Pi Coin Price Drops 80% Since February Launch as Founders Hold $13B in Tokens

The Pi coin has been attracting much attention since its mainnet’s launch in February. However, as the excitement and hype died down, the Pi price also took a heavy hit. As a result, the value of this token has decreased nearly 80% since February’s all-time high. Added to this decline is the community’s worries about the lack of decentralization and the centralization of the remaining tokens. Currently, the developers of the Pi project hold some of the remaining tokens, which could make them billionaires. The community sentiment has worsened as the Pi token price underperformed in the recent rally. 

Who Really Controls the Majority of Pi Holdings Today?

Based on a recent report, there are nearly 100 billion Pi tokens in the maximum supply. From this supply, only 65 billion Pi coins have been distributed to the community members and the Pioneers. From these remaining tokens, nearly 10 billion is allocated to the Pi Network Foundation and its operations. Almost 20 billion tokens are also in the control of the Pi core team, including the Pi network’s founders, Kokkalis and Fan. The twenty billion tokens are estimated to be worth almost $13.2 billion as of now. 

With the current holding of the Pi team being $13.2 billion, we can see that they are billionaires. Each now has $6.6 billion just from the Pi holdings. The parent company of the Pi network, SocialChain, reportedly has 40 employees. However, it has not been reported that any team member other than Kokkalis and Fan will benefit from the 20 billion allocation. As mentioned before, the Pi Network Foundation also holds 10 billion Pi coins. This amount, with the current Pi price, stands at around $6.6 billion. This foundation’s structure has not been clarified, but the Pi founders likely control this sector’s holdings as well. 

How Much Pi Will Be Unlocked Monthly Until 2028?

Kokkalis and Fan could also have their stockpile of Pi coins from the 65 billion distributed to the users. These community funds can not be accessed, however, as they are locked and will be unlocked based on the schedule. The current unlock plan is to release more than 131.2 million coins every month until May of 2028. Based on the current Pi price, this amount equals approximately $87 million of monthly releases. These token releases have created some worries for community members, who think it will further push the price down. 

Is Pi Network Price Stuck in a Consolidation Phase?

In today’s Pi network price action, we can see that despite the recent market-wide rally, this coin continues to consolidate. The price movement is recorded to be around the $0.65 level and also marks strong support. After the previous price surge to near the $0.75 mark, the Pi token experienced a sharp drop in value. However, the bearish momentum slows in the support range of $0.60 and $0.65. This now led to a period of indecision in the market, with neither buyers nor sellers dominating the price action.

PIUSDT daily chart, published on TradingView, April 24, 2025

As per the PI/USDT daily chart, the Relative Strength Index has gone below the 50 neutral boundary. It is now near the 46 point, which signals a slightly bearish trend. It can also be seen that the RSI is crossing under the RSI moving average, which is a bearish sign. Even in the precious RSI high, sometimes a bearish crossover can be seen, which signals bearish movement. The ADX standing near the 24 score signals that the trend is near its end, as the strength under a 25 score is considered weak. 

Is Pi Network Too Centralized to Be Trusted?

The Pi network is growing fast, and with this growth comes an increase in the net worth of its founders. This, however, is not a new concept in the crypto world, as even the founders who have left their company still receive benefits. Many executives and founders in the crypto market have also become billionaires because of their tokens. Despite these facts, the centralized nature of Pi reserves still presents a worrying problem.