#PI# The Pi Core team recently announced the establishment of Pi Network Ventures, claiming to invest $100 million to support the development of decentralized applications built on the Pi network. However, this announcement, which should have been uplifting, has triggered a strong rebound from the community.

Famous Pi supporter "Dr. Altcoin" wrote angrily: The Pi team promised to create a flourishing DApp ecosystem in six years, but so far not a single decent DApp has appeared. This has made early believers feel deceived. "We have waited for six years, invested time and faith, only to receive an empty check. The so-called 'venture capital fund' is just a fig leaf to cover the hollowing out of the ecosystem," Dr. Altcoin stated angrily.
💥"Pioneers" have become victims?
94% of participants did not receive 1000 Pi
The Altcoin Doctor also pointed out that the Pi Core team not only failed to fulfill its ecological commitments but also underestimated the contributions of the community. The team's stinginess in recommending the reward mechanism has directly impacted the enthusiasm of the pioneers. According to its estimates, over 94% of core participants have not received more than 1000 Pi coins, "this is not just unfair, it feels more like a packaged breach of trust."
It is worth noting that the user base of Pi Network spans 200 countries, with a total community size exceeding 70 million - but it is precisely this foundation that is now extremely disappointed with the project team.
The market value of Pi has evaporated by 5 billion! The lost faith is devouring the coin price.
Just a few days ago, Pi Coin was still in the limelight in the cryptocurrency circle, with its price soaring to $1.5 and its market value once exceeding $11.1 billion, briefly surpassing LTC and BCH. However, in just 72 hours, the valuation of Pi Coin has evaporated by nearly $5 billion. Today, it fell to $0.8881, a drop of 32%. There is also unlocking news that the market ushered in 5.2 million Pi coins flowing into the exchange, further exacerbating the selling pressure.
Although the current trading volume has surged to $950 million, if the trust crisis cannot be alleviated, the future trend of Pi coin will still fluctuate sharply, and returning to the $1 mark will not be an easy task.
🧨The Pi team remains silent, and the crisis is escalating.
What is most concerning is that the Pi core team has remained silent in the face of a series of accusations. Dr. Altcoin questioned at the end of the article: "If the Pi Network loses its pioneers, it is equivalent to losing its soul." We believe that the Pi Network is currently facing not a temporary price fluctuation, but a long-term erosion of trust.
For a community-driven cryptocurrency project, if this crisis cannot be effectively addressed, the future of Pi Coin is likely to struggle to regain its former glory.