Pi Network Holders Breakdown: How Many Pioneers Actually Hold Over 10 Million PI?

The controversial cryptocurrency project continues to draw attention across the industry after releasing key features and unveiling big upgrades.

Its native token, PI, is also very popular, boasting a multi-million-strong holder base. However, only a small fraction of users own more than 10 million coins. Below is a detailed breakdown of each holder group.

How Many Whales?

The X account BSCN revealed that only 21 accounts hold over 10 million PI each. The next group of investors (those holding between 1 million and 10 million tokens) comprises 9,961 users, while 766 own between 100,000 and 1 million tokens.

Further down the distribution, 353,340 wallets hold between 1,000 and 10,000 PI, and another 1,503,374 accounts sit in the 100 to 1,000 PI bracket. The largest cohort by far consists of small holders: around 80% of all Pioneers (more than 14.5 million users) possess fewer than 10 coins each.

The post on X ignited a heated debate, drawing numerous people who began dissecting the data. Some claimed that the whales couldn’t have mined such an enormous amount of tokens, arguing that they had bought them on exchanges.

Others noted that the overwhelming majority of Pioneers hold extremely small balances, making it difficult for them to contribute to the ecosystem via staking or other utility-driven features.

PI Price Outlook

Unfortunately for the multi-million-holder base, Pi Network’s native token has been suffering lately. Earlier this week, it dropped to a new all-time low of around $0.09, representing a 20% plunge on a monthly scale and a 97% collapse since the all-time high of $3 witnessed at the start of 2025.

Its free fall comes despite the numerous updates introduced by the Core Team. Recall that on Pi2Day (June 28), the developers launched SoloHost, Pi Sign-in, and PiVerify – tools designed to expand the ecosystem beyond native apps and into AI, digital identity, and third-party services.

Earlier this month, Pi Network announced that Pi App Studio released two updates to help creators “build more engaging and useful” application experiences: backend support that enables users to save and retrieve specific data across sessions and an AI-assisted App Planning Phase where creators can develop their ideas with the help of Artificial Intelligence.

Meanwhile, the rising number of tokens held on crypto exchanges and upcoming unlocks (over 127.5 million PI are scheduled for release in the next 30 days) suggest the price could experience a further short-term pullback.