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PI Token Faces Sharp Decline Despite $100M Ecosystem Fund Launch
PI Token Faces Sharp Decline Despite $100M Ecosystem Fund Launch
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s native token Pi has broken through key support levels, dropping to $0.86 on May 16—a 40% decline from its weekly high of $1.57 and 71% below February’s all-time high of $2.99. The sell-off occurred despite the Pi Foundation’s announcement of a $100 million venture fund focused on AI, gaming, fintech, and e-commerce startups.
While market participants had expected a major exchange listing to improve liquidity, the venture fund news triggered a ’sell-the-news’ reaction instead. The fund is designed to boost real-world adoption of Pi’s ecosystem, but traders remain doubtful about near-term catalysts for the struggling token.
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