Pi Network Secures Strategic Investment from 137 Ventures as Mainnet Launch Nears

Pi Network's inclusion in 137 Ventures' prestigious portfolio represents a major milestone for the mobile-mining project, positioning it alongside industry leaders like SpaceX and Spotify. This Silicon Valley firm's endorsement serves as powerful validation of Pi's innovative approach to democratizing cryptocurrency access through smartphone mining—a model that has already attracted over 47 million users worldwide.

Despite this strategic partnership, Pi's market performance currently shows short-term volatility. The token is trading at $0.4570, reflecting a 2.05% decline, with $81.57 million in 24-hour trading volume. Notably, while trading volume has surged 26%, the token has seen a 10.78% weekly decrease, indicating both growing market interest and ongoing selling pressure.

Industry analysts view 137 Ventures' investment as a strategic bet on Pi Network's impending Mainnet launch and its potential real-world applications. This institutional backing could significantly accelerate adoption for a project that has largely operated outside traditional cryptocurrency exchanges, potentially marking a new chapter in Pi's evolution.