The post Pi Coin Value Drops 33% After New $100M Fund Announcement appeared on BitcoinEthereumNews.com.

Pi Coin value fell by 33% after the launch of a $100 million VC fund. Many users are upset because there are still no working apps on the Pi Network. The community feels their hard work was ignored by the Pi Core Team. The price of Pi Coin plummeted a staggering 33% over the last 24 hours, plummeting from previous highs of $1.40 to just below $0.88. This freefall comes after the Pi Network Core Team revealed a $100 million venture capital fund. One that, rather than generating buzz, lit a firestorm of criticism among its massive user base, the Pioneers. The Announcement That Backfired On May 14, the Pi Core Team launched Pi Network Ventures, a VC fund to back startups and developers creating decentralized applications (DApps) on the Pi blockchain. The effort, supported by a mix of Pi tokens and U.S. dollars, is one of the team’s plans to drive real-world adoption and ecosystem development. But for the Pioneers who have stood by the network since its inception, the news came as a slap in the face. Crypto analyst Dr. Altcoin, a vocal member of the Pi community, didn’t mince words. Calling the update a “betrayal,” he noted that after six years of effort, the promised ecosystem of working DApps still doesn’t exist.”. We waited, we believed, and we invested. Now, six years later, we are informed the apps still don’t exist, but the team is releasing a VC fund with our trust-driven value.” Compounding the irritation is the absence of substantial rewards. As per Dr. Altcoin, 94% of individuals did not even reach 1,000 Pi tokens. And it’s great that the Core Team’s minimal referral rewards and gradual introduction of mainnet functionality. From Top 20 to Tumbling Ranks Only days before, Pi Coin was on top, the…

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Filed under: News - @ May 15, 2025 12:29 pm