This is why the founders of Pi Network could become cryptocurrency billionaires.

The price of Pi Network continues to lag behind the crypto market in general, falling nearly 80% from its peak in February. Pi Coin ( PI ) has been left behind in the ongoing crypto recovery, pushing Bitcoin ( BTC ) above $93,000 and raising the total market capitalization of the crypto market to nearly $3 trillion. The market capitalization of Pi has fallen from 19 billion dollars to 4.62 billion dollars, while its fully diluted valuation has decreased from over 300 billion dollars to 66 billion dollars. However, public data shows that the founders of Pi Network, Nicolas Kokkalis and Chengdiao Fan, have become cryptocurrency billionaires. A report released on Friday showed that Pi Network has a maximum supply of 100 billion tokens. Of this, 65 billion have been allocated to millions of “pioneers” and community members.

The core team of Pi Network has been allocated tokens worth 13.2 billion dollars. Twenty billion tokens have been allocated to the core team, while 10 billion are reserved for the Pi Network Foundation. The core team, including Kokkalis and Fan, controls 20 billion tokens, currently valued at 13.2 billion dollars based on the FDV of the network. If both split these tokens evenly, their combined net worth solely from PI will be around 6.6 billion dollars. Although it is still unclear how many employees work at SocialChain, the parent company of Pi Network, Pitchbook reports that the company hires around 40 people. Assuming only Kokkalis and Fan benefit from the allocation of the core team, each will still hold over 1 billion dollars in tokens. In addition, the Pi Network Foundation has been allocated 10 billion tokens, which are now worth more than $6.6 billion. Although the structure of the fund has not been made public, it is common practice that the founders of the project control these reserves, potentially increasing their personal net worth. In addition, Kokkalis and Fan may also hold a portion of the 65 billion tokens distributed to community members. However, the two founders currently cannot access most of these funds as they are still locked. According to PiScan, the network will gradually unlock tokens until May 2028, with an average monthly unlock of 131.2 million coin, currently valued at about 87 million dollars.