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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- May 15, 2025 01:46 UTC
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Pi Network Drops 33%, Falls Below $1 Amid Accusations of Betrayal from Community
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PI $ 0.7324 (1.76%) 
Pi Network's Price Volatility: Pi Network's token surged to $1.40 but crashed 33% to $0.86 after a controversial May 14 announcement, sparking community backlash.
Pi Network Ventures Disappoints: The $100M Pi Network Ventures fund aims to boost Pi's ecosystem, but Pioneers feel betrayed, claiming their efforts are undervalued.
Pi Network, which recently surged to $1.40 following a 100% price jump, has now fallen by 33%. The token is currently trading at around $0.86. The sharp drop comes after a May 14 announcement from the Pi Core Team that left many supporters disappointed and angry.
What Happened?
On May 14, the Pi Core Team announced the launch of Pi Network Venturesโa $100 million investment program designed to support startups and businesses that will help bring real-world use to the Pi cryptocurrency. The fund, held in both Pi and U.S. dollars, aims to back innovative projects across various industries to grow the Pi ecosystem.
Users can learn more about the program directly from the home screen of the Pi Network app. The team described the move as a “pivotal step forward” meant to speed up the creation of useful apps and encourage adoption of Pi in everyday life.
Why Are People Upset?
Crypto analyst, Dr. Altcoin, criticized the announcement on social media, calling it “nothing short of a betrayal.” He said the update, which introduced a new project called Pi Network Ventures, ignored the hard work and loyalty of the community that helped build Pi over the last six years.
โWe waited, we believed, and we contributed,โ Dr. Altcoin wrote. โNow weโre told that the real DApps (decentralized apps) the team promised still donโt existโand that $100 million in value will be used to finally build them. That value came from the trust and efforts of the Pioneer community.โ
He also pointed out that most users, known as Pioneers, didnโt even earn 1,000 Pi tokens due to the teamโs decision not to reward referral bonuses. โThis is unfair and shows how the communityโs work has been undervalued,โ he said.
With over 70 million users across more than 200 countries, Pi Network grew into a global movementโdriven not by investors, but by its people. Now, many Pioneers feel left behind as the Core Team focuses on big ambitions and new projects.
โThe silence from the Core Team is deafening,โ Dr. Altcoin added. โPioneers arenโt just usersโweโre the foundation of Pi Network.โ
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FAQs
Pi’s price fell 33% after a May 14th announcement of Pi Network Ventures, a $100M investment program, disappointing users awaiting mainnet launch and DApps.
Pi Network Ventures is a $100 million fund to invest in startups building on the Pi ecosystem, aiming to drive real-world use of the cryptocurrency.
If the bullish sentiment sustains, the PI value could reach as high asย $2.1007ย this year.
Yes 
No 
