Pi Network (PI) Price Dwindles Below $1 After the Launch of Pi Network Ventures

Pi Network's (PI) road since transitioning into the mainnet has been nothing short of a challenge.

Pi Network’s (PI) road since transitioning into the mainnet has been nothing short of a challenge. Soaring to a $2.99 all-time price record one week into launch, Pi coin steadily backtracked all the way to $0.40 on April 5, 2025.

With the annual Consensus crypto conference kicking off yesterday, the Pi holder community, popularly known as the Pioneers, expected a major move by the core team. The building-up anticipation has restored the crucial threshold of $1, but not for long.

Here’s Why Pi Coin Dwindled Below $1

After hitting the new monthly peak at $1.57 on May 12, 2025, Pi coin price kept steady around the $1.20 major demand territory until the Pi core team made a statement during the conference in Toronto, Canada.

Pi Network Ventures has officially launched—a $100 million initiative, held in Pi and USD, to invest in startups and businesses that advance the utility and real-world adoption of Pi. Go to the Pi mining app home screen to learn more.This strategic program intends to invest in… pic.twitter.com/XoRy7jQGcJ

During Consensus 2025, Pi Foundation announced the launch of Pi Network Ventures, which is a $100 million fund centered around real utility and Pi Network adoption. The venture deeds e-commerce, blockchain gaming, artificial intelligence (AI) and social media as main fields of investing.

However, the Pi Network news didn’t sit well with the loyal audience of Pi miners across social media channels.

To illustrate the frustration, Dr. Altcoin, a usual Pi network advocate, exclaimed that the “Pi Core Team announcement about Pi Network Ventures is nothing short of a betrayal to the pioneer community, the very people who built this project from the ground up over the past six years.”

Today the Pi Core Team announcement about Pi Network Ventures is nothing short of a betrayal to the Pioneer community, the very people who built this project from the ground up over the past six years.We waited, we believed, and we contributed under the promise of time was…

Additionally, the poll that went along with the message on X asked how do the Pioneers feel about the major Pi core team announcement. And so, the majority of 60.6% voters claim to feel “very disappointed”, while nearly 29% were “very happy” with the announcement.

Key Reasons Behind Pi Coin Holder Rage

Namely, this disappointment stems from the lack of functioning decentralized applications (dApps) on Pi’s mainnet. Dr. Altcoin mentioned the promises of a 100-strong decentralized ecosystem, but the core team just announced these will just be starting to be built with the $100 million Pi development fund.

Last but not least, Dr. Altcoin, a profound Pi coin community voice, stated that out of 70 million Pioneers over 94% didn’t acquire even 1,000 Pi coins during those six years. Blaming the team’s refusal to reward referral bonuses, Dr. Altcoin used it as a perfect example of how Pi Network’s community efforts are “undervalued”.

On The Flipside

Why This Matters

Pi Network encircles over 70 million crypto enthusiasts across the globe, united in a vision to build a full-fledged decentralized ecosystem on the mobile-mining chain.

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