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Pi Network Token Crashes 44% as $100M Venture Fund Fails to Meet Market Expectations
Pi Network Token Crashes 44% as $100M Venture Fund Fails to Meet Market Expectations
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s token dropped 0.63% to $0.9062 on Friday, continuing its fall from a recent high of $1.62. The 44% decline followed the Pi Foundation’s May 14 announcement of a $100 million venture fund, which the market viewed as lacking immediate utility.
Earlier hints of a "major development" had driven a 200% price surge this month. However, the actual news failed to maintain momentum, underscoring the crypto market’s volatility when projects overpromise and underdeliver. The sell-off highlights growing doubts about Pi Network’s ability to turn hype into real ecosystem value.
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