Has the supply of Pi Network risen from 7 billion Tokens to 12 billion Tokens? Check the reality.

Pi Network has once again become the center of attention—this time due to a surprising increase in circulating supply. Based on the blockchain screenshot shared on social media, Pi's circulating supply has surged from around 7 billion to nearly 12.7 billion tokens. That is a jump of over 5 billion Pi in a short-term. What is the big question? Why does CoinMarketCap still display the old number, around 7 billion Pi, until today?

User X Dr Picoin's post displays two screenshots from Pi's blockchain explorer. The first image lists 7 billion Pi in circulation; the second image shows it increasing to 12.7 billion. The total supply also increased by nearly 9 billion Pi, implying that new tokens have been issued—possibly to reward mining, allocate pools, or for liquidity. Some people in the Pi community believe that the increase of 5 billion tokens could be part of a liquidity pool, preparing for Pi's listing on major exchanges such as Binance, BitMart, or HTX. However, there has been no official confirmation from any of these exchanges. Despite the increase in circulating supply, the balance on centralized exchanges (CEX) has remained virtually unchanged, only increasing by 2 million Pi. This means that most new tokens have yet to be traded. They may be locked, waiting for KYC verification, or simply not fully moved. It is more confusing that some users believe that the increase in supply could be a reporting error or a glitch. With the vague history of token data and the KYC congestion of Pi Network, that theory makes sense. Currently, it is better to follow official updates from Pi Network or major exchanges. Therefore, investors should be cautious and alert to any data discrepancies that may occur beforehand. Therefore, as of now, there is no evidence that the token supply of Pi Network has increased to 12 billion, and the claims in this tweet are misleading.