Shocking Twist in Pi Network: 370 Million Tokens Hit Exchanges While Users Remain Locked Out!

Jakarta, Pintu News – Pi Network is growing. Its team is developing new tools, refining the migration process, and starting to promote the progress of the ecosystem.

But underneath it all, a big problem is starting to attract attention. More than 370 million Pi tokens are now on the exchange, while most users still don’t have access to their own tokens.

This is a serious problem. If the majority of users are still waiting for technical fixes and KYC approval, then who exactly is trading these tokens?

Why Pi Token Access Feels Unfair

To move Pi tokens to the mainnet, users must first pass KYC(Know Your Customer). After that, they can begin the migration process-but even if successful, only a small portion of Pi tokens will be unlocked. The rest remain locked in a vesting schedule, depending on how active the user is.

Read also: Pi Coin Skyrockets 9% After Major Pi App Studio Breakthrough – Is This Just the Beginning?

For many people, this process feels frustrating. Technical issues like 2FA errors and missing balances only made the situation worse. Some users were even stuck in line for months.

Meanwhile, token balances on exchanges jumped from 244 million in March to more than 370 million in July. This means that more and more tokens are appearing on the public market-even though regular users still can’t access the tokens they’ve mined.

This creates what many refer to as a two-tier system:

• One group can trade freely.
• The majority of users are still waiting for access to the Pi they are mining.

This lack of clarity about where the tokens residing on exchanges come from raises questions about transparency and control.

Ecosystem Progress Continues, but Access Lags Behind

Pi Network recently celebrated the Pi2Day event by highlighting some important updates:

• Launch of Pi App Studio that allows users to build AI applications without writing code
• New staking feature that lets users support Pi apps they find useful
• Backend upgrades that helped over 500,000 users migrate to mainnet
• Fiat on-ramp facility to facilitate Pi purchase and expansion of .pi domain sales

This update shows that Pi continues to progress. However, despite developers building and new applications emerging, most users are still unable to use their tokens outside of the Pi ecosystem itself.

Read also: PEPE Coin Price Breaks Wedge Pattern, Ready to Jump 50%? Here’s the Chart Prediction!

Trust Issues Now in the Spotlight

Pi Network states that it wants to build a fair and open ecosystem. But with over 5.1 billion Pi still locked, and more and more tokens moving to exchanges, users are starting to ask: is it really as decentralized as promised?

As token reserves on exchanges rise and access remains limited, frustration within the community grows. The next big test for the network will be to restore trust and give users access to what they have earned.

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Reference:

• Coinpedia. Who’s Selling Pi? 370M Pi Tokens Hit Exchanges as Users Remain Locked Out. Accessed on July 12, 2025