Pi Token Slides After Major Announcement Fails to Boost Prices

The Pi Network token saw a decline on Friday following a major announcement that failed to meet market expectations. While the announcement of a $100 million venture fund aimed at accelerating real-world use cases for the Pi network was expected to bring price support, it did not have an immediate effect. This resulted in the token experiencing a 50% drop after the initial rally that followed the announcement, with many traders reacting negatively to the move. However, the token has since stabilized and is currently trading at levels seen before the decline.