Pi Network Founders’ Billionaire Status Amid PI Coin’s 80% Decline

PI Coin has fallen nearly 80% from its February highs while the broader cryptocurrency market recovered, boosting Bitcoin above $93,000 and the market cap to nearly $3 trillion. The Pi Network’s market cap tumbled from $19 billion to $4.62 billion, and its fully diluted valuation dropped from over $300 billion to $66 billion. Despite this underperformance, publicly available data suggests that Pi Network founders Nicolas Kokkalis and Chengdiao Fan have become crypto billionaires through substantial token allocations. The core team controls 20 billion tokens, valued at $13.2 billion, which, if split equally, would give each founder over $1 billion, while an additional 10 billion tokens are held by the Pi Network Foundation. Moreover, most tokens remain locked and will gradually be unlocked until May 2028 with an average monthly release of 131.2 million coins. Investors are watching these dynamics closely amid concerns over potential selling pressure once tokens begin to circulate more freely.