Pi Network’s Value: The Hidden Truth Behind its $2.8 Billion Market Cap

Pi Network, a project that has captured the imagination of cryptocurrency enthusiasts with its ambitious approach to mining, is shrouded in mystery and debate. While boasting millions of users and a market capitalization exceeding $2.8 billion, there’s more to Pi than meets the eye. The reality is far more complex. Despite being tradable on exchanges like OKX and Bitget, the network’s functionality remains largely restricted. The lack of free trading and tight control by the Core Team has led to a limited supply circulating in a highly controlled environment. This has resulted in inflated market capitalization based on the hope of unlocking greater liquidity.