Pi Network’s Price Slump Raises Concerns About Future Potential

Pi Network has experienced a dramatic price drop, plummeting 92% to $0.2130 from its peak valuation. Despite recent developments including a $100 million ecosystem fund and a new Pi AI Studio platform aimed at fostering AI tools on the network, this decline continues, leaving many questioning the project’s future trajectory. The Valor Pi Fund in Sweden raised just $5,000 after two months of operation, raising concerns about the effectiveness of these initiatives. A crucial testnet designed for decentralized exchange systems also failed to generate the anticipated interest.