Pi Network’s Pi Coin Price Drops 10% Despite Launching $100M Venture Fund

Pi Network’s Pi Coin has seen a drastic 10% drop in price over the past 24 hours despite Pi Network announcing a $100 million investment in startups as it launched the Pi Network Ventures.

Pi Network’s (PI) token has seen a drastic 10% drop in price over the past 24 hours after the crypto startup announced a $100 million investment in startups as it launched Pi Network Ventures.

Initially, the announcement sparked optimism among investors but the market quickly turned bearish.

As a result, PI is now trading at $0.803, down from a recent high of $1.65.

This sharp decline suggests a classic “sell the news” reaction, with technical indicators pointing to further downside risks.

The Pi Network Ventures launch

On May 14, Pi Network launched Pi Network Ventures, a fund that will invest up to $100 million to support startup innovation.

The fund, held in PI and USD, will focus on ventures that enhance the real-world utility of PI.

This includes startups in AI, FinTech, e-commerce, and other sectors who are integrating PI into their operations.

The initiative is being funded by the Pi Foundation, drawing a portion of its 10% token reserves for the purpose.

Ultimately, the goal is to transform PI into a widely used cryptocurrency.

However, the lack of details on how the startups will be selected has frustrated investors and led to a souring of market sentiment following the announcement.

Additionally, the fund’s focus isn’t limited to blockchain startups, encompassing ventures across general tech sectors.

In this regard, it closely resembles the Silicon Valley venture capital firms that are investing in startups.

This broad approach aims to strengthen Pi’s ecosystem for its 19 million KYC-verified users.

But despite these ambitions, the announcement failed to sustain bullish momentum and instead saw PI’s price drop by 26.2% within 24 hours of the news.

Furthermore, community complaints about slow migration processes after the Pi Network mainnet launch added to the selling pressure.

Despite this, the initiative will provide startups with access to Pi’s global user base in 200+ countries, which could drive long-term adoption, although the immediate market reaction is overwhelmingly bearish.

PI coin price prediction

At press time, PI is trading at $0.803, down 10.6% over the past 24 hours according to CoinGecko data.

Significantly, the price has breached the critical $1 psychological support level.

Moreover, technical analysis reveals a bear flag pattern on the 2-hour chart.

Consequently, this pattern signals potential further declines to $0.75 or even $0.57.

Additionally, the 21-period EMA has crossed below the 50-day and 200-period EMAs, reinforcing bearish signals.

However, the Relative Strength Index (RSI) indicates oversold conditions, hinting at intense selling pressure.

A bullish market reversal could push PI toward $1.25, aligning with the 0.618 Fibonacci level.

Despite recent losses, PI remains 11.8% above where it was seven days ago, despite being 73.1% below its all-time high of $2.99 from February 2025.

Furthermore, trading volume has surged 14%, comprising a portion of the $5.75 billion market cap.

This heightened activity underscores the market’s reaction to the Ventures announcement, and going forward, the failure of Pi coin to reclaim $1 could intensify bearish momentum.

Conversely, a broader crypto market rally might bolster PI’s recovery, and traders should monitor the 50-day and 200-day EMAs as key resistance levels.

Ultimately, PI’s short-term outlook depends on market sentiment and ecosystem developments.