Pi Network core team holds most of the tokens, which worries users🚩🚨🚩🚨
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The latest data reveals that the Pi Network core team controls approximately 62.8 billion pi tokens in six wallets
According to data from PiScan, the Pi Network core team currently holds the majority of the total supply of Pi coins. While such concentration may be necessary during the early stages of the network’s development, it also raises significant concerns about the future decentralization of the project.
The concentration of Pi token supply in the hands of the core team raises concerns
The latest data reveals that the Pi Network core team controls approximately 62.8 billion pi tokens in six wallets. Additionally, around 20 billion tokens are held in roughly 10,000 unlisted wallets belonging to the team. This brings the total supply held by these entities to around 82.8 billion. It represents a large part of the total maximum offer of 100 billion .
Further complicating centralization issues, the Pi Network currently operates with only 43 nodes and 3 validators globally. In contrast, more established blockchains, such as bitcoin, operate with more than 21,000 nodes. Moreover, ethereum has over 6,600 nodes, and solana has about 4,800 nodes. The limited number of nodes and validators means that control over the blockchain is concentrated in the hands of a few entities. Therefore, Pi Network is significantly more centralized than the established competition. This lack of transparency adds another layer of uncertainty.
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🚨🚨🚨The latest data reveals that the Pi Network core team controls approximately 62.8 billion pi tokens in six wallets
According to data from PiScan, the Pi Network core team currently holds the majority of the total supply of Pi coins. While such concentration may be necessary during the early stages of the network’s development, it also raises significant concerns about the future decentralization of the project.
The concentration of Pi token supply in the hands of the core team raises concerns
The latest data reveals that the Pi Network core team controls approximately 62.8 billion pi tokens in six wallets. Additionally, around 20 billion tokens are held in roughly 10,000 unlisted wallets belonging to the team. This brings the total supply held by these entities to around 82.8 billion. It represents a large part of the total maximum offer of 100 billion .
📢📢📢Further complicating centralization issues, the Pi Network currently operates with only 43 nodes and 3 validators globally. In contrast, more established blockchains, such as bitcoin, operate with more than 21,000 nodes. Moreover, ethereum has over 6,600 nodes, and solana has about 4,800 nodes. The limited number of nodes and validators means that control over the blockchain is concentrated in the hands of a few entities. Therefore, Pi Network is significantly more centralized than the established competition. This lack of transparency adds another layer of uncertainty.
🚨- Analyzing Pi Network source code and data on the blockchain is currently challenging due to incomplete openness - PiScan announced on X.
Meanwhile, Pi Network has also raised concerns about privacy and third-party involvement. In a 2025 privacy policy update, Pi Network disclosed that it uses ChatGPT for its Know Your Customer (KYC) process. This feature was not mentioned in the previous version of the policy.
🚩🚩🚩- We use ChatGPT, as a trusted AI partner, to automate identity verification and enhance security measures. By using our KYC services, users consent to the use of ChatGPT and other AI providers that may be implemented later, as part of our KYC process - the document states.
The introduction of artificial intelligence into the KYC process brings a new layer of complexity to the way user data is shared and processed. These concerns add to a growing list of issues surrounding Pi Network. The community has previously highlighted technical difficulties during the migration to mainnet. In addition, many users, frustrated by the long lock-up period and limited immediate access to their tokens, are trying to sell their accounts.
🚨🚨🚨This dissatisfaction has resulted in a sharp decline in the popularity of the Pi Network. According to Google Trends, search interest for ‘Pi Network’ has dropped significantly since the mainnet launch on February 20th. On the day of the launch, search interest was 100, indicating a peak in public attention and excitement around the event. However, this figure has fallen to just 12 at the time of this report, reflecting the sharp decline in interest.
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📢Pi Network currently operates with only 43 nodes and 3 validators. 🚨🚨🚨 Even after 6 years, the Pi network has not managed to make a serious shift in its decentralization and transparency. And that people write complete nonsense like Pi adoption on Binance or some other big crypto exchange. It is not at all clear to me why there is so much hype about something that will end like 99% of "promising projects"
#Write2Earn
#PiSupplyMystery
