Pi Network’s founder and CTO, Dr. Nicholas Kokkalis, delivered a keynote speech at the Consensus 2025 event.
In his address, he discussed the integration of artificial intelligence with blockchain infrastructure and strategies to increase adoption. However, immediately after the event, Pi Coin’s value experienced a sharp decline of 16% within just a few hours.
Sharp Drop in Pi Coin Price
The rapid decline in Pi Coin’s value is believed to have caused disappointment within the Pi community. Some market analyses suggest that there is further risk of a price drop, potentially falling back to the April level of $0.40. Participants claim that this sudden loss is linked to insecurity within the community.
Concerns in the community are reportedly stemming from both the performance of Pi Coin and the gap between the project’s promised outcomes and actual delivery. Particularly, price volatility has negatively impacted investors’ and followers’ future expectations.
New Fund Announcement and Community Criticisms
Recently, the Pi Core team announced the establishment of a $100 million venture capital fund called Pi Network Ventures. The purpose of this fund is to develop decentralized applications on the Pi Network. However, the announcement did not receive a positive reception as expected, and criticisms towards the project increased.
Some community members voiced that the platform’s adoption rate has been exaggerated, and the actual situation is much lower than anticipated. This situation suggests a lack of sufficient appeal for potential developers to start developing applications on the platform.
Dr. Nicholas Kokkalis stated, “We are working to integrate artificial intelligence and blockchain technologies. Our main goal is to ensure the widespread use of these technologies.”
Some analysts believe that the Pi Core team’s announcement of the fund acknowledges that the platform has not yet reached the desired level. Furthermore, the created fund is anticipated to face challenges in attracting DApp developers.
Market and Community Expectations
The current market atmosphere indicates that Pi Network’s initiatives have not yet reached the desired level. Most investors and users advocate for greater adoption and practical use of the platform. The volatility in prices and recent declines are expected to shape the project’s future concerning trust-building efforts.
Experts suggest that both developers and users should closely monitor the new fund initiative. Additionally, the extent to which Pi Network’s promised innovations are implemented over time will become more apparent as the process progresses.
The sudden changes in Pi Coin’s value and ongoing discussions within the community highlight the persistent concerns about the project’s stability. Through the fund creation initiative, efforts are being made to support developers and increase platform awareness. However, users and analysts continue to monitor the platform’s overall progression and market responses.
Pi Network’s new fund initiative and recent announcements at events underscore the platform’s ambition in technological innovations and ecosystem development. The price volatility appears directly related to community expectations and structural developments. Prospective investors are advised to closely observe the platform’s development and adoption rate. Furthermore, if Pi Network’s new initiatives are implemented in practice, there could be an acceleration in ecosystem developments.
