Pi Coin Value Plummets 33% After VC Fund Announcement

The value of Pi Coin experienced a significant drop, plummeting 33% after the launch of a $100 million venture capital fund. This unexpected decline has sparked frustration amongst the network’s users, who feel let down by the lack of tangible progress on developing promised decentralized applications (DApps). Despite the initial excitement surrounding the Pi Network and its ambition to drive real-world adoption, the community remains disillusioned. 6 years after launching, DApps remain absent. The fund announcement serves as a major setback for users who have invested their time and trust in the project.