tl;dr
PiScan data reveals that the Pi Network's core team controls a majority of the total Pi Coin supply, raising concerns about decentralization. The team holds approximately 82.8 billion Pi Coins, a significant portion of the 100 billion maximum supply. With only 43 nodes and three validators globally,...
PiScan data reveals that the Pi Network's core team controls a majority of the total Pi Coin supply, raising concerns about decentralization. The team holds approximately 82.8 billion Pi Coins, a significant portion of the 100 billion maximum supply. With only 43 nodes and three validators globally, the network is more centralized compared to established counterparts like Bitcoin and Ethereum.
The limited number of nodes and validators means that control of the network is concentrated in the hands of a few entities, making the network much more centralized than its more established counterparts. Transparency issues and privacy concerns, including the use of AI for identity verification, further compound worries.
Technical difficulties during the mainnet migration and dissatisfaction among users have led to a decline in Pi Network's popularity, as indicated by a sharp drop in search interest since the mainnet launch.
The latest data reveals that the Pi Network’s core team controls approximately 62.8 billion Pi Coins across six wallets. Additionally, around 20 billion PI sits in roughly 10,000 unlisted wallets that belong to the team. This brings the total supply held by these entities to about 82.8 billion PI, representing a major chunk of the total maximum supply of 100 billion.
Pi Network has also raised doubts regarding privacy and third-party involvement. In the 2025 privacy policy update, Pi Network revealed that it uses ChatGPT for its Know Your Customer (KYC) process, adding a new layer of complexity to how 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 mainnet migration. In addition, many users, frustrated by the long lockup period and limited immediate access to their tokens, have been trying to sell their accounts, resulting in a sharp decline in Pi Network’s popularity.
According to Google Trends, the search interest for “Pi Network” has dropped significantly since the mainnet launch on February 20. On launch day, the search interest was at 100, indicating a peak of public attention and excitement surrounding the event.