Pi Network Drops 33%, Falls Below $1 Amid Accusations of Betrayal from Community

By: cryptonews|2025/05/15 10:30:08
0
Share
copy
Pi Network, which recently surged to $1.40 following a 100% price jump, has now fallen by 33%. The token is currently trading at around $0.86. The sharp drop comes after a May 14 announcement from the Pi Core Team that left many supporters disappointed and angry. What Happened? On May 14, the Pi Core Team announced the launch of Pi Network Ventures—a $100 million investment program designed to support startups and businesses that will help bring real-world use to the Pi cryptocurrency. The fund, held in both Pi and U.S. dollars, aims to back innovative projects across various industries to grow the Pi ecosystem. Users can learn more about the program directly from the home screen of the Pi Network app. The team described the move as a “pivotal step forward” meant to speed up the creation of useful apps and encourage adoption of Pi in everyday life. Why Are People Upset? Crypto analyst, Dr. Altcoin, criticized the announcement on social media, calling it “nothing short of a betrayal.” He said the update, which introduced a new project called Pi Network Ventures, ignored the hard work and loyalty of the community that helped build Pi over the last six years. “We waited, we believed, and we contributed,” Dr. Altcoin wrote. “Now we’re told that the real DApps (decentralized apps) the team promised still don’t exist—and that $100 million in value will be used to finally build them. That value came from the trust and efforts of the Pioneer community.” He also pointed out that most users, known as Pioneers, didn’t even earn 1,000 Pi tokens due to the team’s decision not to reward referral bonuses. “This is unfair and shows how the community’s work has been undervalued,” he said. With over 70 million users across more than 200 countries, Pi Network grew into a global movement—driven not by investors, but by its people. Now, many Pioneers feel left behind as the Core Team focuses on big ambitions and new projects. “The silence from the Core Team is deafening,” Dr. Altcoin added. “Pioneers aren’t just users—we’re the foundation of Pi Network.”

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more