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😵 *Why is PI still sitting at a 7B FDV?!*
A lot of traders are asking the same thing… here's what's really going on 👇

🧩 *FDV (Fully Diluted Valuation)* represents the total value *if* all tokens were in circulation. In PI's case, most aren’t — they're still locked or untradeable for many.

🫥 *The reality:*
- Most holders can’t even sell their PI tokens 😶
- There's *no major exchange listing*
- Huge supply is yet to be unlocked
- Valuation is based on extremely low liquidity pricing (price times total supply) 💥

👻 *Who's holding it?*
- Early adopters mining from the app
- Some speculative investors
- Possibly insiders and the dev team holding majority supply 🤫

📉 *Prediction warning:*
Until there's actual *liquidity*, *transparency*, and *open trading*, this7B FDV is just inflated hype. Many are calling it a “phantom market cap” — looks big, but no one’s buying or selling freely.

🚨 Don’t be fooled by the shiny numbers — always DYOR.

$PEPE

$DOGE

$SHIB

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