Pi Network Faces Major Plunge After Allegations of Betrayal

Pi Network, which experienced a dramatic surge in value recently reaching $1.40, has now suffered a 33% decline, plummeting to around $0.86. This sharp drop follows the Pi Core Team’s announcement on May 14th that introduced Pi Network Ventures—a $100 million investment program aimed at supporting startup businesses and driving real-world use for the Pi cryptocurrency. While the move was touted as a pivotal step towards faster app creation, it has left many supporters, known as Pioneers, feeling betrayed.