Pi Coin dropped 33% in just a few hours, causing a wave of anger from the Pi Network community. This decline follows the announcement of a $100 million venture capital fund – Pi Network Ventures – aimed at supporting the development of DApps on the platform. However, many 'Pioneers' feel disappointed, as no functioning 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 neglecting user contributions. According to him, more than 94% of Pioneers failed to earn 1,000 Pi tokens due to the project's limited reward mechanism. "This is a betrayal," said Dr. Altcoin. "We were promised 100 original DApps. After six years, there is still nothing."