**Title: "Pi Network: The $940 Mirage — Why ‘Locked’ Coins Could Spell Disaster for Millions"**
**Subheadline:** *Promises of Crypto Riches or a Trap of Artificial Scarcity? Inside Pi’s Controversial Mainnet Rollout*
The Pi Network, once hailed as the "people’s crypto," now faces mounting skepticism as users uncover a labyrinth of locked tokens, unverified balances, and delayed withdrawals. With its Mainnet live but 80% of coins frozen until *at least 2028*, critics are asking: **Is Pi a revolutionary project or a ticking time bomb?**
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### **The $940 Question: Real Value or Smoke and Mirrors?**
Pi’s price hovers near **940 TON (тг)** for *unlocked* tokens—a figure plastered across crypto forums. But here’s the catch: **most holders can’t touch their coins**. Only a fraction of the 35 million+ users have verified wallets, and even those face years-long lockups. This creates an illusion of demand, propping up prices while trapping everyday miners in limbo.
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### **The Red Flags No One’s Talking About**
- **Locked Liquidity**: Early insiders and the Pi Core Team control the majority of unlocked tokens, leaving retail miners holding IOUs.
- **Ghost Chains**: The “Psi Mainnet” operates in near obscurity, with no major exchange listings or real-world utility.
- **2028 Time Bomb**: By the time withdrawals open, early adopters could dump their bags, cratering prices for latecomers.
*“It’s a textbook artificial scarcity play,”* warns crypto analyst Clara Mendez. *“Create hype, lock the supply, and let FOMO do the rest.”*
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### **Mainnet Madness: Why Can’t Users Cash Out?**
Pi’s team claims delays are for “ecosystem development,” but skeptics argue the timeline benefits insiders. Meanwhile, unverified tokens (labeled **C VMIDITD**) remain worthless, and the project’s opaque governance fuels distrust.
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### **Should You Hold or Fold?**
While Pi’s loyalists preach patience, the math is grim:
- **Risk**: No guarantees the 2028 unlock won’t trigger a mass sell-off.
