Pi Network Plummets 92%, Despite Major Announcements

The Pi Network (PI) experienced a steep decline, plummeting 92% to $0.2130 from its all-time high. This significant drop occurred despite recent announcements that included a $100 million ecosystem fund and the introduction of the Pi AI Studio platform. Despite these efforts, the network failed to generate strong price support. New funds for the network have not been allocated to projects yet.