📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Insiders of Pi Network sold 12 million tokens! The price of PI fell over 50%, triggering market panic.
In August 2025, the Pi Network experienced a massive insider dumping event, with 12 million PI tokens flooding the market, directly causing the coin price to big dump by more than 50%, collapsing from $1.60 to $0.44. This sudden turmoil not only threw the Pi community into panic but also sparked serious doubts from the outside about the project's transparency and trustworthiness. Although mainstream crypto assets were unaffected, the crisis of Pi Network became a hot topic in the market.
Internal dumping triggers crisis, project transparency questioned
It is reported that Pi Network is co-led by Dr. Nicolas Kokkalis and Dr. Fan Chengdiao, but after the internal sale of 12 million PI, the officials have not released a statement, increasing the community's unease. An Atlas investigation pointed out that this batch of tokens was sold during the peak valuation period, involving an amount as high as 8 billion dollars, raising suspicions in the market about the project party's collusive manipulation.
Price big dump of 50%, market panic spreads
Affected by internal sell-offs, the price of PI Token plummeted by 50% in a short period, reaching an all-time low. Nevertheless, the liquidity of mainstream DeFi protocols showed no significant anomalies, indicating that this event has a limited impact on the overall Crypto Assets market. However, the confidence of the Pi Network community has been severely damaged, with discussions heating up and skepticism continuing to rise.
Trust crisis and regulatory risk emerging
Experts warn that projects with a high proportion of insider holdings are susceptible to trust crises and valuation challenges. The recent Pi Network dumping incident highlights long-term concerns about the transparency and governance structure of the crypto industry. Although institutional investors and regulators have yet to speak out, the market has begun to pay attention to the potential long-term impact of similar events on future Token values.
Community Self-Rescue and Future Outlook
In the face of a trust crisis, the Pi Network community calls on the project team to enhance information disclosure and governance transparency to rebuild user confidence. In the future, how to improve the project's governance structure and strengthen the regulations on insider holdings will be key to whether Pi Network can emerge from its low point.
Conclusion
The insider selling incident of Pi Network has triggered a big dump in coin prices and a crisis of trust, once again sounding the alarm for the crypto assets industry. Investors should pay close attention to project governance and transparency, carefully assess potential risks, and seize opportunities and challenges amid market volatility.