370 million PI tokens are noted on stock exchanges-but customers have no access
- 370 million PI tokens are currently on stock exchanges, but most potential customers have no access.
- KYC delays and increasing stock exchange activities give rise to consideration regarding transparency.
Pi Network has continuously expanded its functions and presented some of the highlights during the recent Pi2day. From the announcement of no-code tools for KI in the PI App Studio to additional staking support for the DAPPs, the network aims to create a full in-app ecosystem.
More than 500,000 new users have been added to the Mainset after improvements to the backend, and the addition of Fiat-Onramp support and .pi domain sales continues to simplify onboarding for end users and developers.
However, while the infrastructure changes, a critical problem remains unresolved. Users are increasingly reporting that due to the outstanding KYC exams or technical errors, they no longer receive tokens that they have.
Despite these restrictions, the PI tokens’ credit on the stock exchanges rose at high speed, from 244 million in March to over 370 million in July. After Count of Moon Jeff This means an increase of 8 million PI tokens in just two days, which is due to strong sales due to the increasing deposits.
$PI new ATH. .
The selling pressure continues to increase.
370million $PI in exchanges. .
An increase of 8 Million $PI in 2 days.
The selling pressure is mainly from increasing deposits.#PiNetwork pic.twitter.com/El6xDIqqrn— MOON JEFF
(@CRYPTOAD00) July 6, 2025
PI investors have to wait-but selected dealers have free access
A growing gap between the owners of Pi-token and the active dealers ensures controversy. Several users are stuck in long KYC guards and cannot transmit or use their PI, even though they have been trying for months.
At the same time, a smaller group seems to transfer token without restrictions on platforms such as Bitget, where real Mainnet PI is traded. Big websites such as Binance and Coinbase Pi will not have listed until July 2025.
This leads to what many interpret as a two-class system. The PI network pretends to be inclusive, but there is discomfort about its transparency. In March 2025, the overall offer was 6.77 billion, but only 1.67 billion was unlocked.
About 75 % of the offer are under lock and key. Dr. Altcoin has this as one of the threats for centralization named. In view of the 370 million PI, which are now in possession of the stock exchanges, the question is asked who these tokens belong and whether this is conflicting with the values of the network.
Pi Supply Update:
Circulating: 6.77B Pi
Locked (in smart contract): 5.11B Pi
CEX BALANCE: 244.67m piOver 75% of Pi is locked! @Kalis@Chengdiao @PiCoreTeam pic.twitter.com/eWs1Dy2CQA
— Dr Altcoin (@Dr_Picoin) March 2, 2025
Unlocking Timeline offers hope, but delays remain
The unlocked part of the PI token depends directly on the KYC verification and the schedule for activation, which is based on the mining history of the individual user. After successfully completing the KYC and the transition to the Mainnet, most users only receive part of the tokens immediately.
The remaining tokens are unlocked over several months, which leads to frustration for users, especially since the stock market reserves are inflated, while the individual wallets are largely emptied.
From July to December 2025 mustOver 875 million PI tokens are unlocked, of which 269 million alone this month . The next 432.3 million PI tokens must be activated by the end of 2027.
Despite the goal of ensuring long -term fairness and liquidity through this slow release, remainThe persistent access problems And the confusion about the exchange flows is an important concern of the community.
No Comments