The controversial cryptocurrency project continues to draw attention across the industry after releasing key features and unveiling big upgrades.

Its native token, PI, is also very popular, boasting a multi-million-strong holder base. However, only a small fraction of users own more than 10 million coins. Below is a detailed breakdown of each holder group.

How Many Whales?

The X account BSCN revealed that only 21 accounts hold over 10 million PI each. The next group of investors (those holding between 1 million and 10 million tokens) comprises 9,961 users, while 766 own between 100,000 and 1 million tokens.

Further down the distribution, 353,340 wallets hold between 1,000 and 10,000 PI, and another 1,503,374 accounts sit in the 100 to 1,000 PI bracket. The largest cohort by far consists of small holders: around 80% of all Pioneers (more than 14.5 million users) possess fewer than 10 coins each.

Source: CryptoPotato