PI Token Tumbles 32% Despite $100M Ecosystem Fund Launch
Pi Network’s native token Pi experienced a dramatic 32% drop within 24 hours, falling to $0.8768 despite the Pi Foundation’s announcement of a $100 million venture fund. The decline from $1.30 to $0.8183 suggests market disappointment, potentially linked to unmet expectations of a major exchange listing.
Pi Network Ventures aims to drive adoption by investing in AI, gaming, FinTech, and blockchain startups. This Silicon Valley-inspired initiative failed to stem the sell-off, underscoring the crypto market’s preference for immediate liquidity over long-term ecosystem growth.