PI Whales Scoop Up 10M+ Tokens Amid Market Swings
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PI News -
Pi Network, a project that has swung between skepticism and Optimism in recent months, saw its token price rebound to $0.3577—marking a 3.5% weekly gain. Despite ongoing questions about its credibility, on-chain data reveals significant concentration among a small group of investors.
PiScan analytics identified 22 wallets controlling over 10 million PI, collectively valued at $3.5 million. The distribution follows classic power-law dynamics: 84.6% of addresses hold fewer than 10 PI, while the top 0.0001% of whales wield outsized influence. The Pi Foundation maintains ultimate control with 52.2 billion tokens ($18 billion) in its treasury.
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