Pi Network Crashes 33%, Falls Below $1—Community Cries Betrayal

After soaring to $1.40 with a 100% surge, Pi Network has plunged 33%, now trading around $0.86. The sharp drop came right after the May 14 launch of Pi Network Ventures—a $100M initiative by the Pi Core Team aimed at funding real-world Pi-based startups.

But not everyone’s celebrating.

Pioneers, the loyal users who’ve mined Pi since day one, feel blindsided. Crypto analyst Dr. Altcoin slammed the move:

“We waited, we believed, we contributed... Now $100M of our trust is being used to build what was promised years ago.”

Many are outraged that referral bonuses were cut, leaving most users with under 1,000 Pi, while the team pivots toward VC-style investments.

With 70M+ users across 200+ countries, Pi was built by its community. Now, some say the Core Team has gone silent—and corporate.

Is this a bold leap toward real-world utility—or a betrayal of the grassroots movement?

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