Pi Network has again become the center of attention—this time due to a surprising increase in circulating supply. Based on the blockchain screenshots posted on social media, the circulating supply of Pi has surged from about 7 billion to nearly 12.7 billion tokens. That's a jump of over 5 billion Pi in a short period.
The big question is: Why does CoinMarketCap still show the old figure, around 7 billion Pi, to this day?
User X Dr Picoin's post shows two screenshots from Pi's blockchain explorer. The first image lists 7 billion Pi in circulation; the second shows it increasing to 12.7 billion. The total supply also increased by nearly 9 billion Pi, implying that new tokens have been released—possibly as rewards for mining, team allocation, or liquidity.
Some in the Pi community suggest that the increase of 5 billion tokens could be part of a liquidity pool, preparing for Pi's listing on major exchanges like Binance, BitMart, or HTX. However, there has been no official confirmation from any of these exchanges.
Although the circulating supply has increased, the balances on centralized exchanges (CEX) have hardly changed, only increasing by 2 million Pi. This means that most new tokens have not yet been traded. They may be locked, awaiting KYC verification, or simply have not been fully moved.
More confusingly, some users believe that the increase in supply could be a reporting error or glitch. With the ambiguous token data history and Pi Network's KYC backlog, that theory makes sense.
Currently, it is better to follow official updates from Pi Network or major exchanges. Therefore, investors should be cautious and vigilant about potential data discrepancies that may have occurred earlier.
Thus, as of now, there is no evidence that the token supply of Pi Network has increased to 12 billion, and the claims in this tweet are misleading.
