{"content":"Pi Network Unveils $100M Fund to Fuel Web3 Startups Pi Network's team stated Wednesday that it would invest in “startups and businesses that advance the utility and real-world adoption of Pi.” The strategic initiative invests in high-quality startups and enterprises across industries to drive innovation and ecosystem development. Supporting worthy projects should speed utility development and real-world integration, according to the Pi Network team. Despite Pi Network calling its endeavor “a pivotal step forward,” its price has plunged over 30% in 24 hours to $0.84, suggesting market pessimism. Some community members praised the proposal as a terrific ecological project, but opinion remained hostile. Was disappointed. PI member Dave Roscoe responded to the news, saying, "You used your community to build hype, driving up our hopes, only to release an announcement that serves you." Users asked the team to concentrate on network user concerns and request staking flexibility. Sentinel, another Pi user, stated, “when people choose the option to stake (or they were not allowed to change that option during KYC process) it was a time you said Pi does not have a price and it wouldn’t be listed What's next for Pi Network as negative risks rise? Pi Network's stock falls over 7% in Asia as investors switch from risk-on to risk-off. Last week's gain was fueled by crypto market bullishness and expectation of a large centralized exchange launch. As traders sell, the 12-hour 100 Exponential Moving Average (EMA) at $0.86 continues to pull PI lower. The 50 EMA at $0.80 might stop the drop, tempting dip-buyers to offer liquidity and push PI beyond $1.00 psychological barrier. As it falls below 50 from its Monday top of 92.95, the Relative Strength Index (RSI) confirms the decline. Beyond the 50 EMA at $0.80, traders could expect a retest of April's bottom at $0.40. #pi #PiCoreTeam #PiNetwork #TradeStories #TrumpTariffs $BTC $ETH $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/15/36f414a0a1a54350bcd82c641e61df66.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}