Why Pi Network’s $100 mln move did not reflect on PI’s price

• PI Network has launched a fund of $ 100 million to push through the use of PI in the real world-but the price.
• Restrictions continue to question the long -term credibility of the project.

Pi network [PI] He launched a risk fund of $ 100 million, which supported 10% of his own PI coins, in an effort to shake his reputation as a brick garden.

The fund focuses on startups AI, FINTET and Web3 – a big step, at least on paper. But within 24 hours, the coin has decreased by more than 30%, so it sees the market through ambitions?

Pi Network: 100m pressure to use the real world

After months of limited visibility and slow movement, the PI Foundation has notified PI Network Ventures, a fund of $ 100 million aimed at driving a token in the real world.

The Fund, which is supported by 10% of the total PI offer, will focus on the beginning of the B series in sectors such as AI, FINTE, ECOMMERCE and CONSUMER Apps.

Importantly, most of the investments will be carried out in PI rather than Fiat, which indicates a commitment to the growth of ecosystems – but also raises questions about liquidity, risk and whether projects really decide to choke over traditional capital.

Price Falls, Oi Cools

Despite the announcement of the Fund of the Pi Foundation of $ 100 million 14. May, the market sentiment quickly changed. PI dropped by 30% in the immediate consequence, from Maxim above $ 1 to approximately $ 0.88.

The open interest in Pi Futures has decreased over the last week.

After March 1, it reached a peak of around $ 11.2 million, the open interest up to 19 March was constantly dropping to approximately $ 4 million – a significant reduction in the participation of traders.

Although the price of the token was initially above $ 2.00 at the beginning of March, since then it has dropped below $ 1.40. While Token saw a short increase around 13 March, the price and OI have since fallen in Tandem.

Perhaps the previous assembly could be supported by more short -term speculation than permanent confidence in the long -term project trajectory.

Questions persist

PI Network has created its massive user base – allegedly over 50 million – through an application for mobile mining that promised a future tool.

The closed network model of the project caused criticism for lack of transparency and integration in the real world.

While the new $ 100 million fund suggests a beer for open adoption, skeptics say it can be more PR than progress.

Given that Mainnet Pi has just become open, questions about intent and implementation are likely to persist for a while.