- Cryptocurrency researcher Dr. Altcoin claims that over 19 million Pi coins might have been sold from a wallet potentially linked to the Pi Network’s core team.
- This claim came to light because of a recent update to Piscan, a tool that makes tracking transactions on the Pi blockchain easier and transparent.
The Pi Network community is currently discussing a significant claim about a large movement of Pi coins. This discussion has been sparked by new transparency features provided by a tool called Piscan, which explores the Pi blockchain.
Piscan’s Transparency Leads to Community Questions
A tool for exploring the Pi blockchain, known as Piscan, recently introduced updates that make it much simpler for anyone to view and understand transactions happening on the network.
Before this update, tracking activity on the Pi blockchain was difficult, making it hard for users to see exactly where coins were moving. With Piscan now offering clearer transaction tracking, members of the community have started looking into the data.
This increased transparency quickly led to questions. Dr Altcoin posted on social media about a specific wallet address. Dr Altcoin claimed that this wallet had moved, and possibly sold, more than 19 million Pi coins within a recent period of 20 to 30 days. While Dr Altcoin suggested the wallet was created by the Pi Core Team, this connection has not been officially confirmed by the team themselves.
Still, Dr Altcoin encouraged other users to look at the wallet’s activity using Piscan to see the movements for themselves.
Now that Piscan has made Pi blockchain transactions user-friendly and that past transactions can be easily tracked, check this Wallet address created by PCT, and you will find that at least 19 million Pi were sold in the past 20 to 30 days. This is only one out of many wallets in question,
he stated.
Dr Altcoin clarified that his intention was not to cause fear or doubt about the project. Instead, he framed his actions as a call for more transparency and for the project team to be accountable to the community.
His message was direct: the transaction data is now publicly visible, and the community members need to ask serious questions based on this information.
Currently, Pi Coin is trading at $0.7837, down 5.6% in the last 24 hours. While the price hasn’t dropped significantly based on this news, the conversation around the project is changing. Now that Piscan provides more accessible data, some users are starting to wonder if everything happening behind the scenes is fully aligned with community expectations.
Dr Altcoin also shared further thoughts, stating that the Pi community is becoming more active and less passive. He believes that tools like Piscan are helping Pi users, sometimes called Pioneers, to become more curious, look at things more critically, and have a more realistic view of the project.
The implication is that a time of simply trusting the project without question is ending, being replaced by users who rely on data and ask informed questions.
As of now, the Pi Core Team has not yet made any public statement addressing the specific claims about the wallet address or the movement of the 19 million Pi coins. Whether the specific wallet is truly linked to the team remains unproven without official confirmation. However, the larger point remains that having on-chain data available creates new expectations for openness and communication from the project team.
It seems that Piscan, perhaps without intending to, has started a new phase for the Pi Network. In this phase, the community is not just supporting the project but is also actively using available data to examine its operations and hold the team accountable.
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