Pi coin value plummeted approximately 80% from its launch in February, with founders maintaining a staggering $13 billion worth of tokens.
The Pi coin, following its mainnet launch in February, has been a hot topic. However, with the hype subsiding, so did the Pi price, plummeting nearly 80% from its February all-time high. This decline has amplified concerns within the community about the lack of decentralization and the centralized control of remaining tokens.
Who Really Controls the Majority of Pi Holdings Today?It's been reported that almost 20 billion Pi tokens remain in the hands of the Pi core team, including its founders, Kokkalis and Fan. This hefty stash is worth approximately $13.2 billion as of now. It's unclear if any other team members besides Kokkalis and Fan will benefit from this allocation. Additionally, the Pi Network Foundation controls another 10 billion Pi coins. While the foundation's structure has yet to be clarified, it's plausible that the Pi founders exert control over these holdings as well.
How Much Pi Will Be Unlocked Monthly Until 2028?Kokkalis and Fan could also be holding Pi coins from the 65 billion distributed to the community. However, these funds are locked and will only be accessible on a schedule. Current plans reveal the release of over 131.2 million coins every month until May 2028, equating to approximately $87 million in releases each month. This upcoming token influx has sparked concerns among community members that it might further suppress the price.
Is Pi Network Price Stuck in a Consolidation Phase?Recent market fluctuations have shown that despite the overall rally, Pi continues to consolidate. Currently, the coin is hovering around the $0.65 level and is displaying strong support. After a surge to the $0.75 mark, Pi experienced a sharp decline in value, but the bearish momentum has subsided in the support range of $0.60 and $0.65. This has created an uncertain atmosphere in the market, with neither buyers nor sellers dominating the price action.
Pi/USDT daily chart, published on TradingView, April 24, 2025Analysing the Pi/USDT daily chart, the Relative Strength Index has dipped below the 50 neutral boundary and is currently near the 46 point, suggesting a slightly bearish trend. The RSI is also crossing under the RSI moving average, which is a bearish sign. Additionally, the ADX stands near the 24 score, indicating that the trend is nearing its end, as a score under 25 suggests weak strength.
Is Pi Network Too Centralized to Be Trusted?The Pi network's growth has resulted in a growing fortune for its founders. However, this isn't an unheard-of phenomenon in the crypto world. Many crypto heavyweights have become billionaires due to their tokens. Regardless, the centralized control of Pi reserves remains a significant concern.
- Reportedly, the Pi core team, including founders Kokkalis and Fan, hold nearly 20 billion Pi tokens, worth approximately $13.2 billion.
- The Pi Network Foundation controls another 10 billion Pi coins, and it's plausible that the Pi founders exert control over these holdings as well.
- Current plans reveal the release of over 131.2 million Pi coins every month until May 2028, equating to approximately $87 million in releases each month.
- Despite the overall rally, Pi continues to consolidate and is currently hovering around the $0.65 level.
- The centralized control of Pi reserves remains a significant concern for the Pi network's trustworthiness.
