The post Why Pi Network’s $100 mln move did not reflect on PI’s price appeared on BitcoinEthereumNews.com.

Pi Network launched a $100M fund to push real-world PI use — but price plunged. Restrictions continue to cast doubt on the project’s long-term credibility. Pi Network [PI] has launched a $100 million venture fund, backed by 10% of its own Pi Coin supply, in a bid to shake off its reputation as a walled garden. The fund targets AI, fintech, and Web3 startups — a big step, at least on paper. But within 24 hours, Pi Coin tumbled over 30%, so is the market seeing through the ambition? Pi Network: A 100M push for real world use After months of limited visibility and slow movement, the Pi Foundation has announced Pi Network Ventures, a $100 million fund aimed at driving real-world adoption of the PI token. Backed by 10% of the total PI supply, the fund will target early to Series B startups in sectors like AI, fintech, ecommerce, and consumer apps. Source: X Crucially, most investments will be made in PI rather than fiat, showing a commitment to ecosystem growth — but also raising questions about liquidity, risk, and whether projects will actually opt in for tokens over traditional capital. Price falls, OI cools Despite the Pi Foundation’s $100 million fund announcement on the 14th of May, market sentiment turned quickly. PI dropped over 30% in the immediate aftermath, from highs above $1 to around $0.88. Source: CoinMarketCap Open interest in PI Futures has declined notably over the past week. After peaking around $11.2 million on the 1st of March, Open Interest steadily dropped to approximately $4 million by the 19th of March — a significant reduction in trader participation. Source: Coinglass Although the PI token price initially hovered above $2.00 in early March, it has since fallen below $1.40. While the token saw a brief spike around…

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Filed under: News - @ May 16, 2025 12:19 am