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Pi Network Token Crashes 33% Despite $100M Ecosystem Fund Launch
Pi Network Token Crashes 33% Despite $100M Ecosystem Fund Launch
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PI News -
Pi Network’s native token experienced a sharp 33% decline in value after the announcement of Pi Network Ventures, a $100 million initiative to support decentralized app development. The cryptocurrency, which had recently reached $1.50, has now lost 45% of its value, nearly erasing all weekly progress.
Market analysts speculate the timing and lack of transparency around the fund may have spooked investors, interpreting it as diverting focus from Core protocol improvements. This volatility underscores the risks inherent in early-stage blockchain projects, even those with significant financial backing.
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