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Crypto expert Dr Altcoin has alleged that Pi Network is facing a supply crisis tied to a wave of token unlocks scheduled for the second half of 2026.
According to the post, pioneers who locked their Pi for three years are now seeing large amounts of that supply released. Roughly 775.8 million Pi tokens are set to unlock between now and December 2026. That works out to an average of 129.3 million Pi tokens unlocked each month now. Dr Altcoin argued that a significant portion of this unlocked supply is likely to reach exchanges, adding further selling pressure to the market.
Calls for the Pi Core Team to respond
The post argued that no single announcement, ecosystem update, or exchange listing would be enough to stabilize price without the Pi Core Team directly addressing supply, demand, and liquidity concerns. It called for the team to publicly acknowledge the situation and discuss potential solutions with the community, framing continued silence as a failure of leadership.
Proposed steps, according to the post
Dr Altcoin outlined several measures that could be considered if the Core Team continues its current communication approach:
- Burning a substantial portion of remaining supply, potentially as much as 50%, drawing a comparison to Stellar’s historical token burn.
- Allowing major exchanges, including Binance and Coinbase, to list Pi.
- Introducing a transparent and verifiable buyback-and-burn mechanism.
Price risk raised in the post
The post also warned that if Pi falls below $0.01, it could lose its position among the top 100 cryptocurrencies by market cap, and that a sustained price decline could pressure the project financially, potentially forcing spending cuts or restructuring.
Community reaction
Replies to the post were mixed. Some users voiced support for the criticism, while others questioned Dr Altcoin’s own past promotional activity around Pi. Several replies echoed concerns about token distribution, with some users arguing that a small number of wallets, including the Core Team’s own holdings, control a disproportionate share of total supply.
The Pi Core Team has not publicly responded to these specific allegations as of now. These claims reflect one crypto expert’s analysis and have not been independently verified.