Why Pi Coin Price Dropped Over 20% Despite $100M VC Fund Launch?

Quick Summary:

The Pi Network revealed this week that the $100 million venture capital fund to fund startups building on Pi is now active.

Pi coin is down sharply today, plunging over 20% to $0.69, indicating that the Pi community was not impressed with the major ecosystem announcements during Consensus 2025.

This surge in volume is almost 45%, pointing towards panic selling as the market cap has gone down from 6.72 billion to $4.93 billion within 24 hours.

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Category: Crypto

Markets: India

Topics: Pi Coin Crypto Market 24/7 Cryptocurrency News Pi Network

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 11:26:41 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 176 words

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Copyright Owner: © CoinGape

News ID: 28762506

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