Pi Token Crashes, But Founders May Be Crypto Billionaires

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Pi Network’s Token Falls Off a Cliff, But Hey, The Founders Are Still Living the Dream

Ah, the Pi Network token—once a soaring cryptocurrency rocket, now plummeting like an anchor with a bad attitude. Its price has nosedived nearly 80% since its February peak, and yet, in an absurd twist of cosmic irony, the co-founders, Chengdiao Fan and Nicolas Kokkalis, are still basking in their billionaire status. Well, at least on paper. Because nothing screams “I’m living the high life” like an imaginary fortune, right? 😏

Meanwhile, actual heavy-hitters like Bitcoin are off hitting new highs, flying past the $93,000 mark like it’s nobody’s business. And Pi? Pi seems to be stuck in some kind of digital traffic jam while the rest of the crypto world cruises ahead. You’d think it had some sort of existential crisis. But we digress.

And yet, in the midst of this plummeting disaster (think Wile E. Coyote after a failed rocket experiment), here’s the kicker: despite the token’s disastrous fall, the founders—yes, those very same Nicolas and Chengdiao—are still fabulously rich. Not in a “they’ve been to the moon” kind of way, but in the “look at all these tokens I’ve hoarded” kind of way. It’s like having a vault full of Monopoly money and calling yourself a billionaire. 😎💰

The Pi Network’s market value has plummeted from a lofty $19 billion to a more “realistic” $4.48 billion. Oh, and remember when it could have been worth $300 billion? That was cute. Now it’s just a mere $66 billion. But hey, let’s not focus on the small details.

But, surprisingly, the founders remain totally unbothered. Thanks to their early stash of Pi tokens, they still have more digital riches than the average person can even comprehend—never mind the plummeting prices. It’s the kind of wealth that makes you wonder if they’re playing a long game or just have really good luck in the universe’s casino. 🍀

Oh, and don’t forget the Pi Network Foundation, which holds a cool 10 billion tokens—worth around $6.6 billion, give or take. We assume the founders have a hand in this as well. In any case, they’ve got plenty of token-based wealth to make their yacht purchase seem just a little more… well, believable.

But here’s the kicker: most of these tokens are locked up tighter than your aunt’s vintage collection of porcelain cats. According to the ever-trustworthy PiScan, the tokens will be slowly unleashed, like a slow-drip of chocolate from a broken fountain, with the final release scheduled for May 2028. Around 131 million tokens will be unlocked each month, which, at current prices, would be worth roughly $87 million. So, you know, no big deal. Just $87 million every month for the next few years. 🤑

In summary, while Pi Network’s token has been busy impersonating a falling star, its founders are still very much living the billionaire dream. They just can’t touch the majority of their tokens for a while. So, maybe they’ll have to settle for their yachts in 2028. Who knows? It’s all in the stars, or the blockchain, or however this works. 🚀

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2025-04-23 18:47