Pi Coin Price Tanks 17% Despite $100M VC Fund Launch
The post Pi Coin Price Tanks 17% Despite $100M VC Fund Launch appeared on BitcoinEthereumNews.com. Pi coin is down sharply today, plunging over 20% to $0.69, indicating that the Pi community was not impressed with the major ecosystem announcements during Consensus 2025. The Pi Network revealed this week that the $100 million venture capital fund to fund startups building on Pi is now active. However, the news failed to stabilize price action, with the token shedding billions in value. Pi Coin Crashes Despite $100M VC Fund News At the time of writing, Pi coin price now sits at $0.69, with a 24-hour trading volume of $572 million. This surge in volume is almost 45%, pointing towards panic selling as the market cap has gone down from 6.72 billion to $4.93 billion within 24 hours. As per the Pi Core Team, the $100M Pi Network VC fund will be used to invest in AI, fintech, marketplaces, and other sectors integrating Pi. The fund is backed by Pi Foundation reserves and is to support early to late-stage startups to promote Pi adoption in the real world. The short-term market response has been brutal despite that the fund tried to show long-term commitment from the core team. Investors expected the VC news to push Pi higher. But instead, the announcement created a “sell-the-news” moment. Some users speculate the Pi coin price crash reflects concerns about overvaluation, with a $69B FDV despite only 7.15B tokens in circulation. Pioneer community Feels Betrayed After Wednesday’s announcement of the $100 million VC Fund, the Pioneer community alleged unwarranted delays in functioning DApps that the Pi Core team envisioned six years ago. In the popular voice of Dr Altcoin, Today, the Pi Core Team’s announcement about Pi Network Ventures is nothing short of a betrayal to the Pioneer community, the very people who built this project from the ground up over the past…
The post Pi Coin Price Tanks 17% Despite $100M VC Fund Launch appeared on BitcoinEthereumNews.com.
Pi coin is down sharply today, plunging over 20% to $0.69, indicating that the Pi community was not impressed with the major ecosystem announcements during Consensus 2025. The Pi Network revealed this week that the $100 million venture capital fund to fund startups building on Pi is now active. However, the news failed to stabilize price action, with the token shedding billions in value. Pi Coin Crashes Despite $100M VC Fund News At the time of writing, Pi coin price now sits at $0.69, with a 24-hour trading volume of $572 million. This surge in volume is almost 45%, pointing towards panic selling as the market cap has gone down from 6.72 billion to $4.93 billion within 24 hours. As per the Pi Core Team, the $100M Pi Network VC fund will be used to invest in AI, fintech, marketplaces, and other sectors integrating Pi. The fund is backed by Pi Foundation reserves and is to support early to late-stage startups to promote Pi adoption in the real world. The short-term market response has been brutal despite that the fund tried to show long-term commitment from the core team. Investors expected the VC news to push Pi higher. But instead, the announcement created a “sell-the-news” moment. Some users speculate the Pi coin price crash reflects concerns about overvaluation, with a $69B FDV despite only 7.15B tokens in circulation. Pioneer community Feels Betrayed After Wednesday’s announcement of the $100 million VC Fund, the Pioneer community alleged unwarranted delays in functioning DApps that the Pi Core team envisioned six years ago. In the popular voice of Dr Altcoin, Today, the Pi Core Team’s announcement about Pi Network Ventures is nothing short of a betrayal to the Pioneer community, the very people who built this project from the ground up over the past…
What's Your Reaction?
