While the broader crypto market is booming and Bitcoin is soaring past $93,000, Pi Network hasn’t quite kept up. In fact, Pi’s price has dropped nearly 80% since its peak in February, falling behind as the market recovers. But even with its recent struggles, the two people behind Pi Network might already be billionaires—at least on paper.
Recent data shows that Pi Network has a total supply of 100 billion PI tokens. Out of this, 65 billion tokens were set aside for the millions of community members who joined as “pioneers.” But here’s where it gets interesting—20 billion tokens were allocated to the core team, which includes the two founders: Nicolas Kokkalis and Chengdiao Fan.
At today’s fully diluted valuation (FDV) of $66 billion, that core team stash is worth about $13.2 billion. If Kokkalis and Fan split that equally, each of them would be holding tokens valued at over $6.6 billion.
There’s more. The Pi Network Foundation, which holds another 10 billion tokens, is currently sitting on $6.6 billion worth of PI. While it’s not publicly confirmed who controls the foundation, it’s not uncommon for founders to have some influence or access to those reserves—possibly adding to their personal wealth.
Interestingly, Pi’s parent company, SocialChain, is reported to have only about 40 employees. That makes it even more likely that Kokkalis and Fan are the main beneficiaries of the core token allocation. There’s also speculation that they may own part of the community’s 65 billion tokens, though nothing has been confirmed.
Still, most of these tokens are locked and can’t be accessed right away. According to blockchain explorer PiScan, the tokens will unlock gradually until May 2028. Every month, about 131 million coins are scheduled to be unlocked—currently worth around $87 million.
So, while Pi Network may not be performing well on the charts, its two co-founders could be sitting on fortunes that most people only dream about. The question now is whether they’ll be able to turn those locked tokens into real, usable wealth as Pi Network’s future unfolds.
