Pi Network’s mystery: Why the hype won’t die despite endless doubts

Pi Network blends free mobile mining, referral rewards and social hype. Despite delays, centralization and a 90% price drop, it still attracts millions.

Despite years of delays, opaque operations and widespread skepticism, Pi Network still commands a near cult-like following.

Critics, however, have called the project “money-minded,” citing its reliance on in-app ads, referral-driven growth and centralized control of tokens. Some even allege that its Know Your Customer (KYC) requirements could allow the monetization of user data.

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