The Pi Network dream has hit a brutal reality check. After a 100% price surge pushed the token to $1.40, it has now crashed 33% to $0.86—sparking outrage from its 70 million+ users (called "Pioneers").
🚨 What Triggered the Crash?
On May 14, the Pi Core Team dropped a bombshell: Pi Network Ventures, a $100M fund (mix of Pi + USD) to invest in startups that boost real-world Pi adoption.
Sounds good, right? Not to the community.
💔 Why Are Pioneers Furious?
1️⃣ "We Built Pi, Now They’re Selling Our Trust"
- Dr. Altcoin (a top crypto analyst) blasted the move as a "betrayal", arguing:
- "Pioneers mined, referred friends, and waited years for real utility—only to see $100M handed to outsiders."
- "Most Pioneers earned <1,000 Pi due to no referral rewards—now the Core Team spends millions?"
2️⃣ Empty Promises?
- Pi was supposed to be decentralized, but the Core Team controls the $100M fund.
- Still no major DApps—just promises.
3️⃣ Radio Silence
- The Core Team hasn’t addressed complaints, leaving Pioneers feeling abandoned.
📉 Market Reaction: Panic Selling
- The 33% drop reflects lost trust.
- Many fear this is another "vaporware" crypto project—hype without delivery.
🤔 What’s Next for Pi?
- IF the $100M fund delivers real apps, Pi could rebound.
- BUT if the Core Team keeps ignoring Pioneers, this could be the beginning of the end.
💬 Your Take?
- Legit growth move or betrayal?
- Should Pioneers protest?
- Will Pi recover—or fade away?
Comment & share! #PiNetwork #CryptoCrash #Betrayal
(Source: Coinpedia Fintech News, adapted for clarity/impact.)
🎤 Why This Matters:
Pi Network’s entire value came from its community. If they walk away, Pi collapses. This is a warning for all "people-powered" crypto projects.
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