#PI Pi is a classic example of hype ≠ decentralization.

Over the years, Pi has gone through "mining," referrals, and various promises, but so far, the only group truly benefiting has been the Pi core team. Millions of users have invested time, effort, and KYC data, while the core team has received large token allocations from the beginning, gaining the largest and most asymmetric gains within the ecosystem.

Community members endure endless delays, closed mainnet restrictions, and limited liquidity, while wallets allegedly linked to the core team transfer tokens and may profit from them. Whether you call it "ownership" or "unlocking," the simple fact is: those who hold control benefit first.

Markets have remained closed for years.
There is no transparent on-chain accounting mechanism that the community can independently verify.
It is currently unclear how much PI (Product Index) the core team has cashed out.

However, amid increasing inflation, selling pressure, and centralization risks, users are told to "be patient."

If a project's success depends on sustained belief rather than measurable utility, fair distribution, and verifiable transparency — this is not a revolution, but a warning signal.

In $PI, the core team wins early.
The community is still waiting.