Pi Network's Price Plummets 33% After Announcing a $100 Million Venture 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 token announced a $100 million venture fund (VC fund) on Monday, May 15.

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

Previously, Pi Network (PI) coin had touched a high of $1.5 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?

The price of Pi Network (PI) was recorded at $0.86 on Tuesday (16/5), 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.

In the 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 aimed at funding projects and startups building decentralized applications(DApps) in the Pi ecosystem.

But instead of being welcomed positively, this announcement was heavily criticized by the Pioneer community.

Many community members feel betrayed that to date there hasn’t been 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.

According to him, more than 94% of Pioneers failed to collect 1,000 Pi tokens due to the core team’s 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 at the expense of the interests of the core community that 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 emphasized.

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

This is what happens when devs touch art with 0 design sense. pic.twitter.com/8kzFW8KcEM

In an attention-grabbing statement, Binance said 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 further encircles Pi Network in a bleak aura, as it seems to be 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, overtaking both Litecoin and Bitcoin Cash.

However, the euphoria didn’t last long. In the last three days alone, Pi Coin’s market value has shrunk by almost $5 billion, indicating that the hype from the latest announcement is quickly dissipating.

Another factor contributing to the price drop is the unlocking of 5.2 million tokens, which sparks fears of potential selling pressure. Traders are expecting more volatility before Pi Coin can break the $1 mark again.

This situation highlights that the hype generated by the Pi Network core team may not be sufficient to sustain the trust of the Pioneer community. Disappointment arises as the big promises are not yet met with tangible achievements.

Now, all eyes are on Pi Network Ventures's next move—whether they can deliver stellar projects that will quickly restore market sentiment and ultimately prove that the Pi ecosystem is viable for the future.