ℍ𝕒𝕡ℙ𝕀 𝔹𝕚𝕣𝕥𝕙𝕕𝕒𝕪 - PI Did Not Get What It Wished For📉

2TSj...cEUn

19 Mar 2025

Belated Happy Birthday To All Pi People, 3.14 was supposed to be your BIG day.
This was the gift you gave yourself.

PI on March 14th

I guess you did not get what you wished for, as Binance did not give you your present. Still not listed on Binance, which was the main driver of PI these last couple of weeks.

Binance Listing

The most interesting I found next to not being on Binance and therefore having no mid-term roadmap items to show the project's vitality, were the rumors.

Rumors about the core team, and I decided to do some digging into how many of the 7 Billion tokens currently available would be with the core team.

As of March 10, 2025, estimating the exact number of Pi Network Core Team tokens currently unlocked involves working with the available data, as the Pi Core Team doesn’t provide real-time, definitive figures.

The total maximum supply of Pi tokens is 100 billion, with 20% (20 billion tokens) allocated to the Core Team. These tokens unlock at the same rate as the community-mined tokens, which make up 65% of the supply (65 billion tokens).

The unlock mechanism ties the Core Team’s portion to the community’s mined amount, often denoted as "R." At any point, the total unlocked supply is calculated as R divided by 0.65 (reflecting the community’s 65% share), and the Core Team’s unlocked tokens are 20/65 of R.

Recent updates provide some clues

By December 2024, approximately 562 million PI tokens were unlocked and circulating, according to BeInCrypto.

The Mainnet launched on February 20, 2025, and in March 2025, an additional 188 million tokens were unlocked for 1.1 million users—the largest batch yet.

However, 63% of these are locked for three years and 14% for one year, meaning only 23% (about 43.24 million) are immediately liquid!

Great Expectations??

Lock Ups

Locked till 2027

Bringing the total unlocked supply to roughly 605.24 million tokens (562 million locked + 43.24 million unlocked).

But if the daily trading volume is 400 million, it seems these PI´s move around a lot....
And that circulating supply is 7 Billion, where does that come from?

Oh damn, forgot about the core team....

Uhu...

Using this conservative figure, if 605.24 million represents the total unlocked supply, then R (community-mined tokens) is 605.24 million * 0.65 ≈ 393.41 million.

The Core Team’s share would be (20/65) * 393.41 million ≈ 121.05 million tokens unlocked.
However looking again at that circulating supply we might need to 10X; That is 1 billion tokens are core team, not locked, while all the believers, all the PI People locked 60% or more....

If this higher figure reflects the Mainnet-unlocked total, then R = 7 billion * 0.65 ≈ 4.55 billion, and the Core Team’s unlocked tokens would be (20/65) * 4.55 billion ≈ 1.4 billion.
Hey, my 10X comes close to that 1.4 Billion, and that means the core team is holding this market up....and can let it drop at any time.

Posts on X align with the proportional unlock model but don’t clarify the exact figure, and no official Core Team statement confirms either total as of today.

Without an exact Core Team the best estimate is between 121 million and 1.4 billion tokens, with 121 million being the more conservative, Mainnet-aligned figure.

To keep it simple core team is holding lots of unlocked PI while PI People locked 63% and have a lot of trouble even getting to their tokens.

Unverified due to phone loss

If 63% is locked only 37% is liquid and the core team has 20% liquid, now that sounds super scary to me.

Whoever is holding PI, they are at the mercy of a small centralized group of people if you ask me.

But Pi Peeps are true believers....

Lock Up Yeah Right

Why Lock Ups Allow Pi To Dump Slowly

Rich In 3 Years

Me I see it more like this guy here:
But the PI Folks, they keep buying? I don´t get it don´t you hold enough you got for free?
Oh now I get it, I buy PI to pay at Pihan, because everyone wants Pihan right?
Now I am not a hater, I have seen many coins go down, and Bitcoin recovered every single time...and according to PI People.... PI is better than BTC...so I guess this is a positive:

Going Down

Down even further

At least they keep that awesome #11 ranking which is quite an achievement for a coin you earn by tapping your phone.

OOPS

Damn, I spoke to soon who would have thought that dropping 13 cents would set you back to a #15 ranking?

But there is a bounce there, oh no there is not...

PI Just keeps dumping since it´s Birthday, the mess surrounding the launch of PI-Domains did not help, not listing on Binance did not help, and the KYC period (yes mined PI requires a KYC?) ending did not help either.

Anyway, I am still impressed that PI is holding above $1 to me the lack of liquidity and large core team holdings, in combination with 6 years of development, no clear short-term goals,
and a release in what was thought to be the top of the bull market:

is just one red flag too many.

I guess Binance must have seen that as well...
But still, Happy Belated Birthday PI Peeps!

Previous PI Posts

Disclaimer

My Curiosity Into PI Network is purely professional, I had my doubts since I investigated the Network 5 years ago and now with this Mainnet launch, I just had to follow this journey....
Am I watching a train wreck that is ready to happen, or was I wrong all the time?

That is what I will find out, and share with you all, till now I am mainly surprised. That the Network went live, and that people actually are buying this token....can it get any better, or will this