{"id":849675,"date":"2025-05-20T09:11:43","date_gmt":"2025-05-20T14:11:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/pi-network-announces-job-vacancies-amid-scam-rumors-heres-how-to-apply\/"},"modified":"2025-05-20T09:11:43","modified_gmt":"2025-05-20T14:11:43","slug":"pi-network-announces-job-vacancies-amid-scam-rumors-heres-how-to-apply","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/pi-network-announces-job-vacancies-amid-scam-rumors-heres-how-to-apply\/","title":{"rendered":"Pi Network Announces Job Vacancies Amid Scam Rumors; Here\u2019s How To Apply"},"content":{"rendered":"
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The Pi Network is going through a volatile phase<\/a> as its token price continues to slide amid fresh allegations of a pump-and-dump scheme and suspicious wallet activity. Despite these setbacks, the Pi Core Team has announced new job openings, leaving the community both puzzled and concerned.<\/p>\n

Price Drops Despite Fund Announcement<\/strong><\/h2>\n

After briefly spiking to $1.6796 on May 8, the price of Pi has pulled back sharply and is now trading at around $0.75. Although it remains slightly above its early April lows, the token\u2019s value has dropped since peaking at $2.98 in late February.<\/p>\n

Even a major announcement on May 14, where the Pi Core Team unveiled a $100 million ecosystem fund<\/a> to boost network development, failed to stop the price slide. In fact, some community members argue that this fund may be contributing to sell pressure rather than supporting the market.<\/p>\n

Technical analysts are keeping a close eye on the critical $0.70 support level. If this support breaks, it would invalidate the 50% Fibonacci retracement<\/a> level, possibly opening the door for a drop to $0.40.<\/p>\n

Hiring Spree Amid the Chaos<\/strong><\/h3>\n

Interestingly, amidst the falling prices and growing controversies, the Pi Core Team has released a fresh list of job openings.\u00a0<\/a><\/p>\n

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This move comes at a time when investor confidence is shaky, leaving many to question the timing and motives behind the recruitment drive.<\/p>\n

Allegations of Pump-and-Dump and Wallet Concerns<\/strong><\/h3>\n

Along with falling prices, the Pi community is also raising concerns about possible pump-and-dump activity. Many believe the Pi Core Team controls over 10,000 wallets and sub-wallets, though only the 7 largest wallets are easy to track.<\/p>\n

In the last five months:<\/p>\n