Pi Network’s Centralization Concerns Echo Terra Luna’s Collapse

The cryptocurrency community is once again on high alert, this time turning its attention to Pi Network, a project that captivated millions with its mobile mining model. Recent concerns over centralization, transparency, and questionable practices have led some analysts to draw parallels to Terra Luna’s infamous downfall in 2022. 89% of the 100 billion tokens currently controlled by the project’s core development team, has sparked fears that Pi Network may be on a ticking time bomb.