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.
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Pi Coin Crashes Despite $100M VC Fund News
At the time of writing, Pi coin trades 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 shouted ‘betrayal’ from the Pi Core team. 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 six years. We waited, we believed, and we contributed under the promise that time was needed to develop a strong ecosystem with 100 real, functioning DApps. Now, after six long years, we are told that the DApps the Core Team envisions still do not exist.
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What’s Next for Pi Coin Holders?
Despite today’s drop, Pi Network remains optimistic. The team claims real-world adoption through the VC program will eventually bring sustainable growth. But for now, sentiment remains fragile.
The Pi coin price now sits at a key support level. If the broader crypto market fails to rebound, Pi could test lower zones. Still, long-term holders may view the $0.68 range as a potential entry point if confidence in the Pi ecosystem holds.
At the Consensus 2025 event on Friday, Pi Network founder and CTO Dr. Nicholas Kokkalis delivered a keynote on leveraging AI and blockchain infrastructure to drive mainstream adoption. Despite this, Pi Coin’s price plummeted 19% within hours, again showing disappointment within the Pi community.
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Why Pi Coin Price Dropped Over 20% Despite $100M VC Fund Launch?
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.
Advertisement
Advertisement
Pi Coin Crashes Despite $100M VC Fund News
At the time of writing, Pi coin trades 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 shouted ‘betrayal’ from the Pi Core team. In the popular voice of Dr Altcoin,
Advertisement
Advertisement
What’s Next for Pi Coin Holders?
Despite today’s drop, Pi Network remains optimistic. The team claims real-world adoption through the VC program will eventually bring sustainable growth. But for now, sentiment remains fragile.
The Pi coin price now sits at a key support level. If the broader crypto market fails to rebound, Pi could test lower zones. Still, long-term holders may view the $0.68 range as a potential entry point if confidence in the Pi ecosystem holds.
At the Consensus 2025 event on Friday, Pi Network founder and CTO Dr. Nicholas Kokkalis delivered a keynote on leveraging AI and blockchain infrastructure to drive mainstream adoption. Despite this, Pi Coin’s price plummeted 19% within hours, again showing disappointment within the Pi community.
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