Pi Network Faces Backlash Over Murky Tokenomics as Community Demands Clarity

Another day, another crypto project dodging accountability—Pi Network users revolt over opaque supply mechanics.

Mining app turned 'crypto pioneer' suddenly remembers transparency is hard when real money's involved.

Bonus jab: At least Wall Street waits until after the IPO to rug-pull investors.

• Many Pi Network users have used social media to express their worries over their tokens that are still not showing up in their wallets even after completing KYC and moving to mainnet. 
• Users have also called on the network to provide full transparency of the movement of funds, especially after Pi Network Foundation 2 was found holding 276.5 million Pi coins. 

Pi Network is currently facing criticism as many users have raised concerns about missing tokens and the network’s lack of clarity. Many community members are demanding clear answers and action from the team, claiming they’ve waited too long without seeing their expected token balances. 

The whole situation has created a lot of attention across social media, with many users urging the project to be more transparent and responsive. 

Pi users have shared their anger online and called out Pi Network after noticing that their wallets were still not showing any Pi tokens even after finishing KYC and moving to the mainnet as they were asked to do. Many posts mention the same problem: missing balances despite following all steps.

Some also noticed more than one wallet linked to their account, making things even more unclear and raising worries about how SAFE and dependable the system really is. Although the team recently gave new tips on wallet safety, people are still concerned about their token not showing up after doing all the necessary steps.

Other Growing Concerns About Pi Network Transparency 

Another issue that has raised concerns about the Pi Project is the recent transfer of about 276 million Pi coins by the Pi Foundation wallet. Dr. Altcoin pointed out a wallet ending in “ODM,” which is said to belong to Pi Network Foundation 2 and now holds 276.5 million Pi coins. The Pi Core Team has not explained the purpose of this wallet. 

Dr. Altcoin, an X analyst, also noted that it’s been three months without any updates and urged the team to be more open. Blockchain data shows that the “ODM” wallet made another big withdrawal of 7.38 million Pi coins today. According to community member MOON JEFF, the wallet has been withdrawing large amounts weekly from the OKX exchange.

A wallet account was created three months ago by "Pi Foundation 2 Wallet," and it currently holds over a quarter of a billion Pi coins—yet no one knows who owns it or its intended purpose.

Its already been three months and the Pi CORE Team must be transparent about this wallet… pic.twitter.com/km5P4wbBpu

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