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Cryptocurrency Pi Network (PI) Slips from Top 20 Ranks Following 33% Fall in Value

Cryptocurrency Pi Coin declines by 33% following announcement of $100M VC fund, as critics question the absence of functional DApps after six years of development.

, and Administrator

2025 May 16 . 11:35 PM

2 min read

Cryptocurrency Pi Coin experiences a steep 33% drop following announcement of a $100 million... — Cryptocurrency Pi Coin experiences a steep 33% drop following announcement of a $100 million venture capital fund; critics within the community point out the absence of functional Decentralized Applications (DApps, for short) after six prolonged years of development.

Scoop: Pi Coin Plunges After $100M VC Fund Announcement

Cryptocurrency Pi Network (PI) Slips from Top 20 Ranks Following 33% Fall in Value

Here's the run-down on Pi Coin's recent chaos!

Quick Navigation* 🚀 Boom to Bust: Pi Coin's Downfall* 💤 Sleeping Giants: The Missing DApps* 🗣️ Bitter Pills: The Pi Community Speaks* 💰 Market Turmoil: Impact and Aftermath

🚀 Boom to Bust: Pi Coin's Downfall

Pi Coin took a hard hit, plummeting 33% following the reveal of a massive $100 million Venture Capital (VC) fund. The cryptocurrency's market cap took a whopping $4.5 billion loss, pushing it out of the top 20 cryptos!

💤 Sleeping Giants: The Missing DApps

The community has been stewing for years over Pi Coin's lackluster infrastructure, particularly the absence of functioning Decentralized Applications (DApps). Watching this empty space has been a real yawner for some long-time supporters who've been rallying for Pi since the early days.

🗣️ Bitter Pills: The Pi Community Speaks

Popular Pi Community figure, Dr. Altcoin, lambasted the VC fund announcement as a kick in the teeth. He took aim at the Core Team, accusing them of neglecting early supporters and failing to deliver on the much-anticipated DApps.

💰 Market Turmoil: Impact and Aftermath

It's been a rollercoaster ride for Pi Coin, diving from $1.5 to around $0.84-$0.89 in a flash. This steep drop equates to a 45% loss from its peak, reversing most of its weekly gains.

The Pi Network ecosystem was expecting a major boost, but the excitement subsided faster than a summer breeze. Massive volumes flooded the market as traders reassessed their positions and the price went on a wild ride.

Insider scoop:

Disillusioned Expectations: The Pi community was hyped for real-world blockchain action, but the VC fund left many scratching their heads 1.
Unfulfilled Promises: Pi Network's failure to launch functional DApps has been a major bone of contention and a blow to the community's belief in the project 5.
Investment Speculation: Hasty Pi investors jumped the gun, buying in advance of the VC fund announcement, only to sell-off when the news fell short of expectations 5.
Bitcoin and other cryptocurrencies like Pi Coin have been closely monitored by financial institutions, with the NSE and BSE keeping a keen eye on the Pi Coin's market performance post its $100M VC fund announcement.
Despite the downfall of Pi Coin, some investors are still seeking opportunities in the cryptocurrency market, looking at less established coins such as Pi Coin, BSE-listed digital assets, or even newcomers like NSE-traded cryptocurrency.
The Pi Coin's turbulent past has raised questions about the viability of investing in decentralized currencies, making analysts and finance professionals take a harder look at the underlying structure of Pi Coin and other cryptocurrencies before recommending them to clients.