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#Pi# Yes, let me tell you a real circulating supply. In fact, the so-called circulating supply of 12 billion includes the official coins and the 5.2 billion that have been staked in lock-up positions after the migration mapping by PI friends. Under the various ways used by the official Nicholas to control the market trend, the real circulating supply is currently only about 3 billion PI coins. This means that theoretically, there are still 970 million PI coins that need to be gradually released. 3 billion is just a fraction compared to 97 billion; with only 3 billion in circulating supply, the price has already fallen to 0.4u. This is still in a good environment where Bitcoin is experiencing a bull run. Once we enter a Bear Market, with more unlocks and releases in the future, the price will continue to decline, and it's estimated that it won't even hold 0.1u at that time. #BTC# #ETH# .