Has the burning of the Kia PI Token started? Reality or rumors?
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According to recent reports, the total supply of #PiNetwork has decreased to 6.99 billion! This sudden reduction in supply has sparked speculation in the market. The question now is, is it a strategy or just rumors?
What happened?
Reduction of Total Supply: The total supply of $PI has decreased to 6.99 billion.
Removal of KYC Accounts: This burning may be related to the removal of unverified KYC accounts.
Rewards Budget: To celebrate Pi Day, a prize pool of $31,400 in $PI has also been announced!
What could be the impact?
Opportunity for Price Increase: Less supply, more demand — this classic formula can drive prices up!
Market Sentiment: If the expansion of the Pi Network continues, this burning could reassure long-term investors.
Pro Tip:
If demand for $PI increases and unverified accounts are burned, we could see a price surge in the coming days!
What do you think? Will this drive prices up or is it just a rumor? Comment! 💬👇#PiNetwork