Pi Network grows: launches a $100 million venture fund to boost utility and real-world adoption of Pi
The Pi Network is revolutionizing the world of cryptocurrencies with a bold new initiative that could transform its future. Just a few months after the highly anticipated launch of its mainnet in February, Pi announced a $100 million venture capital fund aimed at accelerating real-world adoption and increasing the utility of the PI token. This significant announcement was hinted at last week, on May 8, which triggered a massive price increase of over 160% in just a few days. But now that the news has been officially released, the momentum has cooled, and PI is trading in the red, a typical behavior in a "buy the rumor, sell the news" scenario.
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