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 $0.86āsparking outrage from its 70 million+ users (called "Pioneers").
šØ 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.
š Why Are Pioneers Furious?
1ļøā£ "We Built Pi, Now Theyāre 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 utilityāonly to see $100M handed to outsiders."
- "Most Pioneers earned <1,000 Pi due to no referral rewardsānow the Core Team spends millions?"
2ļøā£ Empty Promises?
- Pi was supposed to be decentralized, but the Core Team controls the $100M fund.
- Still no major DAppsājust promises.
3ļøā£ Radio Silence
- The Core Team hasnāt addressed complaints, leaving Pioneers feeling abandoned.
š Market Reaction: Panic Selling
- The 33% drop reflects lost trust.
- Many fear this is another "vaporware" crypto projectāhype without delivery.
š¤ Whatās 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.
š¬ Your Take?
- Legit growth move or betrayal?
- Should Pioneers protest?
- Will Pi recoverāor fade away?
Comment & share! #PiNetwork #CryptoCrash #Betrayal
(Source: Coinpedia Fintech News, adapted for clarity/impact.)
š¤ Why This Matters:
Pi Networkās 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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