Pi Network Crashes Below $1 After Controversial Announcement – Community Feels Betrayed

Recently, Pi Network saw a big jump in value, reaching up to $1.40 after doubling in price. But that excitement didn’t last long. The price has now dropped by about 33%, bringing it down to around $0.86. This crash came right after a major announcement from the Pi Core Team on May 14, which has left a lot of users, including me, frustrated and disappointed.

So, What Exactly Happened?

The Core Team revealed a new initiative called Pi Network Ventures, a $100 million fund aimed at supporting startups and businesses that would bring real-world utility to Pi. The fund is backed by both Pi and USD, and it’s supposed to help grow the Pi ecosystem by funding projects across different industries.

They presented this as a big step forward to speed up the development of useful apps and make Pi more usable in everyday life. The announcement can be found in the Pi app, right on the home screen.

But Here’s Why People (Including Me) Are Upset

A well-known crypto analyst, Dr. Altcoin, took to social media and didn’t hold back. He called the move a “betrayal” of the community. He pointed out that this $100 million fund is being used to do what the Core Team had promised years ago—create real DApps—but now at the expense of the community that kept the project alive for six years.

He summed it up perfectly: “We waited, we believed, and we contributed.” And now, instead of recognizing that effort, the team is focusing on flashy new projects without properly rewarding or acknowledging the people who built Pi from the ground up.

To make things worse, most of us never even earned 1,000 because the Core Team didn’t include referral bonuses, which were a major part of early growth. That decision alone has made many Pioneers feel like their efforts meant nothing.#CryptoRegulation #BinanceHODLerNXPC #BinanceAlphaPoints #BinanceAlphaAlert #CryptoCPIWatch