PI Token Experiences 30% Pullback After Brief Surge to $1.50

PI Network’s token price has dropped over 30% following a short-lived rally that peaked at $1.50 earlier this week. The correction comes amid heightened trading volatility and volume, indicating increased market activity.

Sentiment turned bearish after the project announced a $100 million ecosystem fund, which disappointed pioneers expecting more functional decentralized applications. The gap between funding announcements and actual product development appears to have triggered the sell-off.

Market analysts note the initial price surge was driven by positive reactions to ecosystem updates, but concerns about sustainability emerged when concrete deliverables failed to materialize. The current consolidation phase reflects typical crypto market behavior after rapid price appreciation.