Pi Network Warns Users Against Unofficial Price Claims and Trading Risks

Pi Network has issued a public statement cautioning users against circulating reports of a purported 13% weekly price increase for its cryptocurrency, PI [1]. The announcement aims to address growing misinformation surrounding the asset's valuation and trading status. The team emphasized that there is currently no official listing of PI on any recognized or centralized exchanges, and therefore no verified price data exists for the token [1].

The project’s founders, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, reiterated that any trading activity involving PI or its unofficial representations—such as IOUs (I Owe You)—is not endorsed by the Pi Network team [1]. Kokkalis explicitly stated, “PI is not officially listed on any centralized exchanges and trading PI IOUs is not endorsed by our team.” This warning highlights the risks users may face when engaging in unofficial markets where price claims are often speculative and unverified [1].

The potential for misinformation to distort market perceptions has been a recurring concern for the Pi Network. The team notes that unauthorized price movements reported on unofficial platforms may mislead inexperienced investors and lead to poor financial decisions [1]. By not endorsing or confirming such claims, Pi Network underscores the importance of relying solely on information disseminated through official channels to avoid regulatory and financial complications [1].

The statement also encourages participants to focus on the network’s long-term development rather than speculative trading. The team advises users to remain cautious when interpreting or sharing data from unverified sources and to consult only the official Pi Network communication platforms [1]. This stance aligns with broader efforts to ensure the network remains compliant with regulatory standards and maintains transparency for its global user base.

As the Pi Network continues to evolve, it remains firm in its commitment to guiding users away from speculative trading environments and toward a more informed and sustainable engagement with the platform [1].

Source: [1] Pi Network Warns Against Unofficial Price Claims (https://coinmarketcap.com/community/articles/689ae2e2790b292b8ac6c13a/)