Massive Pi Coin Crash: Why Are Investors Unhappy?

Massive Pi Coin Crash: Is It Time to Buy the Dip?

Pi Network announced a $100 million venture capital fund, which caused the price of Pi Coin to plummet 33% in a few hours. The Pioneer community reacted negatively to the absence of working decentralized apps (DApps). Most of the gains made by the cryptocurrency throughout the week, including its peak of $1.50 at the beginning of the week, have been wiped out as it is currently down 20.04%.

Pi Network Ventures: A Bold Move or a Betrayal? Pioneers Speak Out!

Pi Network Ventures, a $100 million venture capital fund, was launched on Wednesday by the Pi Core team to support entrepreneurs and organizations that create decentralized apps (DApps) for the platform. With no working DApps on the platform as of yet, the Pioneer community feels deceived by the Pi Core team.

Today the Pi Core Team announcement about Pi Network Ventures is nothing short of a betrayal to the Pioneer community, the very people who built this project from the ground up over the past six years. We waited, we believed, and we contributed under the promise that time was needed to develop a strong ecosystem with 100 real, functioning DApps. Now, after six long years, we are told that the DApps the Core Team envisions still do not exist.

Dr. Altcoin

Pi Network Scandal: Dr. Altcoin Accuses Core Team of Betraying Pioneers!

The Pi Core team has also been accused by Dr. Altcoin of ignoring and undervaluing the contributions of the core community members. Dr. Altcoin claims that because the Core Team did not sufficiently compensate referral incentives, over 94% of Pioneers, who contributed to the creation and upkeep of the network, were unable to obtain 1,000 Pi tokens.

This is not just unfair; it’s a clear sign that the community’s efforts have been undervalued. The silence from the Pi Core Team on protecting the interests of its community is deafening. Pioneers are not just users — we are the stakeholders, the foundation, and the reason Pi Network exists,

Dr. Altcoin

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