Pi Coin Plummets 33% as Community Cries Betrayal

Pi Coin plummeted 33% in just a few hours as the community erupted in outrage, accusing the development team of "betrayal" following the announcement of a $100 million investment fund, despite the lack of any real decentralized applications (DApps) being launched.

Pi Coin has dropped 33% in just a few hours, causing a wave of anger from the Pi Network community. The plunge follows the announcement of a $100 million venture capital fund – Pi Network Ventures – aimed at supporting DApp development on the platform. However, many “Pioneers” feel let down, as no functional decentralized applications have been released after six years of waiting.

Critics within the community, including a prominent figure known as Dr. Altcoin, accuse the Pi Core Team of ignoring user contributions. According to him, more than 94% of Pioneers failed to earn 1,000 Pi tokens due to the project’s restrictive reward mechanisms. “This is a betrayal,” Dr. Altcoin said. “We were promised 100 real DApps. After six years, there’s still nothing.”