BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Pi Coin Consolidates as $100M Venture Fund Sparks Market Reevaluation
Pi Coin Consolidates as $100M Venture Fund Sparks Market Reevaluation
13
1
[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s announcement of a $100M venture fund for real-world Pi Coin applications has generated mixed market reactions. While the MOVE demonstrates long-term confidence in sectors like AI and fintech, the token price dropped to $0.8701 post-news—a 30% decline from recent highs.
The Pi Core Team’s sale of 30M tokens appears to be strategic capital raising for the fund, creating short-term supply pressure. Traders are now monitoring the $0.7111 support level during this consolidation phase, as the venture initiative could transform Pi from a speculative asset to an ecosystem-driven utility token.
By:
Previous
Pi Network Launches $100M Venture Fund as PI Coin Enters Consolidation Phase
Next
Meta Platforms Delays AI Model Release Amid Stock Volatility and Insider Selling
