Pi Network Token Crashes 33% to $0.86 Following Controversial $100M Venture Fund Announcement

Pi Network’s cryptocurrency has fallen below the key $1 threshold, now trading at $0.86 after a 33% drop. This decline wipes out its recent 100% rally that had pushed the token to $1.40.

The sell-off comes after controversial announcements from the Pi Core Team about Pi Network Ventures—a $100 million hybrid investment fund using both Pi tokens and USD. While intended to boost real-world utility, the initiative has sparked backlash from community members who expected different development priorities, with some calling it a betrayal.

Market observers are now watching to see if the venture fund can deliver on its promise of ecosystem growth or if the loss of community trust will continue to drive Pi’s downward trend. The team insists this MOVE is a strategic step toward creating tangible utility for the cryptocurrency.