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Pi Network Token Crashes 54% Following $100M Fund Announcement
Pi Network Token Crashes 54% Following $100M Fund Announcement
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[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN]
PI News -
Pi Network’s token price plummeted 54% over seven days, dropping from $1.61 to $0.71. The decline accelerated after developers revealed a $100 million ecosystem fund and an ’ownerless’ foundation structure—moves seen as delays rather than progress on promised applications.
Community trust eroded further amid accusations of insider token dumping and unclear governance. Despite the crash, some traders predict a potential 250% rebound, citing oversold conditions that may attract speculative buyers.
The project faces ongoing challenges: no major exchange listings, restrictive KYC requirements, and postponed product launches. This volatility highlights the risks of pre-mainnet tokens where HYPE frequently exceeds real utility.
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