Hype Gone Wrong? Pi Network Token Nosedives After Major Fund Launch
A $100 Million Surprise, A Price Crash
Pi Network recently announced the launch of a $100 million investment fund aimed at supporting innovative startups and expanding real-world utility for its native token. Initially, the news pushed Pi's price above $1.50—the highest since mid-March. But within just 24 hours of the announcement, the token plummeted over 25%, crashing to $0.85 and stunning the community.
Speculation and Disappointment Collide
Before the announcement, excitement had built around potential listings and major ecosystem news. Pi even broke into the top 20 cryptocurrencies by market cap. Yet the highly anticipated reveal failed to meet community expectations, leading to a sharp sell-off.
Critics on social media accused the Pi Core Team of overhyping a single announcement. One user questioned whether the team understood the sentiment of the community, warning that timing and delivery are crucial in the volatile world of crypto.
Community Backlash and Reactions
Frustration spread online, with some suggesting the announcement should’ve been paired with other updates or delivered more subtly. Others warned that Pi’s price could continue to decline as disappointment spread among holders.
The Team Responds
In response, Pi Network-affiliated platforms emphasized that the initiative is focused on ecosystem growth, not short-term price movements. A follow-up post framed the fund as a strategic move to fuel innovation and long-term utility.
Yet the damage was visible. Pi’s market cap fell from over $9 billion to $6.2 billion in just a few days, pushing it down to 29th place among global cryptocurrencies.
Whether this moment marks a growing pain or a deeper issue for Pi remains to be seen—but the message from investors is clear: hype must meet substance.
Thankyou "Hit follow—your support means everything!"
Please follow me .🙏