The price of PI has plunged by 32% in just 24 hours, dropping below the $1 mark—even after the Pi Foundation unveiled its ambitious new $100 million startup fund. Named Pi Network Ventures, the fund aims to drive real-world adoption of PI by investing in businesses that integrate the token, with a focus on sectors such as artificial intelligence (AI), fintech, e-commerce, and consumer applications.
While this initiative has sparked excitement within the community, technical indicators are flashing warning signs. Market momentum is weakening across several metrics, suggesting a wave of profit-taking and the possibility of a broader market correction.
After generating significant buzz, the Pi Foundation officially launched Pi Network Ventures, a $100 million venture fund designed to bring the PI token closer to practical applications. Backed by 10% of PI’s total supply, the fund will invest in startups from early-stage to Series B rounds, with a priority on projects that actively incorporate PI into next-generation tech sectors.
A key highlight is that most of these investments will be made in PI tokens rather than fiat currency, underscoring the project’s commitment to building a sustainable ecosystem.
Related: Pi Coin Plummets 33% as Community Cries Betrayal
Previously, after a prolonged downtrend, PI experienced a surprising rebound—rising 85% over two weeks—fueled by renewed investor interest and speculation about a potential Binance listing. However, given the current volatility, the future of PI remains highly uncertain.
