PI Token Dives 28% to $0.88 Despite $100M Ecosystem Fund Launch

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-15 13:29:11

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

Pi Network’s native cryptocurrency experienced a sharp 28% decline to $0.8811 amidst broader market weakness. This sell-off occurred despite the recent launch of Pi Network Ventures - a $100 million development fund aimed at accelerating platform growth.

Traders appear to be taking profits following PI’s recent surge, though the token remains up 41% on weekly charts. Technical analysis suggests the correction may continue until overbought conditions are resolved.

The volatility highlights Pi Network’s ongoing evolution from mining project to full blockchain ecosystem. While short-term fluctuations continue, the venture fund demonstrates long-term institutional support for the platform’s infrastructure development.

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