Analysts Warn Pi Network Over Transparency Amid OM Token’s Catastrophic Collapse

Following the OM token’s dramatic collapse – where its price plummeted over 90% and wiped out more than $5.5 billion in market capitalization – analysts have now voiced concerns regarding the transparency of the Pi Network. The warning comes in the wake of OM’s crash, which has raised fears of similar vulnerabilities in other projects, especially those undergoing major developmental phases and token unlocking events. Amid this uncertainty, the Pi Network, which recently transitioned to its full Open Mainnet phase, is being advised to adopt stricter transparency measures. Critics argue that despite a robust community and a steady token release strategy, the lack of clear and open communication could expose the network to market manipulation risks similar to those seen with OM. Nonetheless, defenders of Pi highlight its growing utility, integration with Chainlink, new fiat on-ramps, and other ecosystem developments that could help sustain investor confidence if managed prudently. The overall sentiment is one of caution, urging both teams and users to remain vigilant as the broader crypto market grapples with the implications of such high-profile collapses.