Pi Coin Plummets 33%, Sparks Community Outcry over VC Fund and Lack of DApps

Pi Coin experienced a significant price drop of 33% in just hours after Pi Network announced the creation of a $100 million venture capital fund. The news sparked outrage among users who voiced frustration over its lack of dedicated applications (DApps) and criticisms of the company’s reward system. A 5.2 million coin unlock event also contributed to market volatility, adding fuel to the growing discontent.