Pi Network’s PI coin experienced a sharp 10% decline in the last 24 hours, even after Pi Network announced a $100 million fund to invest in startups through the Pi Network Ventures initiative.
Initially, the announcement sparked optimism among investors, but market sentiment quickly turned bearish.
As of now, PI trades at $0.803, down from a recent high of $1.65. This steep fall appears to reflect a classic “sell the news” reaction, with technical indicators pointing to further downside risk.
Launch of Pi Network Ventures
On May 14, Pi Network unveiled Pi Ventures, committing $100 million to support startup innovation. The fund—denominated in both PI and USD—prioritizes investments that increase PI’s practical utility.
Examples include startups in AI, fintech, and e-commerce that integrate Pi into their products and services. The initiative also leverages a 10% token reserve from the Pi Foundation to help deploy capital.
By funding projects that adopt PI, the program aims to accelerate the coin’s everyday use. However, a lack of clear selection criteria and limited detail about which projects will be chosen frustrated some investors, souring market sentiment after the announcement.
The fund’s scope extends beyond blockchain-specific ventures to broader technology sectors, reflecting a Silicon Valley-style venture capital approach. The goal is to bolster Pi’s ecosystem for its roughly 19 million KYC-verified users.
Despite these ambitions, the announcement failed to sustain bullish momentum. PI’s price plunged 26.2% within 24 hours following the news, and additional community complaints about slow migration processes after the mainnet launch intensified selling pressure.
Still, the initiative gives startups access to Pi’s global user base across more than 200 countries, which could support long-term adoption—even if the immediate market reaction remains largely negative.
PI Coin Price Outlook
At press time, PI traded at $0.803, a 10.6% drop over the past 24 hours, according to CoinGecko data. The price has broken the important psychological support level at $1.
Technical analysis reveals a bearish flag pattern on the 2-hour chart, suggesting the potential for further declines to $0.75 or even $0.57. Additionally, the 21-period EMA has crossed below the 50- and 200-period EMAs, reinforcing the bearish bias.
The Relative Strength Index (RSI) shows oversold conditions, indicating heavy selling pressure and the potential for a short-term corrective bounce. In a bullish reversal scenario, PI could retest $1.25, roughly aligned with the 0.618 Fibonacci retracement level.
Despite recent losses, PI remains 11.8% above its seven-day low, though it still sits 73.1% below its all-time high of $2.99 recorded in February 2025. Trading volume has increased by 11%, now representing about 14% of the coin’s market cap of $5.75 billion. This elevated activity highlights strong market reaction to the Ventures announcement.
Looking ahead, PI’s failure to reclaim the $1 level could further accelerate bearish momentum. Conversely, a broader crypto market rally could bolster PI’s recovery. Traders should monitor the 50-day and 200-day EMAs as key resistance levels.
Ultimately, PI’s short-term trajectory will depend on market sentiment and the pace at which the Pi ecosystem develops and demonstrates tangible utility for its users.