$100 million fund but no ecosystem yet
After many days of waiting, the Pi Network cryptocurrency project continues to disappoint the user community after announcing the establishment of a $100 million investment fund called Pi Ventures. While many players expected this event to mark a new turning point, helping Pi price recover and the ecosystem expand, in reality, this digital currency continues to fall sharply and no more practical applications have been deployed. The latest moves from the Pi Core Team (PCT) development team are seriously testing the community's trust, as expectations are continuously poured cold water.
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| Pi Core Team announced the establishment of Pi Ventures on May 14. Screenshot |
In early April, the Pi Network development team (Pi Core Team) announced that it would launch a new ecosystem on May 14, an event considered an important milestone after more than two months since the network entered the Open Network phase. However, instead of introducing a specific application platform or product, the Pi Core Team only announced the establishment of the Pi Network Ventures fund, a $100 million initiative in Pi and USD to invest in startups and businesses that can apply Pi in practice. At the same time, the team also announced the Pi Foundation, a non-profit organization that focuses on the long-term development of the Pi ecosystem.
This information immediately caused mixed reactions among the community of participants. On forums, Facebook groups and social networking platforms, many people expressed disappointment that the project did not bring any practical applications or new Dapps as promised. Some people thought that this was just a move to stall for time, continuing to prolong the project's roadmap, which has been delayed for more than six years.
Mr. Pham Van Nghia, a member of Pi Network since 2022, shared: “I used to think that after May 14, the price of Pi would increase sharply when they promised to announce a new ecosystem. But in the end, it was just an investment fund without seeing any specific projects or applications. I owned more than 500 Pi in my wallet and bought more than 800 USD Pi last month, now I am really disappointed”. Similarly, Mr. Tran Si Khang, a member who has been with the project for more than four years, frankly said: “I have not seen the Pi Core Team seriously develop the ecosystem. Everything is too slow and lacks transparency. This fund announcement is just a way to prolong the project with promises”.
After two days of impressive price growth, Pi Network has unexpectedly returned to a price correction phase. The excitement in the trading market during the previous period of strong growth has rekindled confidence in the community. From more than 1.6 USD before May 14, Pi price fell sharply to around 0.76 USD just a few days after the announcement. Notably, the decline occurred right at a time when community expectations were at a high level, causing further confusion among retail investors.
Trap of price increase and then sell off?
Another notable point is that the frustration of the Pi community is not new, but has been repeated many times before. Notably, in February 2025, Binance held a vote for users to decide whether to list Pi Network or not. Although the results showed 87.1% agreed, Binance has remained silent about listing this project so far. At that time, Pi's price had jumped to more than 3 USD due to expectations, then quickly dropped to 0.45 USD after Binance did not make an official announcement.
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| Is Pi Network having a price increase and then dumping trap? |
Mr. Nguyen Minh Tri recalled: “In February, everyone thought Binance would agree to list because the vote was so overwhelming. I intended to buy more but luckily I was cautious. After that, the price of Pi dropped terribly, many people suffered losses. Now Pi has dropped sharply after announcing the investment fund, I dare not take any more risks.”
It seems that Pi Coin is still operating according to a familiar psychological rule in the cryptocurrency market. Before each major event or important announcement from the development team, the price of Pi often records short-term increases, stemming from optimistic expectations of the user community and investors. However, when the official announcement time is near or immediately after the information is released, profit-taking pressure often suddenly increases, leading to strong sell-offs and causing the price of Pi to plummet.
This phenomenon clearly reflects the short-term investment psychology that still dominates most of the price fluctuations of Pi Coin. At the same time, analysts also warn of the possibility of “pump and dump” activities (ie price increase traps and then sell off) that are quietly taking place in the community. Especially on unofficial exchanges, where Pi is not officially listed and lacks liquidity control and transaction monitoring.
According to experts, if there is no real change in the ecosystem and practical applications, the prospect of Pi price continuing to repeat the cycle of overheating before the event and deep adjustment afterwards is completely predictable. Each time information is released without accompanying useful products or services, Pi loses more trust from the community, increasing the risk for investors holding long-term positions.
The BeInCrypto analysis site also recently commented that Pi Network is gradually losing its appeal to investors as actual products and services have yet to take shape after more than six years of development. The price of Pi reached a peak of 3 USD in February 2024 but has continuously decreased, at times to 0.45 USD. Currently, this currency is mainly traded internally on unofficial exchanges, is susceptible to price manipulation and lacks liquidity.
Given this situation, financial experts advise investors to be extremely cautious with temporary price increases in cryptocurrencies, especially projects with unclear practical applications. Investors should not invest in cryptocurrency projects based solely on rumors or promises of investment funds without specific products. Unlisted cryptocurrencies pose many risks in terms of liquidity, legality and transparency.
| In the context of the global cryptocurrency market undergoing a strong adjustment period, under close supervision from international regulatory agencies, the lack of transparency and stagnation of Pi Network is raising great concerns in the investment community. If the project continues to delay its roadmap, lack of real products and ecosystem as promised, the risk of Pi losing more value and the user community withdrawing is entirely possible in the near future. |
Source: https://congthuong.vn/cong-bo-quy-tram-trieu-pi-network-van-gay-that-vong-lon-387982.html
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