Pi Network Under Fire: Centralization Concerns Spark Comparisons to Terra Luna’s Downfall
Analyst Szymanski has sparked debate in the crypto community with a viral analysis criticizing Pi Network’s centralized framework. The project now faces growing skepticism as comparisons to Terra Luna’s 2022 collapse surface.
Key concerns include reports that 89% of Pi coins are held by the development team, raising questions about distribution fairness. Unlike Bitcoin’s decentralized model or Ethereum’s progressive decentralization, Pi’s system appears heavily managed by its founders.
Market experts highlight alarming parallels to Terra before its crash: unclear treasury practices, concentrated token holdings, and centralized governance. These weaknesses were catastrophic for algorithmic stablecoins—could they threaten Pi’s mobile mining venture?
