According to Coinpedia Fintech News, Pi Network has experienced a sharp 33% decline in its value, dropping to around $0.86. This significant drop came shortly after a May 14 announcement by the Pi Core Team that left many community members frustrated and disheartened.
What Triggered the Decline?
On May 14, the Pi Core Team revealed the launch of Pi Network Ventures—a $100 million funding initiative aimed at supporting businesses and startups that can bring real-world utility to the Pi cryptocurrency. The investment, made in both Pi and U.S. dollars, is intended to boost innovative projects across multiple sectors and strengthen the broader Pi ecosystem.
Details about the initiative are accessible through the Pi Network app's home screen. The Core Team described this move as a “critical advancement” intended to accelerate app development and encourage everyday usage of the Pi token.
Why Is the Community Upset?
Crypto analyst Dr. Altcoin criticized the announcement online, labeling it “a betrayal.” He argued that the new Pi Network Ventures initiative disregarded the years of commitment and contributions from the community that built Pi from the ground up.
“We waited patiently, believed in the vision, and contributed to the project,” Dr. Altcoin wrote. “Now we’re being told that the decentralized apps we were promised still aren’t available—and that $100 million will now be used to finally develop them. That value was built on the trust and labor of the Pioneer community.”
He further highlighted that most users—called Pioneers—have not even earned 1,000 Pi tokens, mainly because the team chose not to offer referral rewards. “This decision reflects a lack of appreciation for the community’s efforts,” he added.
With a user base exceeding 70 million people in over 200 countries, Pi Network has grown into a global grassroots movement—fueled not by traditional investors, but by everyday users. Now, many of those users feel sidelined as the Core Team shifts focus to large-scale goals and ambitious new ventures.
“The silence from the Core Team is impossible to ignore,” Dr. Altcoin said. “Pioneers aren’t just participants—we are the backbone of Pi Network.”
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