Pi Network is under scrutiny as more red flags come to light. In a viral thread that’s lighting up the crypto community, analyst Szymanski has sounded the alarm on Pi Network, warning that its highly centralized structure and lack of transparency could lead to a catastrophic crash.
Szymanski reveals a shocking statistic: out of the 100 billion Pi tokens that will ever exist, 89 billion are still in the hands of the Pi Core Team. With only 7.1 billion currently in circulation and a total supply of 11 billion, this means a staggering 89% of the supply is controlled by a single entity.
That level of centralization raises serious red flags. If the team were to offload a large portion of their holdings—intentionally or due to internal conflict—the price of Pi could crash overnight, similar to the historic Terra Luna meltdown.
Szymanski warned that if the Pi team suddenly sold off their massive holdings, it could send the price crashing—just like what happened with Terra Luna. He also pointed out that with so much power in one place, even a hack or one bad actor could wreck the entire project.
Szymanski didn’t stop there. He highlighted multiple structural flaws:
Despite the criticism, Szymanski offers a potential way forward. He suggests that Pi Network could still redeem itself by publishing a transparent roadmap, opening up to third-party audits, and proving its legitimacy.
Until then, he warns investors to “DYOR” (Do Your Own Research) and approach Pi with caution, labeling it one of the riskiest bets in crypto today.
With billions of tokens under tight control, no public audits, and limited exchange support, Pi Network stands at a crossroads. Will the team step up and earn the community’s trust—or will Pi implode under its own weight?
While Binance and Coinbase have teased a potential Pi Coin listing, no official confirmation has been given, causing uncertainty among investors.
Pi Network faces criticism for centralization, lack of audits, pre-minted tokens, and absence from major crypto exchanges.
As of May 16, 2025, Pi Network (PI) is priced at approximately ₹73.88 in India.
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