1.60. As a result, analyst Atlas went to the drawing board and has surfaced with some circumstantial evidence suggesting a rug pull.
Is It An Insider Job?
According to Atlas, the blockchain teased users with the promise of upgrades. According to sources, these updates were aimed at making the blockchain more responsive and efficient. As a result, people hoarded the token. Eventually, the cycle ended with Pi Coin crashing nearly 50% in the following weeks, with 25% practically dipping overnight.
As per Atlas, it is surprising that Roken, which was one of the top 20 highest ROI cryptos, soon became a liability for investors. All signs suggest that the blockchain just faced a rug-pull situation, and the token dipped sharply.
Even though we have no concrete evidence, a probe conducted by Dr.Picoin suggested that the rug pull might have been triggered by major token flushing by the network’s core team. Hence, the recent dip might just be another insider job. Something that has become rampant in the ecosystem.
