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PI Token Crashes 50% Despite $100M Ecosystem Fund Launch
PI Token Crashes 50% Despite $100M Ecosystem Fund Launch
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token Pi has plummeted nearly 50% from its Monday peak to $0.84 following the announcement of a $100 million development fund. The steep decline occurs amid stable market conditions, highlighting growing skepticism within the project’s community.
The newly created PI Network Ventures will invest in startups building real-world applications, using both PI tokens and USD. This strategic initiative comes as developers face increasing pressure to deliver on long-delayed ecosystem promises.
Analysts suggest the sell-off reflects investor frustration with Pi Network’s slow adoption progress. Despite ambitious roadmaps, the project continues to lack substantive use cases for its cryptocurrency beyond speculative trading.
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