pi network
PiPrice Drops 33%, Falls Below $1 – Community Feels Betrayed
Pi Network’s price recently went up to $1.40, but now it has dropped to around $0.86—a 33% fall. This big drop happened after an announcement on May 14 that upset many people in the Pi community.
What Did the Pi Team Announce?
The Pi Core Team said they are starting something called Pi Network Ventures. It’s a $100 million investment program to help new businesses that will use Pi in real life. The money will be in both Pi and U.S. dollars. The team hopes this will help more people use Pi and build useful apps.
You can find more details about this on the Pi Network app’s home screen. The team said it’s an important step to make Pi more useful.
Why Are People Angry?
Some users feel let down. A crypto expert named Dr. Altcoin said the team forgot about the loyal users who helped Pi grow over the past six years.
He wrote, “We waited and worked for years. Now we’re told the real apps we were promised still don’t exist. And $100 million will now be used to make them. That money comes from the trust of the community.”
He also said that many users (called Pioneers) didn’t even earn 1,000 Pi coins, because referral rewards were taken away. “It’s not fair and shows that our work wasn’t appreciated,” he said.
Pi Network has more than 70 million users around the world. It grew because of the community—not investors. But now, many users feel forgotten, while the Pi team focuses on big business ideas.
Dr. Altcoin added, “The team isn’t talking to us. Pioneers are not just users—we’re the heart of Pi Network.”$PIVX
Pi Network’s price recently went up to $1.40, but now it has dropped to around $0.86—a 33% fall. This big drop happened after an announcement on May 14 that upset many people in the Pi community.
What Did the Pi Team Announce?
The Pi Core Team said they are starting something called Pi Network Ventures. It’s a $100 million investment program to help new businesses that will use Pi in real life. The money will be in both Pi and U.S. dollars. The team hopes this will help more people use Pi and build useful apps.
You can find more details about this on the Pi Network app’s home screen. The team said it’s an important step to make Pi more useful.
Why Are People Angry?
Some users feel let down. A crypto expert named Dr. Altcoin said the team forgot about the loyal users who helped Pi grow over the past six years.
He wrote, “We waited and worked for years. Now we’re told the real apps we were promised still don’t exist. And $100 million will now be used to make them. That money comes from the trust of the community.”
He also said that many users (called Pioneers) didn’t even earn 1,000 Pi coins, because referral rewards were taken away. “It’s not fair and shows that our work wasn’t appreciated,” he said.
Pi Network has more than 70 million users around the world. It grew because of the community—not investors. But now, many users feel forgotten, while the Pi team focuses on big business ideas.
Dr. Altcoin added, “The team isn’t talking to us. Pioneers are not just users—we’re the heart of Pi Network.”$PIVX
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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