Pi Network Launches $100M Ecosystem Fund, But Token Dips 30% Amid Community Criticism
In a bold move to strengthen its Web3 presence, Pi Network has announced a $100 million fund aimed at investing in startups that drive real-world utility and adoption of the Pi ecosystem. The initiative was revealed Wednesday and is positioned as a strategic push to support high-impact startups across industries, fostering innovation and accelerating ecosystem development.
“This fund represents a pivotal step in scaling utility and real-world use cases for Pi,” the Pi Network team said in its official statement.
Community Mixed, Price Tanks Over 30%
Despite the announcement, PI’s market price plunged 30% within 24 hours, dropping to $0.84, with the downturn reflecting growing market skepticism.
While some praised the initiative as a much-needed ecological push, others expressed frustration. Community member Dave Roscoe criticized the move:
“You used your community to build hype, driving up our hopes, only to release an announcement that serves you.”
Others called for the team to prioritize core user concerns such as staking flexibility. User Sentinel remarked:
“When people chose to stake (or weren’t allowed to opt out during KYC), Pi wasn’t even priced or listed. Now, people are locked in without flexibility.”
Market Outlook: Price Trends and Risk Signals
The bearish sentiment has spilled into the technicals:
• PI trades below the 12-hour 100 EMA, which is trending downward at $0.86.
• Immediate support lies at the 50 EMA near $0.80, a key zone that may attract dip-buyers looking to defend the psychological $1.00 level.
• The RSI has dropped sharply, falling below 50 after peaking at 92.95 on Monday, indicating fading bullish momentum.
If the $0.80 support breaks, a retest of April’s low near $0.40 could be next on the horizon.
What’s Next for Pi Network?
This fund rollout comes at a critical time. Recent optimism—driven by hopes of a major exchange listing and broader crypto market strength—has reversed amid growing dissatisfaction