Pi Network Price Today May 18, 2025: Extremely Strong Evaporation, Suspected Fraud in Pi Community
Pi Network price today 5/18/2025 decreased 25.9% compared to yesterday, currently at 0.692 USD. Dr. Altcoin stated: “Pi Core Team has scammed the community, and no one has realized it yet.”
Pi Network Price Today May 18, 2025
Pi price on OKX exchange on May 18, 2025 is fluctuating around the price from 0.6826 USD to 0.937 USD (equivalent to 17,690 VND to 24,290 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 25.9% compared to yesterday, reaching 17,940 VND
Pi Network is currently facing accusations of price manipulation. Analyst Dr. Altcoin believes that the development team has staged a sophisticated "dumping" campaign.
They are suspected of creating a media effect ahead of the Consensus event and the announcement of the Pi Ecosystem, causing the price of Pi to increase from $0.4 to $1.6. When the market was still excited, the group is said to have sold a large amount of tokens.
The community's expectations of a Mainnet launch accompanied by hundreds of quality decentralized applications quickly vanished.
Instead, on May 14, the development team only announced the Pi Network Ventures initiative, which disappointed many people.
Then, Pi price dropped sharply to $0.8 and according to Dr. Altcoin, it could return to its original level of $0.4, wiping out all expectations.
Dr. Altcoin stated: “Pi Core Team has scammed the community, and no one has realized it yet.”
Currently, Pi Network has not yet had an official response. The incident is considered a warning to retail investors about the risks of chasing media effects and vague expectations in the cryptocurrency market.
Nicolas Kokkalis's empty and uninformed speech
For the first time since Pi Network launched in 2019, founder Nicolas Kokkalis has officially appeared in the media, quelling rumors that he had “abandoned the project” or disappeared like Bitcoin’s Satoshi Nakamoto.
However, instead of creating a positive effect, his speech at the Coindesk Consensus 2025 conference coincided with the downward trend of Pi price.
During a presentation on May 16 in Austin, USA, Kokkalis said: “I am not here to talk about technology, but to talk about trust.” He affirmed that Pi Network is not just a cryptocurrency but also a global ecosystem.
His topic revolved around AI, blockchain, and the path to mass adoption of the technology. However, he did not provide any specific information about the development progress or plans to open the Pi network.
Kokkalis believes that KYC is at the core of a sustainable blockchain. While he admits that the network is not yet fully open, he emphasizes that openness should be accompanied by safeguards and anti-fraud measures, rather than rushed.
Many users later expressed disappointment as the speech was deemed general, providing no clear information or impetus for Pi's price, which continued to fall after the event.
