PI Network publishes a job seeking vacancy in the rumors of fraud. The application method is as follows

By Crypto Gloom On May 20, 2025

The PI network is undergoing volatile stages, with the token prices slipping in the fresh claims of pump and dump systems and suspicious wallet activities. Despite these frustrations, the PI Core team announced a new job opening, and the community was embarrassed and worried.

Despite the announcement of the fund, price decline

After spikes for $ 1.6796 on May 8, the price of the PI has been backward and is currently being traded at about $ 0.75. It is slightly higher than the lowest in early April, but the value of the token has fallen since its peak at $ 2.98 at the end of February.

Even on May 14, when the PI Core team unveiled $ 100 million ecosystem funds to increase network development, even the main announcements could not stop the price slide. In fact, some community members argue that this fund can contribute to selling pressure rather than supporting the market.

Technical analysts are closely watching the important $ 0.70 support level. If the support is interrupted, you can invalidate the 50% Fibonacci Retression level and drop the door to $ 0.40.

Hiring SPREE in chaos

Interestingly, the PI Core team has announced a list of new jobs.

This movement comes at the time when investor trust is shaking. Many people question the timing and motivation of hiring driving.

Charges of pump and dump and wallet issues

With the price drop, the PI community raises concerns about pump and dump activities. Many people think that the PI Core team controls more than 10,000 wallets and lower walls, but it is easy to track only seven largest wallets.

In the last five months:

The 5.4 billion PI moved from Foundation 1 to Foundation 3.
In a smaller batch, about 700 million PIs were transferred from Foundation 3 to Foundation 2.
More than 1 billion PIs went directly from Foundation 1 to Foundation 2.

Currently, Foundation 3 wallets have 4.7 billion PIs, and Foundation 2 has 24 million pi. The community requires the answer to where these large PIs went, and require more transparency and responsibility of the PI core team.