According to Piscan’s data, the Pi Network Nucleus team is currently holding the majority of the total Pi Coin supply. Although such concentration is necessary in the early stages of the development of a network, it leads to significant concerns about the future decentralization of the project.

Pi Network Core team controls Pi Coin supply!

The latest data reveals that Pi Network’s core team controls about 62.8 billion Pi Coins in six wallets. In addition, approximately 10,000 unlit wallets of the team have approximately 20 billion pIs. This increases the total supply of these organizations to approximately 82.8 billion PI. This represents a large part of the total maximum supply of 100 billion.

Pi Coin holding of Pi Network team. Source: Piscan

Pi Network, which makes centralization problems even more complex, is currently working with only 43 modes and three confirmants around the world. On the contrary, more rooted layer-1 networks, such as Bitcoin (BTC), work with more than 21,000 Node. In addition, Ethereum (ETH) has over 6,600 and solana (left) about 4,800 NODE.

The limited number of node and the verifier means that the control of the network is collected in the hands of several organizations. Therefore, this makes the network much more central than its established similar ones.

There are other sources of concern!

Not all that much. This lack of transparency adds another layer of uncertainty. In the X, it is difficult to analyze the Pi Network’s source code and on-achin data at X in X.

Meanwhile, Pi Network also aroused doubts about Privacy and the participation of third parties. In the 2025 Privacy Policy update, Pi Network announced that it uses chatgpt for the process of recognizing your customer (KYC). This feature was not specified in the previous version of the policy.

The inclusion of artificial intelligence (AI) in the KYC process brings a new layer of complexity about how user data is shared and processed. These concerns are added to the list of problems surrounding and growing Pi Network. The community previously emphasized technical difficulties during the Mainnet transition. In addition, many users who are disappointed due to the long locking time and instant access to tokens are trying to sell their accounts.

Interest for “Pi Network”!

This dissatisfaction caused a sharp decline in Pi Network’s popularity. According to Google Trends, the search interest for Pi Pi Network için since the Main-Net launch on February 20 has declined significantly. As you followed from Kriptokoin.com, on the launch day, the search for the search reached 100 and showed that the interest and excitement of the event reached the summit. However, this figure fell to 12 during the article. This reflects the sharp decline in interest.