PI Network’s native token PI is once again under pressure. The token’s price has dipped below a crucial support level as investor interest in the altcoin continues to wane.
Market sentiment has turned increasingly negative, raising fears that PI could soon revisit its all-time low of $0.32.
PI Faces Strong Downward Momentum
Today’s broader market decline has weighed on PI’s price. It has witnessed a 4% drop, pushing it below the critical $0.37 support level, a zone that had prevented deeper losses since August 1.
At press time, PI trades at $0.36, with trading volume surging 104%. A rising trading volume alongside a falling price signals heightened selling pressure, as more market participants are offloading their positions.
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This combination confirms the strong bearish sentiment against PI, suggesting that the downward move may continue unless new buying interest emerges to stabilize the market.
Moreover, the altcoin’s negative Balance of Power (BoP) supports this bearish outlook. As of this writing, the indicator is at -0.66 and trending lower, highlighting the weakening demand for PI.
The BoP indicator measures the strength of buyers versus sellers in a market. It calculates whether bulls or bears are dominating price movements over a given period. A positive BoP indicates buying strength, while a negative BoP signals selling pressure.
PI’s negative BOP signals sellers exert more influence over price action than buyers. It is a bearish signal that indicates further downside pressure on PI if the trend continues.
PI Nears All-Time Low; Traders Eye $0.37 Support Reclaim
Intensifying sell-side pressure could push PI toward its all-time low of $0.32, and if buyers fail to defend this critical support zone, the altcoin could slide even further. However, there is a catch.
PI’s Chaikin Money Flow (CMF) is trending upward, currently reading 0.04, signaling a bullish divergence. An asset’s CMF forms a bullish divergence with its price when it returns a positive value during a period of price decline.
This suggests that despite recent selling pressure, buying interest is starting to emerge.
Bitget exchange, in collaboration with blockchain security firms SlowMist and Elliptic, has exposed the terrifying anatomy of the most advanced crypto scams in recent times.
These findings come amid rising security incidents, ranging from high-profile attacks to government involvement in crypto laundering attacks.
AI Deepfakes, Social Tactics Behind 2025 Crypto Scam Rise: Bitget Report
The report cites AI deepfakes, weaponized psychology, and social engineering. It lays bare how bad actors use synthetic videos, virtual identities, and fake crypto meetings to deceive users and dismantle trust in the Web3 ecosystem.
A key finding in the report is that in 2025, scams will go beyond stealing user keys to hijack victims’ realities. From celebrity deepfakes to Trojan job offers and fake Zoom meetings, the latest scams blend high-tech deception with low-tech manipulation.
Bitget’s report categorizes the most dangerous threats under three pillars: deepfake impersonation, social engineering scams, and advanced Ponzi schemes. The most insidious are deepfakes.
AI Deepfakes Blur the Line Between Real and Fake
In early 2025, Hong Kong police arrested 31 individuals in a deepfake scam syndicate. Perpetrators stole $34 million by impersonating crypto executives during fake investment calls. This was just one of 87 similar operations dismantled across Asia in Q1 alone.
“…attackers using AI synthesis tools to fabricate audio and video likenesses of well-known project founders, exchange executives, or community KOLs in order to mislead users. These fabricated materials are often highly realistic,” read an excerpt in the report shared with BeInCrypto.
With tools like Synthesia, ElevenLabs, and HeyGen, attackers fabricate dynamic likenesses of public figures. Named victims include Elon Musk and Singapore’s Prime Minister. Bad actors create convincing videos to promote fraudulent platforms.
These videos are often distributed on social channels like Telegram, X (Twitter), and YouTube Shorts. Based on the report, they turn off comments to maintain a façade of legitimacy.
One case involved deepfake clips of Singapore Minister Lee Hsien Loong endorsing a “government-backed crypto initiative.” The campaign reportedly ensnared thousands before it was flagged.
Zoom, but Make It a Scam
Another disturbing tactic involves impersonating Zoom. Victims receive fake meeting invites from “crypto executives,” prompting them to download Trojan-laced software.
During the meeting, scammers use deepfake avatars and fabricated credentials to trick users into sharing wallet access or approving malicious transactions.
“The people luring you to download fake Zoom for meetings are extremely persuasive, making you feel it’s unlikely to be fake. A key point is that the participants you see during the meeting are actually displayed using deepfake videos… Don’t doubt it, in the AI era, video and voice forgery can be extremely realistic…,” SlowMist founder Cos shared on X.
Once inside the system, attackers can access browser data, cloud storage, or private keys, exposing users to total account compromise. These multi-layered attacks represent a new “identity hijack” category combining technical infiltration and social trust manipulation.
