Pi Network’s $100M Fund Fails to Lift PI Coin as Market Questions Project’s Viability
Pi Network announced a $100 million venture fund supported by 10% of its Pi token supply, aimed at boosting AI, fintech, and Web3 startups to drive real-world adoption. However, the PI token’s price dropped 30% within a day, signaling persistent market skepticism about the project’s credibility.
Ongoing liquidity restrictions and limited transparency continue to cast doubt on the initiative. While the fund was meant to counter Pi’s ’walled garden’ image, it instead emphasized the gap between announcements and measurable progress.
Investors remain cautious as PI’s utility and exchange accessibility—critical demand drivers—remain unresolved. ’Ambitions on paper don’t MOVE markets,’ noted one trader, highlighting the network’s credibility challenges.
