The Pi Network Just Dropped a Bomb on the Crypto Community by Burning a Huge Chunk of Its Total Supply

The total supply of Pi coins has dropped drastically, leaving only 6.99 billion coins in circulation.

The Pi Network has sent shockwaves through the crypto community with some surprising news—the total supply of Pi coins has dropped drastically, leaving only 6.99 billion coins in circulation. Everyone is talking about it, but is there really a huge coin burn happening? Or is it just business as usual for Pi? Let’s break it down!

Is There a Coin Burn or Not?

The excitement is palpable, but here’s the scoop—there’s no official announcement from the Pi Core Team confirming a major coin burn event. However, the reduced supply could be due to a couple of important factors:

1. Transaction Fees Being Burned: Pi uses the Stellar blockchain, which automatically burns a small portion of transaction fees. This has been ongoing ever since Pi’s mainnet launched, and over time, it’s gradually reduced the total number of coins.

2. Unverified KYC Accounts: If accounts missed the Know-Your-Customer (KYC) verification deadline—like those who didn’t complete KYC by the December 30, 2024, grace period—their Pi coins could have been burned, further shrinking the supply of coins.

The Burn Hype – Real or Overhyped?

Social media is abuzz with claims of a massive burn event, and while it’s thrilling, the reality is a bit more nuanced. The drop in supply is likely a natural occurrence due to ongoing processes, like transaction fee burns and the removal of coins from unverified accounts, rather than a dramatic, one-time burn.

So while the idea of a huge burn is exciting, it might not be as groundbreaking as some people are thinking.

Will This Push Pi’s Price Higher?

With fewer coins in circulation, there’s speculation that the price of Pi might surge. After all, people love the idea of a limited supply, and it often drives up demand. But while a reduced supply can have an impact, it’s not certain that it will lead to a major price jump.

This could just be a natural result of how the Pi Network operates, rather than a game-changing event.

The excitement around Pi is heating up, and we’re all waiting to see what happens next.