Social Engineering to Exploit Human Vulnerability
Bitget’s report stresses that modern scams rely as much on psychology as code. One notable trend is the rise of “AI arbitrage bot” scams, where scammers promise effortless gains using ChatGPT-branded smart contracts.
Bad actors trick users into deploying malicious code via fake Remix IDE pages, and their funds are instantly rerouted to scammer wallets.
What’s worse? These schemes are often small-scale, targeting victims for $50–$200 at a time. While the losses are minor enough to deter pursuit, they are frequent enough to generate large cumulative profits for attackers.
Ponzi Schemes Behind Promised Yields
Beyond AI-generated scams, Bitget also warns that traditional Ponzi and pyramid schemes have not disappeared, but have mutated. Specifically, these scams have undergone a “digital evolution,” leveraging on-chain tools, rapid viral marketing, and the illusion of legitimacy through smart contracts.
Instead of opaque offshore bank accounts, modern-day fraudsters attract victims through Telegram groups, Twitter hype, and tokens with built-in referral mechanics.
Smart contracts give these scams a thin veneer of decentralization and transparency. Meanwhile, carefully obfuscated tokenomics mimic legitimate yield structures until the inevitable collapse.
A potent mix of social engineering and digital virality is fueling this transformation. Influencers and anonymous promoters often seed these scams through memes, testimonials, or even AI-generated videos posing as reputable figures.
Projects disguised as “community-driven” DAOs or staking protocols rope users in with unsustainable returns, creating a frenzy of buy-ins that mask the exit liquidity strategy.
As regulation struggles to catch up, the speed and scale at which these digital Ponzi schemes propagate make them harder to track.
A Call for Skepticism and Collective Defense
Against this backdrop, Bitget has launched a dedicated Anti-Scam Hub, integrating real-time behavioral analytics to flag suspicious activity.
It has partnered with Elliptic and SlowMist to trace illicit fund flows and dismantle phishing infrastructures across multiple chains.
The report urges users to verify all asset-related instructions across multiple channels, noting that visual and auditory credibility is no longer enough. It also encourages projects to adopt on-chain signature broadcasts and maintain a single verified communication channel.
Scam Red Flags and Protection Measures. Source: Bitget report
With scams advancing, so must user and ecosystem defenses. The crypto industry now faces a dual challenge: safeguarding assets and rebuilding user trust in a digital world where anyone can be anyone.
Bakkt, a crypto exchange, is preparing to raise $75 million to fund new Bitcoin purchases. Last November, reports suggested that Trump Media was planning to buy out the company, but this evidently fell through.
Additionally, firms around the world continue to invest in BTC and altcoin stockpiles. Jordan Fried was named as the incoming CEO of a corporate Bitcoin buyer, but he’s simultaneously the Chairman of an HBAR treasury firm.
Bakkt, a centralized exchange with a marginal presence in the industry, is the latest firm to bet big on Bitcoin. Specifically, according to a press release, Bakkt plans to offer over 6.7 million shares of company stock to raise funds:
“The gross proceeds from the offering, before deducting underwriter discounts and commissions and other estimated offering expenses, are expected to be approximately $75 million. Bakkt intends to use the net proceeds from the offering to purchase Bitcoin and other digital assets in accordance with its investment policy,” Bakkt’s statement read.
Evidently, however, this deal fell through. Instead, last month, it filed to create massive new stock offerings, exploring a potential BTC pivot. Today’s offering may be the first step of this plan.
Additionally, Bakkt isn’t the only company making massive Bitcoin commitments today. Antelope Enterprise Holdings Limited announced a $50 million investment thanks to a new securities purchase agreement.
It’s unclear if this represents a limited entry into the crypto sector or a full-fledged turn towards the treasury strategy.
Although firms like Bakkt and Antelope Enterprise specialize in Bitcoin, some individuals are on both sides of the fence. Altcoin treasury strategies are rising around the world, with new assets receiving corporate cash.
Yesterday, Immutable announced an HBAR reserve strategy, which its Chairman, Jordan Fried, commented on.
Today, however, Jordan Fried was named in a Bitcoin-specific treasury plan. ZOOZ Power, an EV infrastructure firm, announced a $180 million private placement to fund BTC purchases.
“The company intends to leverage every resource available to a dual-listed entity to scale its Bitcoin holdings, while signaling crypto-native and innovation-focused stakeholders that we are forward-thinking. We see our treasury evolving into a strategic asset that drives growth, stability, and differentiation,” Fried claimed.
In other words, Bakkt and other firms are bullish on Bitcoin, but there are other options. Neither of Fried’s associated companies is preparing a diversified strategy yet, taking a maximalist position on different assets.
Moving forward, the comparative performance of these two tactics could provide valuable data for corporate investors.
