The Pi Network is back in the spotlight, but this time the attention isnโt very positive. ๐ Currently trading at $0.358, Pi has seen a small 3.5% rise over the past week โ but analysts warn the long-term outlook could be much darker. Some experts predict Pi could collapse to $0 by 2026, raising concerns for the millions of small investors holding the token. โ ๏ธ
According to PiScan data, just 22 whale wallets hold over 10 million Pi each โ thatโs around $3.5M per wallet at todayโs price. Even more alarming, the Pi Foundation controls over 52 billion Pi, valued at nearly $18B, leaving the majority of supply in very few hands. ๐๐ฐ
Meanwhile, over 13 million small holders โ nicknamed โplanktonโ or โmicrobesโ โ own less than $36 worth of Pi each. This massive imbalance fuels fears of market manipulation, as whales could easily sway Piโs price. ๐จ
Although the Pi team continues to promise new developments and adoption, trust remains shaky. A recent whale purchase of 441,549 Pi sparked some optimism, but with fundamentals this weak, traders are divided. ๐
๐ Will Pi manage to survive and prove the skeptics wrong, or are investors staring at a slow decline?