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Just days after $PI skyrocketed to $1.40 with a 100% surge, the token has plummeted 33%, now trading at just $0.86. The crash follows a May 14 bombshell from the Pi Core Team that has ignited outrage across the global Pioneer community.
🚀 The Announcement That Sparked the Fall
The Core Team revealed the launch of $ETH
Pi Network Ventures, a $100 million investment initiative aimed at backing real-world apps and startups to accelerate Pi adoption. Funded in both $PI and USD, the team dubbed it a “pivotal step” toward ecosystem growth.
But not everyone is cheering.
😡 Pioneers Feel “Betrayed”
💥 Prominent crypto voice Dr. Altcoin blasted the announcement, calling it "a betrayal of the community's trust."
“We waited, we believed, we contributed,” he posted. “Now they’re using the value WE created to finally build what was promised years ago.”
He also slammed the team's decision to withhold referral bonuses, leaving many early adopters with less than 1,000 Pi tokens.
“That $100M fund? It came from the sweat and belief of 70M+ users. Yet we’re sidelined as the team moves ahead without us.”
🌍 Global Community, Growing Frustration
With over 70 million Pioneers across 200+ countries, Pi Network’s strength came from grassroots participation, not VC capital. Now, many feel the core values of the project have been abandoned in favor of big-ticket dreams.
🔇 "The silence from the Core Team is deafening," Dr. Altcoin added.
“Pioneers aren’t just users—we are the FOUNDATION of the $PI movement.”
👀 Will Pi Network recover from this backlash, or is this the beginning of a trust breakdown?
💬 Drop your thoughts below!
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