### **#PiNetwork Plummets 33% Amid Community Backlash – Is the Hype Over?**
**📉 Price Crash:** **Pi Network ( $PI ) has nosedived below $1**, currently trading at **$0.86**—a **33% drop** from its recent peak of **$1.40**.
### **🔥 What Triggered the Sell-Off?**
The sharp decline followed a **controversial May 14 announcement** from the **Pi Core Team**, introducing **Pi Network Ventures**—a **$100M investment fund** to support startups building real-world Pi utility.
- **Goal:** Accelerate Pi adoption by funding ecosystem projects.
- **Problem?** The community feels **betrayed**, accusing the team of sidelining loyal "Pioneers" who built the network.
### **💔 Why Is the Pi Community Furious?**
Prominent crypto analyst **Dr. Altcoin** led the outcry, calling the move a **"betrayal"** of the **70M+ Pioneers** who mined Pi for years. Key grievances:
🔴 **"We were promised real utility—now they’re just paying others to build it."**
🔴 **Referral rewards were slashed**, leaving many with **far less Pi than expected**.
🔴 **"The Core Team ignores us while sitting on $100M in community-driven value."**
### **🤔 What’s Next for Pi Network?**
- **Short-term:** Volatility likely as sentiment sours.
- **Long-term:** Success hinges on whether **Pi Network Ventures** delivers real adoption—or if distrust keeps killing momentum.
**📢 Your Take?**
👉 **Is this a necessary step forward—or a slap in the face to early supporters?**
💬 **Comment below!**