Pi Network Faces Risk of Collapse
Pi Network is being scrutinized due to new warnings. Analyst Szymanski has sounded the alarm about the highly centralized structure and lack of transparency of Pi Network, which could lead to a catastrophic collapse.
High Concentration
A shocking statistic has been revealed: out of the total 100 billion Pi Tokens, up to 89 billion are still in the hands of the core team. This means 89% of the supply is controlled by a single entity. If the Pi Core Team sells a large portion, the value of Pi could collapse overnight.
Lack of Transparency
Moreover, Szymanski has pointed out other vulnerabilities: pre-created supply, no independent audit, and not listed on major platforms like Binance or Coinbase due to its ambiguous structure.
Path to Recovery
Despite the criticisms, there is a path to recovery for Pi Network if they publicly disclose their roadmap, open up to independent audits, and prove their legitimacy. Szymanski warns investors to "DYOR" and proceed cautiously.
Pi Network is at a crossroads. Whether the team has the ability to overcome challenges and regain community trust remains a big question.
