Pi Network Launches a $100 Million Fund to Support Real Projects That Use the Pi Coin

Pi Network has recently launched a $100 million fund to support real projects that use the Pi coin. However, despite this move showing optimistic intentions, the coin's price declined after the announcement, much to the dismay of investors.

A crypto analyst has accused the Pi Network core team of misleading the community and performing a silent “rug pull”.

In a recent investigative report, Dr. Altcoin claimed that the team used hype and false narratives to inflate the coin’s price, before selling at the peak.

The Pi Network core team recently generated significant hype around Pi—especially with the Consensus 2025 event and the “Pi Ecosystem” announcement. This hype pushed the price up from $0.40 to $1.60.

However, another crypto analyst had already warned that a crash to $0.40 was still coming, despite a 7% surge for the coin today (May 19).

After six years of development, Pi Network has finally launched a $100 million fund to support real projects that use the Pi coin.

The analyst highlighted a video from March, in which the wife of one of the founders of Pi Network said that it took six years to build the Pi ecosystem and ensure its functionality.

However, he argued that real usability and decentralized applications (DApps) are still in the development stage, and are just starting to be funded through Pi Network Ventures.

The new fund was launched on May 14, when many expected a full mainnet launch—much to the disappointment of backers.

According to the analyst, the Pi core team leveraged its user base, known as “Pioneers”, for free promotion until funding was secured. But now, the term is no longer used by the team.

The community’s concerns were further heightened after it was revealed that all Pi coins were pre-mined, something that most users were not aware of. In addition, most of the KYC process is now handled by AI.

Most worryingly, the Pi core team is known to control 89% of the total token supply, sparking fears of a potential massive selloff, such as what happened with Terra Luna.

Moreover, the analyst alleges that the team deliberately hyped up the period ahead of the Consensus 2025 event, pushing the Pi price up from $0.40 to $1.60 with promises of a thriving Pi ecosystem and 100 DApps ready to launch.

However, behind the scenes, the team is believed to have sold tens, if not hundreds of millions of dollars of Pi tokens when the price was at its peak, while users were distracted by the optimistic updates being delivered.

Since then, the price of Pi has dropped by almost 50% and is now trading in the $0.80 range—possibly even going back to $0.40.

As there were no major updates regarding the mainnet launch, the analyst stated that the team had effectively pulled a “rug pull” on the community, taking huge profits without delivering on development promises.

If these allegations prove to be true, then this would be a major violation of the trust of Pi’s early adopters, who believed in long-term value and fair distribution from the start.