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PI Token Dives 30% to $0.84 Despite $100M Ecosystem Fund Launch
PI Token Dives 30% to $0.84 Despite $100M Ecosystem Fund Launch
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token Pi plunged over 30% to $0.8405 within 24 hours, contradicting expectations after a major ecosystem announcement. The sell-off occurred despite the PI Foundation launching Pi Network Ventures, a $100 million fund focused on blockchain, AI, and fintech startups.
The venture arm follows Silicon Valley investment models, with allocations planned for generative AI, gaming platforms, and embedded payment solutions. Traders appear skeptical of the long-term utility play, choosing to take profits amid ongoing crypto market volatility.
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