After recently hitting $1.40 thanks to a 100% price surge, Pi Network has crashed by 33%, now trading around $0.86. The sudden drop followed a controversial announcement on May 14 that left the community frustrated and feeling betrayed.
What Triggered the Drop?
On May 14, the Pi Core Team revealed Pi Network Ventures, a $100 million investment initiative aimed at funding startups and businesses that will bring real-world utility to the Pi cryptocurrency. The fund, made up of both Pi and U.S. dollars, is designed to accelerate ecosystem growth by supporting innovative projects across industries.
Users can explore the new program directly within the Pi Network app. The Core Team called it a “major step forward,” hoping it will lead to practical applications and mainstream adoption of Pi.
Why Is the Community Angry?
Crypto analyst Dr. Altcoin took to social media, labeling the announcement as “a betrayal.” He criticized the move for overlooking the loyal community that helped build Pi over the past six years.
“We waited, we believed, and we contributed,” he said. “Now we’re told that the decentralized apps (DApps) we were promised still don’t exist—and that $100 million will now be used to finally build them. That money comes from the trust and work of the Pioneer community.”
He also highlighted that many Pioneers didn’t even earn 1,000 Pi tokens because the Core Team decided not to give out referral bonuses. “It’s a slap in the face,” he said. “Our contributions have been undervalued.”
With over 70 million users in more than 200 countries, Pi Network became a global movement powered by its users—not traditional investors. But now, many of those users feel abandoned as the team shifts focus to big-budget ventures and outside projects.
“The Core Team’s silence says it all,” Dr. Altcoin added. “Pioneers aren’t just users—we’re the backbone of Pi Network
