Pi Coin has had a rough week, down over 75% from its peak. After the Consensus hype, the coin is now sitting around $0.70. Amid growing investor frustration, a new twist has emerged around Pi Network’s founder. Analyst Mr Spock recently shared a speculation, leaving everyone confused.
Could Nikolas Kokkalis actually be Satoshi Nakamoto? Although it sounds wild, there are some reasons that he cited to back this speculation. Let’s find out what made him say that.
Satoshi Nakamoto is the pseudonymous creator of Bitcoin, the world’s first decentralised cryptocurrency. He contributed to Bitcoin’s code and development until 2010, before he disappeared from the public. His identity still remains a mystery.
Following the Clues: Kraken, Coinbase, and the Satoshi Connection
Pi Network co-founder Kokkalis follows only a handful of exchanges on X—Coinbase, Kraken, and OKX. Kraken is associated with the last known transaction linked to Satoshi Nakamoto, one of the very exchanges that Nicholas follows. But how does that prove he is Satoshi? Here’s where things get more interesting.
A Coinbase executive also believes that Kraken might hold information about Satoshi’s identity because their research suggests a connection between Satoshi-linked wallets and Cavirtex, a Canadian exchange later acquired by Kraken. This is not a coincidence, but precision, he says.
While the community awaits a Binance listing overseas to boost Pi Network’s visibility, this analyst is thinking even bigger. He believes that once Pi launches on Coinbase, the U.S. could become a major driver of Pi’s real-world value.
In response to the post, one of the users imagined a wild scenario and wrote that, if Pi Network’s founder is Satoshi, then when Satoshi sells off their Bitcoin, it could cause problems for governments. And after that, Pi could become the new global currency with early users benefiting the most.