Pi Coin Plunges Following Venture Fund Announcement: Doubts Surrounding Its Future

Recent volatility in Pi Coin’s market value has sparked concerns about its future. Following the announcement of a $100 million venture capital fund, the cryptocurrency experienced a dramatic 33% decline, resulting in a 45% drop from earlier this week. Community members expressed skepticism regarding the timing and impact of the initiative after six years of development without substantial DApp development. Dr Altcoin, a prominent Pi community member, voiced his concerns, suggesting it felt like a betrayal to those who have contributed significantly to the ecosystem’s growth.