Pi Coin Price Drops After Funding Announcement, Consolidation Phase Begins

Pi Network recently launched a $100 million venture fund dedicated to supporting startups utilizing Pi coin in real-world applications like AI, fintech, and e-commerce. This move reflects optimism for the long-term potential of Pi coin, but price has dipped following the announcement, disappointing investors. The recent sale of approximately 30 million Pi tokens by the Pi Core Team further contributes to market uncertainty. Investors are now questioning where the cryptocurrency’s trajectory will head in the short term as it enters a consolidation phase following this major token release.