BTCC
/
BTCC Square
/
Global Cryptocurrency
/
PI Token Dives 28% to $0.88 Despite $100M Ecosystem Fund Launch
PI Token Dives 28% to $0.88 Despite $100M Ecosystem Fund Launch
17
3
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native cryptocurrency experienced a sharp 28% decline to $0.8811 amidst broader market weakness. This sell-off occurred despite the recent launch of Pi Network Ventures - a $100 million development fund aimed at accelerating platform growth.
Traders appear to be taking profits following PI’s recent surge, though the token remains up 41% on weekly charts. Technical analysis suggests the correction may continue until overbought conditions are resolved.
The volatility highlights Pi Network’s ongoing evolution from mining project to full blockchain ecosystem. While short-term fluctuations continue, the venture fund demonstrates long-term institutional support for the platform’s infrastructure development.
By:
Previous
Federal Judge Strikes Down ’Apple Tax,’ Paving Way for Frictionless Crypto Integration
Next
a16z Crypto Leads $7M Seed Round in Blockchain Ticketing Startup KYD Labs
