🧧#PiNetwork token #Pi continued to decline despite positive ecosystem developments🧧
On May 14, the Pi Network announced for creation of a venture fund, that will invest $100 million in ecosystem startups. According to the Foundation, the goal is to accelerate real-world use cases on the chain and boost long-term value.
Yet, despite this positive developments, on May 16, Friday, the token was down by 0.63% to $0.9062, marking a 44% decline from its recent high of $1.62 on 14 May.
The upward trend appeared on 14 May was, obviously, a result of hype on the announcement, but that didn’t last long due high selling pressure among the #Pioneers . It seems, until its listing on #Binance , the volatility in the price of #Pi will continue.
