- Pi Network extends losses significantly below $1.00 after reaching a high of $1.66 on Monday.
- Pi Network Ventures launches a $100 million fund in Pi and USD to invest in startups.
- Decreased community confidence causes sharp losses as the Pi Network team fails to meet expectations.
The price of Pi Network (PI) suffers substantial losses as it trades around $0.84 on Thursday, decoupling from the broader consolidation in the market. The massive drop from Monday’s peak of $1.66 comes after the team announced a $100 million investment initiative on Wednesday, aimed at startups.
Pi Network Aims at Startups with a $100 Million Investment Fund
On Wednesday, the Pi Network team announced that the project will begin investing in “startups and businesses that advance the utility and real-world adoption of Pi.” The strategic program aims to invest in high-quality startups and companies spanning various sectors, but most importantly, to lead innovation and growth in the ecosystem.
The Pi Network team hopes that supporting noble initiatives will accelerate utility creation and advance real-world integration.
Despite Pi Network promoting its initiative as “a crucial step forward,” the price of PI has plummeted, erasing gains from Monday’s high of $1.66, falling more than 30% in 24 hours to $0.84, reflecting sharp market skepticism.
Pi Network Ventures has officially launched—a $100 million initiative, held in Pi and USD, to invest in startups and businesses that advance the utility and real-world adoption of Pi. Go to the Pi mining app home screen to learn more.
This strategic program intends to invest in… pic.twitter.com/XoRy7jQGcJ
— Pi Network (@PiCoreTeam) May 14, 2025
Community users expressed mixed reactions, some praising the idea as a great initiative for the ecosystem, but sentiment remained negatively skewed.
“I’m disappointed. You used your community to create expectation, raising our hopes, only to launch an announcement that serves you,” said Dave Roscoe, a PI user, responding to the announcement.
Users urged the team to focus on issues that directly impact network users, asking for flexibility in the staking function. “When people choose the staking option (or were not allowed to change that option during the KYC process) it was a time when they said Pi has no price and would not be listed,” wrote Sentinel, another Pi user.
What’s Next for Pi Network as Downside Risks Increase?
The price of Pi Network extends losses during the Asian session, falling nearly 7% on the day as investors shift from a risk-on to a risk-off sentiment. Last week’s rally was based on the anticipation of a major listing on a centralized exchange, accentuated by broader bullish sentiment in the cryptocurrency market.
PI faces sustained downward pressure as traders exit their positions, with the 100-hour exponential moving average (EMA) at $0.86 failing to halt the selling. Attention is now focused on the 50 EMA near $0.80, which could curb the fall, attracting buyers on the dip to provide liquidity and potentially push PI above the psychological resistance of $1.00.
12-Hour Chart of PI/USDT
Traders should temper recovery expectations, especially with the Moving Average Convergence/Divergence (MACD) indicator falling towards the center line. A sell signal would encourage traders to sell PI, adding to the headwinds as the MACD line (blue) crosses below the signal line (red).
The Relative Strength Index (RSI) indicator validates the downtrend as it slides below the midline of 50 from its Monday peak of 92.95. Beyond the 50 EMA at $0.80, traders should prepare for a possible test of the April low at $0.40.
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