The Pi Network<\/a>, which recently saw a surge of 100%<\/strong> to reach $1.40,<\/strong> is now facing a sharp drop of 33%<\/strong>. The cryptocurrency is currently trading<\/a> around $0.84.<\/strong> This sudden decline follows a major announcement by the project’s team on 14th May, leaving many supporters disappointed and angry.<\/p>\n\n\n\n Indeed, the Pi team unveiled the launch of Pi Network Ventures, a $100 million investment fund<\/strong> aimed at supporting startups and businesses that will help bring real utility to the Pi cryptocurrency<\/a>. This fund, held in both Pi and US dollars, aims to finance innovative projects in various sectors to develop the Pi ecosystem.<\/p>\n\n\n\n According to the team, this initiative is a “crucial step<\/strong>” to accelerate the creation of useful applications and promote the adoption of the network in everyday life. However, this announcement has not been well received by a section of the community.<\/p>\n\n\n\n Crypto analyst Dr. Altcoin strongly criticized<\/strong> this announcement on social media, calling it “pure betrayal”. According to him, this update, which introduces the Pi Network Ventures project, disregards the hard work and loyalty of the community that has contributed to building Pi over the past six years.<\/p>\n\n\n\nBad News for Pi Network ?<\/h2>\n\n\n\n