Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk

# Pi Network’s Value Plummets by $18 Billion in Six Months Amid “Rug Pull” Warning

## Introduction
Pi Network, once a promising project with a valuation exceeding $20 billion, has recently faced a sharp decline in its value. Experts are now raising concerns about a potential “rug pull” risk associated with the project.

## Pi Network’s Substantial Value Decline
In a span of just six months, Pi Network has witnessed its value plummet by a staggering $18 billion. This substantial loss in market capitalization has led to a marked deterioration in investor confidence.

## Expert Warnings of “Rug Pull” Risk
An expert in the field has pointed out the alarming possibility of a “rug pull” within the Pi Network project. This term refers to a deliberate scheme in which project developers abscond with investors’ funds, leaving them with worthless tokens.

## Conclusion
The drastic devaluation of Pi Network signals a concerning trend in the cryptocurrency market, emphasizing the importance of due diligence and caution when investing in emerging projects. Investors are urged to thoroughly research and assess the risks associated with any cryptocurrency venture before committing their funds.

### Source: [CoinGape] [Link to the original article]