Pi Network Fails to Gain Traction After 100 Days of Open Mainnet Launch

Pi Network's 100-day Open Mainnet celebration did not generate significant price movement for its native token, with PI coin trading below $0.60 amid declining volumes. The cryptocurrency remains stuck below the key resistance level of $0.61, as daily trading activity dropped 35% below weekly averages.

The network announced a $100 million venture fund to support ecosystem development, allocating capital between Pi and USD. Pi Network Ventures aims to back startups that drive commercial adoption, though market reaction has been lukewarm. Ecosystem expansion continues with new gaming additions like FruityPi and merchant adoption through PiFest events, which have attracted over 125,000 registered vendors.

"The utility-driven PI cryptocurrency is here to stay and grow," stated foundation officials, highlighting grassroots adoption metrics. Community-driven applications such as Map of Pi show organic growth despite the market's lack of interest in the token's price performance.