PI Drops Below $1 Despite $100 Million Pi Network Fund Launch
The post PI Drops Below $1 Despite $100 Million Pi Network Fund Launch appeared on BitcoinEthereumNews.com.
PI is down 17% in the last 24 hours, falling below the $1 mark despite the Pi Foundation’s announcement of a $100 million startup fund. The newly launched Pi Network Ventures aims to boost real-world adoption by investing in companies integrating PI into AI and fintech sectors. While the initiative has sparked ecosystem excitement, technical indicators are flashing warning signs. Momentum is weakening across several signals, suggesting that profit-taking and broader corrections may already be underway. Pi Network Launches $100 Million Fund as Momentum Shows Signs of Slowing After building some hype, the Pi Foundation has launched Pi Network Ventures, a $100 million startup fund to accelerate real-world adoption of the PI token. Funded through 10% of the PI supply, the initiative will invest in early to Series B companies that integrate PI into sectors like AI, fintech, ecommerce, and consumer apps. Most investments will be made in PI tokens rather than fiat, aligning with the project’s long-term ecosystem goals. After months of decline, PI has recently rebounded, gaining 85% in the past two weeks amid renewed investor interest and Binance listing rumors. PI DMI. Source: TradingView. Despite the price surge, Pi’s technical indicators suggest the rally may be losing strength. The DMI chart shows its ADX has dropped from 72 to 35.46 in two days, signaling a sharp weakening in trend strength. ADX values above 25 indicate a strong trend, while drops below 20 often point to trend exhaustion. Meanwhile, the +DI (bullish pressure) has plunged from 61 to 23.99, and the -DI (bearish pressure) has climbed from 1.2 to 25. This crossover suggests that bearish momentum is overtaking bullish strength, and unless buying pressure returns, PI could enter a consolidation or correction phase. Chaikin Money Flow Drop Flags Potential Profit-Taking in PI Pi Network Chaikin Money Flow (CMF)…
Filed under: News - @ May 14, 2025 11:22 pm