Pi Network Crashes Hard — But Is Its Mysterious Founder Now a Secret Crypto Billionaire?

Updated

April 24, 2025

Gambar Pi Network Crashes Hard — But Is Its Mysterious Founder Now a Secret Crypto Billionaire?

Jakarta, Pintu News – The Pi Network price continues to underperform the overall crypto market, with a nearly 80% drop from its peak in February.

Pi Network’s Pi Coin is lagging behind in the current crypto market recovery, where Bitcoin has broken the $93,000 mark and the total crypto market capitalization is approaching $3 trillion.

Pi Network Founders Become Crypto Billionaires

According to Crypto News (23/4/25), Pi Network’s market capitalization has dropped from $19 billion to $4.62 billion, while its fully diluted valuation (FDV) has plummeted from over $300 billion to $66 billion.

Even so, public data shows that the founders of Pi Network, Nicolas Kokkalis and Chengdiao Fan, have become crypto billionaires.

A report released on Friday revealed that Pi Network’s total max supply stands at 100 billion tokens. Of these, 65 billion have been allocated to millions of community members and “pioneers”.

A total of 20 billion tokens were given to the core team, while the remaining 10 billion were kept by the Pi Network Foundation.

The core team, consisting of Kokkalis and Fan, controls 20 billion of those tokens, which are currently worth around $13.2 billion based on a diluted valuation. If divided equally, their wealth from PI tokens alone amounts to about $6.6 billion.

While it is unclear how many employees there are at SocialChain, Pi Network’s parent company, Pitchbook reports that the company employs around 40 people.

If only Kokkalis and Fan enjoy the core team allocation, each will still have over $1 billion worth of tokens.

Pi Network Foundation Now Holds $6.6 Billion in Tokens

In addition, the Pi Network Foundation also holds an allocation of 10 billion tokens, which are currently worth more than $6.6 billion.

While the organizational structure of these foundations is not publicly announced, it is common for project founders to have control over the funds, potentially adding to their personal wealth.

It is also possible that Kokkalis and Fan own some of the 65 billion tokens distributed to the community.

However, they are currently unable to access most of these funds as they are still in a locked status.

According to PiScan, these tokens will be released gradually until May 2028, with an average opening of about 131.2 million coins per month, which is now worth about $87 million.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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