šØ Why Pi Coin Price Dropped Over 20% Despite $100M VC Fund Launch? š
Pi coin is down sharply today, plunging over 20% to $0.69, indicating that the Pi community was not impressed with the major ecosystem announcements during Consensus 2025.
The Pi Network revealed this week that the $100 million venture capital fund to fund startups building on Pi is now active.
However, the news failed to stabilize price action, with the token shedding billions in value.
At the time of writing, Pi coin price now sits at $0.69, with a 24-hour trading volume of $572 million. This surge in volume is almost 45%, pointing towards panic selling as the market cap has gone down from 6.72 billion to $4.93 billion within 24 hours.
As per the Pi Core Team, the $100M Pi Network VC fund will be used to invest in AI, fintech, marketplaces, and other sectors integrating Pi.
The fund is backed by Pi Foundation reserves and is to support early to late-stage startups to promote Pi adoption in the real world.
The short-term market response has been brutal despite that the fund tried to show long-term commitment from the core team.
Investors expected the VC news to push Pi higher. But instead, the announcement created a āsell-the-newsā moment. Some users speculate the Pi coin price crash reflects concerns about overvaluation, with a $69B FDV despite only 7.15B tokens in circulation.