Pi Network Launches $100 Million Fund to Boost Real-World Use of Pi Coin

Pi Network has unveiled a $100 million fund aimed at supporting startups that will leverage the Pi cryptocurrency for practical, real-world applications. This initiative, backed by 10% of the Pi tokens allocated to the non-profit Pi Foundation, seeks to transition Pi from a primarily mined asset to a widely adopted currency integrated into daily life. However, the announcement was met with market response that included significant losses in Pi Coin’s value. 🤯 After briefly exceeding $1.50, Pi is currently trading around $0.88, potentially impacting its ranking within the top 20 cryptocurrencies.