Pi Network Token Faces Disappointment Despite New Venture Fund
Pi Networktoken prices dipped on friday,despite positive moves within the ecosystem. As of May 16, the Pi token value sat at $0.9062, a 0.63% drop, and a 44% fall from its $1.62 multi-month peak.
On May 8, the Pi Foundation shared a āmajor declarationā set for May 14. This led to a rapid 200% surge in Pi price in a few days, reaching its highest since March 2025. However, reality didnāt match expectations. The announcement unveiled was a Pi Network venture fund, which will allocate $100 million to support startups in the Pi ecosystem.
While promising in theory, the fund didnāt provide immediate utility fortoken holders, leading to a sharp sell-off post-announcement. The significant drop signifies a classic ābuy the rumor, sell the newsā scenario.
- Traders initially bid up the token anticipating a significant update.
- However, the actual announcement did not meet the built-up expectations.
Even though prices fell, current stabilization around previous levels suggests that volatility might be normalizing.For detailed updates, follow the Pi Pioneers page.
