Pi Network's price plummeted 33% in just a few hours after the project announced a $100 million venture fund (VC fund)

Pi Network's price plummeted 33% in just a few hours after Pi Network announced a $100 million venture fund (VC fund) on May 15, 2025 yesterday.

The price of Pi Network (PI) dropped 33% in just a few hours after the crypto project announced a $100 million venture fund (VC fund) on Monday, May 15, 2025.

The announcement sparked backlash from the Pioneer community who are disappointed with the lack of decentralized applications (DApps) that actually work.

Previously, Pi Network (PI) coin had touched a high of $1.50 earlier this week. But now, its value has dropped by around 45%, erasing almost all the gains made throughout the week.

Then, how will the Pi Network price move today?

Pi Network Price Rises 1.7% in 24 Hours

On Tuesday, May 16, 2025, the price of Pi Network (PI) was recorded at $0.86, having risen 1.7% in the last 24 hours. If converted into today’s rupiah ($1 = IDR 16,409), then 1 Pi Network is IDR 14,112.

Last 24 hours, PI price moved in the range of $0.8363 to $0.9357.

Currently, PI’s market capitalization stands at $6.14 billion, with a fully diluted valuation (FDV) of $9.45 billion.

Trading volume in the last 24 hours stood at $506 million, indicating that market interest is still quite high.

Why is Pi Network’s price plummeting despite $100 million in VC funding?

On Wednesday, the Pi Network core team announced the launch of Pi Network Ventures, a $100 million venture fund to fund projects and startups building decentralized applications (DApps) in the Pi ecosystem.

But instead of being met with positivity, this announcement was met with criticism from the Pioneer community.

Community members feel disappointed that to date there isn’t a single DApp that actually works on the Pi platform, even though the project has been running for six years.

One of the well-known figures in the Pi community, Dr. Altcoin, expressed his disappointment with the announcement.

“Today’s announcement of Pi Network Ventures by the core team is nothing short of a betrayal of the Pioneer community—the people who built this project from scratch over the past six years. We waited, we believed, and we contributed with the promise that time was needed to build a robust ecosystem with 100 real, working DApps. Now, six years later, we’re being told that the promised DApp doesn’t even exist.”

This disappointment became one of the main factors that triggered a sharp drop in Pi Coin’s price, despite the fact that the launch of such a large fund should normally be viewed as a positive development.

The reality that old promises have not been fulfilled seems to have more impact on market confidence.

Is The Pi Network Team Starting To Neglect The Core Community?

Community leader, Dr. Altcoin, has again launched scathing criticism against the Pi Network core team. He claims that the core team has started to disregard key community members and do not value their contributions over the years.

According to him, more than 94% of Pioneers failed to collect 1,000 Pi tokens due to the core team’s perceived reluctance to provide referral bonuses fairly.

“It’s not just unfair; it’s clear evidence that the community’s contributions have been undervalued,” said Dr. Altcoin.

The Pioneer community alone consists of over 70 million members in 200 countries, which over the years has been the main foundation of Pi Network’s growth. However, Dr. Altcoin believes that Pi Network’s grand ambitions to reach the global market are coming at the expense of the interests of the core community who built the project in the first place.

“The silence of Pi’s core team towards protecting the interests of its community is striking. Pioneers are not just users—we are the stakeholders, the foundation, and the reason Pi Network exists,” he highlighted.

Amidst the community’s discontent, crypto exchange Binance also took a shot at Pi Network.

In an attention-grabbing statement, Binance stated that Pi developers have “zero sense in design.” Many suspect this is a signal that Pi Coin will not be considered for listing on Binance anytime soon.

This situation reinforces the concern that Pi Network is drifting further away from its own community—a community that has believed in, built, and promoted the project to the rest of the world since its inception.

Pi Coin Thrown Off the Top 20 Crypto List

After experiencing a price spike of up to $1.5 earlier this week, Pi Coin’s market capitalization soared to $11.12 billion, pushing