Pi Network Faces Terra-Luna Crash Risks: Analysts Warn of Centralization Red Flags
Decentralization in name only? Pi Network—the mobile-mined crypto project—is drawing scrutiny as analysts spot troubling parallels to Terra’s collapse. ’Their tokenomics reek of centralized control,’ warns one trader, pointing to undisclosed node operators and supply mechanics.
Market watchers note Pi’s 35M+ ’engaged users’ still lack open-market trading, with withdrawals gated by a mysterious ’mainnet migration.’ Sound familiar? *Cough* Celsius *cough*.
Proponents argue Pi’s slow rollout prevents volatility, but skeptics fire back: ’This isn’t caution—it’s a liquidity time bomb.’ Meanwhile, the core team holds ~20% of total supply. Because nothing says ’decentralized’ like a founder stash bigger than a VC’s ego.
Pi Network is under scrutiny as more red flags come to light. In a viral thread that’s lighting up the crypto community, analyst Szymanski has sounded the alarm on Pi Network, warning that its highly centralized structure and lack of transparency could lead to a catastrophic crash.
PI NETWORK: The Truth They DON’T Want You to Know!
Don’t take this the wrong way. Just read on..
Pi Network’s got some serious secrets, and we’re spilling ALL the tea. Could this be the next crypto crash waiting to happen? Let’s dive in!
The Numbers Don’t Lie: 89… pic.twitter.com/6catrQyvbo
89% of Pi Coins Held by the Core Team: A Ticking Time Bomb?
Szymanski reveals a shocking statistic:. With only 7.1 billion currently in circulation and a total supply of 11 billion, this means a staggering.
That level of centralization raises serious red flags. If the team were to offload a large portion of their holdings—intentionally or due to internal conflict—the, similar to the historic Terra Luna meltdown.
Szymanski warned that if the Pi team suddenly sold off their massive holdings, it could send the price crashing—just like what happened with Terra Luna. He also pointed out that with so much power in one place, even a hack or one bad actor could wreck the entire project.
No Mining, No Audits, No Major Listings
Szymanski didn’t stop there. He highlighted multiple structural flaws:
- Pre-Minted Supply: Unlike Bitcoin, all Pi tokens are pre-minted and stored in a centralized wallet.
- No Audits: The project has never been independently audited, fueling mistrust.
- Exchange Snub: Major platforms like Binance and Coinbase have steered clear of listing Pi due to its opaque and centralized setup.
Can Pi Network Still Recover?
Despite the criticism, Szymanski offers a potential way forward. He suggests that PI Network could still, and proving its legitimacy.
Until then, he warns investors toand approach Pi with caution, labeling it one of the.
Is Pi Network Collapse Waiting to Happen?
With billions of tokens under tight control, no public audits, and limited exchange support,. Will the team step up and earn the community’s trust—or will Pi implode under its own weight?
