觀點詳情

$PI Pi Network’s Circulating Supply: A Misleading Figure? When analyzing Pi Network’s blockchain data, the circulating supply is shown as: • Locked mining rewards: 5.066B PI (Unavailable for trading) • Unlocked mining rewards: 1.697B PI (Available for trading) • Total announced circulating supply: 6.763B PI However, in traditional crypto markets, circulating supply refers only to tokens that are actively available for trading. By this definition, the real circulating supply should be 1.697B PI, not 6.763B PI. Pi Network includes locked tokens in its supply count, which inflates the number and may mislead investors. Since locked tokens cannot be sold yet, they don’t impact price until they are unlocked. In reality, the market dynamics are driven by the 1.697B unlocked PI, not the full 6.763B. Understanding this difference is key to evaluating Pi’s real market value and supply-demand balance.