Pi Network, the once-promising cryptocurrency project, has seen its value drop sharply by 33%, falling below the $1 mark. The decline follows a controversial announcement from the Pi Core Team about a new $100 million investment initiative, sparking outrage among its loyal user base.
### Pi Network’s Sudden Crash: What Went Wrong?
Just days after reaching an all-time high of $1.40, Pi Network’s price has tumbled to around $0.86. The dramatic sell-off appears to be a direct reaction to the team’s latest update, which many in the community see as a betrayal of their trust.
### The $100M Pi Network Ventures Plan
On May 14, the Pi Core Team unveiled Pi Network Ventures, a $100 million fund aimed at supporting startups and businesses that will integrate Pi into real-world applications. The initiative is designed to accelerate ecosystem growth by funding innovative projects across various industries.
However, instead of excitement, the announcement was met with frustration. Critics argue that the Core Team is diverting resources to new ventures while failing to deliver on long-standing promises—such as fully functional decentralized apps (DApps) and a fully open Mainnet.
### Community Outcry: "A Slap in the Face to Pioneers"
Prominent crypto analyst Dr. Altcoin led the backlash, calling the move a "betrayal" of the community that has supported Pi Network for years.
“We waited, we contributed, and we believed—only to be told that the real utility still doesn’t exist,” he wrote. “Now, $100 million in value—built on the backs of Pioneers—is being used to fund what should have already been in place.”
Many long-term users, known as Pioneers, feel cheated, especially since most were unable to accumulate significant Pi due to referral bonuses being excluded from rewards.
### Silence from the Core Team Fuels Distrust
Despite growing anger, the Pi Core Team has remained largely silent, further alienating its supporters. With over 70 million users worldwide, Pi Network’s success has always relied on grassroots engagement. Now, many fear the project is shifting away from its community-driven roots.
### What’s Next for Pi Network?
The sudden price drop and community backlash raise serious questions about Pi Network’s future. Will the Core Team address concerns, or will the project continue to lose trust—and value?
For now, Pioneers are left wondering if their years of mining and promoting Pi were worth it—or if the network’s leadership has abandoned them in pursuit of bigger ambitions.
Conclusion
Pi Network’s latest move has backfired, triggering a massive sell-off and community revolt. If the Core Team fails to respond, the project risks losing the very people who built it from the ground up.
What do you think—is Pi Network still worth believing in, or has the Core Team lost its way? Share your thoughts in the comments!
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