100 billion is supply for Pi netowrk. The FDV is at 82 billion at the current market price. Reason?

It is an L1. Most of the tokens are locked. Liquidation is only allowed via few selected exchanges. It is another high fdv low float launch. This one is quiet successful in terms of launch I would say but the way pi networks has delivered until now this is going to be one of the big disappointments in the coming months it seems.

People buying this coin tells you how many people with throw away money are in our industry. If we do not value good products builders won’t value us in the future.