Pi Network denies rumors about Pi’s price ranging from $314 to $1000

The developers reminded users that Pi still does not have an official market value.

Pi Network warns about fraud involving fake token prices

22.12.2025 - 10:15

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2 min

Key points:

According to the Pi Network team, the token does not have an official market price, and all reports of trading are fake.
Scammers are using fake DEXs and fake websites to steal funds by connecting wallets.

The Pi Network team issued a new warning amid a wave of fraudulent reports about the alleged market price of the Pi token — from $314 to $1000. These posts were actively distributed on X and Telegram and contained links to fake DEX platforms with a request to connect a wallet.

Source: X.com

The developers emphasize that these prices have nothing to do with reality. Pi Network still has no official market value, and any sites with the “current price of Pi” are fake. Requests for seed phrases and private messages from “project representatives” are a direct sign of fraud. The warning came amid a surge in scam activity fueled by expectations of the mainnet launch.

Fake DEXs and theft of funds

Most fraudulent schemes followed the same pattern: users were offered “Pi DEX” with instant exchange of Pi for dollars, creating an illusion of urgency and backing it up with screenshots. However, blockchain data does not confirm such activity. Monitoring did not reveal any outflows of funds from official pools or smart contracts supporting the exchange of Pi for USD.

All “evidence” existed only outside the blockchain. Users were redirected to domains masquerading as official ones, after which their connected wallets were emptied. Several victims reported losing their entire balance in a matter of minutes.

Pi owners are advised to ignore any talk of price, follow the news only through official channels, and under no circumstances connect their wallets to unknown sites.

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