Pi Token Crashes, But Founders May Be Crypto Billionaires
The price of the Pi Network token has likewise plummeted, falling nearly 80% from its peak in February. Its co-founders, Chengdiao Fan and Nicolas Kokkalis, are still paper billionaires despite the downturn.
While giants like Bitcoin are hitting new highs, recently soaring past $93,000, Pi hasn’t kept up. It seems stuck, even as the rest of the crypto world moves forward.
Yet, in the middle of this drop, something surprising stands out: the Pi Network’s two co-founders, Nicolas Kokkalis and Chengdiao Fan, are still billionaires, at least on paper. Thanks to their early allocation of Pi tokens, they hold massive amounts of digital wealth, despite the token’s falling price.
Pi’s market value has shrunk from $19 billion to just $4.48…
