Pi Network recently made a bold move by announcing a $100 million fund aimed at supporting Web3 startups. According to the Pi Core Team, this fund is dedicated to backing startups and businesses that can push forward the real-world adoption and utility of Pi. The initiative sounds impressive and ambitious—but not everyone in the community is celebrating.
Despite branding this fund as a major leap toward ecosystem growth, Pi’s price took a nosedive, crashing over 30% within just 24 hours to hit $0.84. Clearly, the market didn’t buy the optimism.
Community reactions were mixed. Some praised the announcement as a valuable step for the Pi ecosystem, but many were left disappointed. Long-time Pi contributor Dave Roscoe didn’t hold back, saying:
“You used your community to build hype, driving up our hopes, only to release an announcement that serves you.”
Others echoed similar concerns. Many users are still waiting for more flexibility with staking, and feel that the team is prioritizing expansion over fixing long-standing user issues. One user, Sentinel, pointed out how users were locked into staking options during KYC—at a time when Pi wasn’t even listed or priced.
On the trading front, Pi is still facing pressure. After a recent rally driven by crypto market momentum and hopes of a big CEX listing, Pi is now struggling. It has dropped over 7% in Asian markets, with key technical indicators flashing red.
The 12-hour 100 EMA sits at $0.86, dragging the price lower.
The 50 EMA at $0.80 might offer temporary support, attracting dip-buyers aiming for the $1.00 mark.
RSI has plummeted from Monday’s 92.95 to below 50, confirming a bearish trend.
If $0.80 fails, we could be looking at a retest of April’s bottom near $0.40.
So what’s next for Pi Network?
Is this $100M fund truly a stepping stone to greater things, or just another hype move that misses the community’s core demands? Only time will tell—but for now, the pressure is on.
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