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The Pi Network price dived this week as the much-anticipated ecosystem event failed to excite its holders.

Pi Coin Pi Network

pi

-15.23%

Pi Network dropped to $0.8115 on Thursday, March 15, down 47% from its highest point this week and 70% below its all-time high. Its market cap has plunged from a record $19 billion in February to $6.31 billion as of May 15.

Pi dropped after the developers announced the launch of Pi Ventures, which will invest $100 million in startups. It will focus on areas like fintech, artificial intelligence, e-commerce, gaming, and other areas