Pi Network's Core Team Controls Major Share of Pi Coin, Raising Decentralization Concerns

New data from PiScan has revealed that the core team of the Pi Network currently holds a significant portion of the total Pi Coin (PI) supply, sparking worries about the project's future decentralization.

The latest statistics show that the core team is in possession of approximately 62.8 billion Pi Coins spread across six wallets. Additionally, an additional 20 billion PI is held in approximately 10,000 unlisted wallets owned by the team, bringing the combined total to around 82.8 billion PI. This constitutes a substantial portion of the maximum supply of 100 billion PI.

Adding to the centralization debate, Pi Network is currently supported by only 43 nodes and three validators globally, a stark contrast to more established networks like Bitcoin, Ethereum, and Solana which operate with significantly higher numbers of nodes. The limited number of nodes and validators means that control over the network is concentrated within a few entities, leading to a more centralized ecosystem compared to industry counterparts.

Furthermore, concerns regarding transparency have been raised due to the lack of accessibility to Pi Network's source code and on-chain data, spelling uncertainty for users. Moreover, the network's use of ChatGPT in the KYC process, as revealed in the 2025 privacy policy update, has introduced a new level of complexity to user data processing, triggering privacy and third-party involvement apprehensions.

These issues contribute to a broader array of challenges surrounding Pi Network, with the community previously encountering difficulties during the mainnet migration and expressing frustration over extended lockup periods and restricted token access, leading some to attempt selling their accounts. The diminishing popularity of Pi Network, evidenced by a significant decline in search interest since the mainnet launch on February 20, indicates a waning public enthusiasm and attention toward the project.