Pi Token Faces Downward Pressure as $100M DApp Fund Draws Criticism 📉
Pi Token is under significant downward pressure, with its price experiencing a 20% drop. This decline comes as the $100 million DApp fund created by the Pi Network draws criticism. The fund is intended to boost decentralized application development but has sparked debates on its sustainability and efficacy.
Dr. Kokkalis, during the Consensus 2025 event, shared his vision for integrating artificial intelligence and blockchain technology to enhance cryptocurrency acceptance. However, despite these optimistic plans, market reactions have been negative, leading to considerable scrutiny of the Pi Network's future in the competitive crypto landscape.
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