Pi Network (PI) Price Drops 13% After $100M Ecosystem Fund Announcement

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-05-14 17:18:12

[TRADE_PLUGIN]PIUSDT,PIUSDT[/TRADE_PLUGIN] PI News -

Pi Coin (PI) dropped sharply to $1.06, wiping out 35% of its weekly gains as its market cap fell from $10 billion to $7.5 billion. The decline followed Pi Network Ventures’ launch of a $100 million fund aimed at supporting retail and finance startups on its blockchain.

Traders executed a classic ’buy the rumor, sell the news’ strategy, taking profits after pre-announcement speculation. Despite the ambitious scope of the ecosystem fund, it failed to maintain bullish momentum in the market.

By:

Log in to Reply

Gary Gensler Exposed: Secret Crypto Support, Public Crackdown – McHenry Explains

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.