When the Pi Falls: Job Openings Amidst a Sea of Doubt and Dismay

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Ah, the Pi Network, a veritable theater of the absurd, where the token price dances like a marionette on strings pulled by unseen hands, sliding ever downward amidst fresh whispers of a nefarious pump-and-dump scheme. The community, a motley crew of bewildered souls, finds itself in a state of existential dread, pondering the recent announcement of job vacancies by the Pi Core Team. What a curious juxtaposition! 🤔

Price Drops Despite Fund Announcement

Once, on the fateful day of May 8, the price of Pi soared to a dizzying height of $1.6796, only to plummet like Icarus, now languishing at a mere $0.75. It clings to life, slightly above its early April lows, yet it is but a shadow of its former glory, having peaked at $2.98 in the halcyon days of late February. Oh, the irony! Even the grand proclamation of a $100 million ecosystem fund on May 14, intended to breathe life into this ailing network, has failed to halt the descent. Some, with a sardonic chuckle, suggest that this fund may be more of a noose than a lifeline. 😅

Technical analysts, those modern-day soothsayers, are fixated on the critical $0.70 support level. Should this fragile support crumble, it would render the 50% Fibonacci retracement level a mere figment of imagination, potentially ushering in a descent to the abyss of $0.40. What a delightful prospect! 🎢

Hiring Spree Amid the Chaos

In a twist worthy of a Dostoevskian plot, amidst the chaos and the cacophony of falling prices, the Pi Core Team has unveiled a fresh list of job openings. A curious timing, indeed! One cannot help but wonder if this recruitment drive is a beacon of hope or a desperate grasp at straws. 🤷‍♂️


Investor confidence, a fragile flower, now wilts under the weight of uncertainty, leaving many to question the motives behind this sudden hiring spree. Is it a genuine effort to bolster the team, or merely a distraction from the impending doom? 🤔

Allegations of Pump-and-Dump and Wallet Concerns

As the price continues its downward spiral, the Pi community raises its voice in alarm over potential pump-and-dump activities. Rumors swirl that the Pi Core Team wields control over more than 10,000 wallets and sub-wallets, though only the seven largest are easily tracked. A veritable labyrinth of intrigue! 🕵️‍♂️

In the last five months, the following transactions have transpired:

  • 5.4 billion Pi were moved from the Foundation 1 wallet to the Foundation 3 wallet.
  • About 700 million Pi were transferred from Foundation 3 to Foundation 2 in smaller batches.
  • More than 1 billion Pi went directly from Foundation 1 to Foundation 2.

Currently, the Foundation 3 wallet holds a staggering 4.7 billion Pi, while Foundation 2 is left with a paltry 24 million Pi. The community, in a fit of righteous indignation, demands answers about the fate of these vast quantities of Pi, calling for transparency and accountability from the enigmatic Pi Core Team. What a tangled web we weave! 🕸️

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2025-05-20 06:38