The PI network is under control while more and more red flags appear. In a viral thread that sheds light on the cryptographic community, analyst Szymanski sounded the alarm on the PI network, warning that its highly centralized structure and its lack of transparency could lead to a catastrophic accident.
89% of PI parts held by the basic team: a time bomb?
Szymanski reveals a shocking statistic: Of the 100 billion Pi tokens that will ever exist, 89 billion are still in the hands of the Pi Core team. With only 7.1 billion currently in circulation and a total offer of 11 billion, it means an amazing 89% of the food is controlled by a single entity.
This level of centralization raises serious red flags. If the team was to unload a large part of its assets – intentionally or due to an internal conflict – the The Pi price could crash overnightSimilar to the historic Meltdown of Terra Luna.
Szymanski warned that if the PI team suddenly sold their massive assets, this could send the price crashing – just like what happened with Terra Luna. He also pointed out that with so much power in a single place, even a hacking or a bad actor could destroy the entire project.
No extraction, no audits, no major lists
Szymanski did not stop there. He highlighted several structural defects:
- Pre-frapped supply: Unlike Bitcoin, all Pi tokens are pre-facted and stored in a centralized wallet.
- No audits: The project has never been verified independently, fueling distrust.
- Exchange: The main platforms like Binance and Coinbase have avoided the PI list because of its opaque and centralized configuration.
- Read also:
- Pi Network News: Did Pi Coin reach $ 2.50 in the coming months?
- ,,
Can the PI network still recover?
Despite criticism, Szymanski offers a potential path to follow. He suggests that the PI network could still Redemption itself by publishing a transparent roadmap, opening to third-party auditsand prove its legitimacy.
Until then, he warns investors of “Dyor” (do your own research) and approach it with caution, label it one of the Most risky Paris in the crypto today.
Does the collapse of the Pi network expect to occur?
With billions of tent control tokens, no public audits and limited exchange support, Network pi stands at a crossroads. Will the team intensify and win the confidence of the community-or will it implose under its own weight?
Never miss a beat in the world of cryptography!
Stay in advance with the news, expert analysis and real -time updates on the latest Bitcoin, Altcoins, DEFI, NFTS, etc. trends
