Pi Coin Centralization Raises Serious Questions About the Future
According to PISCAN, the core team of the PI network currently holds a majority of the total PI Coin (PI) supply.
Although this concentration may be required in the early stages of network development, it also raises significant concerns about the future decentralization of the project.
PI coin supply concentration: core teams control spark concerns
Latest data show PI Network’s core team control There are about 62.8 billion PI coins in six wallets. In addition, around 20 billion pi Located in about 10,000 unlisted wallets belonging to the team.
This brings Total supply held by these entities To about 82.8 billion pi. It represents the majority of the total supply.
Further complicate the centralization problem, the PI network is currently running The only one 43 nodes and three validators worldwide. In sharp contrast, more established layer 1 networks, such as Bitcoin (BTC),and 21,000 node. and, Ethereum (ETH) have More than 6,600, and Solana (Sol) There are about 4,800 nodes.
The limited number of nodes and validators means that control of the network is concentrated in the hands of a few entities. This therefore makes the network more centralized than its more certain peers.
That’s not all. this Lack of transparency Add another layer of uncertainty.
“Analyzing the source code and on-chain data of the PI network is currently challenging due to its incomplete openness,” Piscan Posted On X.
At the same time, PI Network also raised doubts about privacy and third-party participation. In 2025 Privacy Policy Update, PI Network shows it is using chatgpt Because it understands your customer (KYC) process. This function is The previous one Version of the policy.
“We use Chatgpt as a trusted AI partner to automate authentication and enhance authentication Safety measure. By using our KYC services, users agree to the use of CHATGPT and other AI providers that can be implemented later as part of our KYC process.” document nation.
The introduction of artificial intelligence (AI) into the KYC process brings new complexity to the way user data is shared and processed.
These issues add to the growing number of problems surrounding PI networks. The community used to have Highlight technical difficulties during mainnet migration. Additionally, many users are frustrated by the long-term lockdown period, immediately limited Tokens to access themhave Always trying to sell their accounts.
This dissatisfaction leads to The popularity of PI networks. According to Google Trends, search interest in “PI Network” has dropped significantly since the mainstream release on February 20.
On the launch day, the search interest was 100, indicating that the public attention and excitement around the event reached its peak. However, this number fell to only 12 in this report. Reflects a sharp decline in interest.
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