Pi Network balances on platforms like OKX, Bitget, Gate.io, MEXC, and Kraken appeared as “0 Pi.”
Some of these wallets previously held large amounts, including over 250 million Pi on Gate.io and 43 million on MEXC. Even wallets linked to the Pi Foundation seemed empty on certain explorers.
It all started with screenshots. Pi community members began to notice that on-chain data showed Pi Network’s (PI) token balances on several major centralized exchanges had been set to zero.
Even PiScan and other Pi Network trackers temporarily showed zeroed-out balances that had nothing to do with actual coin movement.
Here’s what the numbers looked like across platforms;
Despite this zero showing up on a blockchain explorer, there has been no official statement from the Pi Core Team confirming that funds have disappeared or been removed.
Pi community experts offer a few likely explanations that are being discussed on the X platform.
These are all possibilities, but none are confirmed yet.
Another possible reason for the major development underway is the rollout of Protocol 23. This upgrade, which is expected to bring smart contract features and expand the Pi ecosystem.
Together, these upgrades show a major infrastructure shift for the entire network. Overall, it is predicted that it could be nothing more than a technical display issue that corrects itself in a few days.
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