Pi Network (PI) News Today: April 5

Pi Community continues to make waves within the cryptocurrency trade in addition to stir controversy. Forward of at this time’s substantial value surge, a former proponent turned critic made some large accusations.

Is PI a gradual rug?

Let’s begin with the massive one from the bat. CryptoPotato reported a couple of days in the past that Moon Jeff, a well-liked X person who has had a fair proportion of controversial conduct with reference to PI, said that the mission is definitely a gradual rug pull. This got here after weeks of fixed waves of constructive feedback and bullish predictions for PI’s value.

Nevertheless, because the token tumbled by over 80% since its February all-time excessive, Moon Jeff turned the tables. The X person insisted that the Pi Community workforce had made some actually daring guarantees forward of the Mainnet launch, however did not observe by means of.

“The workforce isn’t delivering what they promised. They promised 100 Dapps on launch, however solely lower than 5 are working.”

PI’s rollercoaster value actions

As talked about above, the native token has had some wild swings these days. After the all-time excessive at $3 on February 26, it went on a extreme downturn that culminated yesterday with a value droop to $0.4. This turned its lowest value level ever because it went stay for buying and selling in mid-February.

Nevertheless, PI lastly bounced off after such a vicious value decline on a month-to-month scale. The truth is, it has emerged as at this time’s high performer from the biggest 100 cryptocurrencies. Simply hours in the past, it touched $0.7, which meant that it had added 75% for the reason that ATL marked on Friday.

Regardless of retracing to $0.6 as of press time, PI remains to be up by double-digits on a each day scale. It has gained a couple of locations by way of market cap and is now near breaking again into the highest 30 alts by that metric.

At the moment’s surge came because the token turned some of the trending cryptocurrencies, in keeping with CoinGecko, by surpassing Bitcoin, Solana, Ripple, and Ethereum. Moon Jeff additionally weighed in on the worth positive factors, indicating that traders had begun withdrawing their belongings from exchanges, whereas the each day unlocking was simply one million PI, as an alternative of the multi-million registered earlier.

And, Moon Jeff is again with the bullish value predictions.

20 Million+ $PI withdrawn from Exchanges.

Just one Million $PI had been unlocked at this time.
The excessive demand made PI to rise by over 20%.
If we proceed seeing such withdrawals then $PI goes to $5. #PiNetwork pic.twitter.com/foPftjaJlS

— MOON JEFF (@CRYPTOAD00) April 5, 2025

PiNews partnership

Though this one doesn’t come instantly from the official Pi Community on-line channels, it might nonetheless profit the ecosystem and its reputation. This partnership, between PiNews – an X channel devoted to Pi Community with over one million followers – and PiPhrase. The latter is described as an ‘progressive, clear Web3 Pi mission that goals to guard Pioneers whose Pi Pockets Keys have been uncovered.’

The partnership goals to assist customers if they should recuperate all their keys, particularly if they’ve misplaced 1, 2, or 3 phrases within the 24-word Pi Pockets.