Pi Network Price Today May 16, 2025: Shocking Drop Despite Launching $100 Million Fund
Pi Network price today, May 16, 2025, decreased by 27.6% compared to yesterday, currently at $0.8805. Pi price dropped dramatically, causing many investors to lose heavily.
Pi Network Price Today May 16, 2025
Pi price on OKX exchange on May 16, 2025 is fluctuating around the price from 0.8342 USD to 1.22 USD (equivalent to 21,620 VND to 31,570 VND). Thus, at the time of writing, Pi price on OKX exchange decreased by 27.6% compared to yesterday, reaching 22,850 VND
The shocking drop in Pi Network price has caused many buyers at high prices to suffer heavy losses. According to Mr. Nguyen Ha Minh Thong, founder of Cabo Capital fund, this is a sign of instability and the risk of price manipulation, also known as the "pump and dump" phenomenon.
Mr. Thong commented that the unusual price fluctuations, especially when the trading volume on May 12 reached nearly 2 billion USD, could be the result of market manipulation.
People with large financial resources, often called “sharks”, or the exchanges themselves can create a price increase effect to attract users to buy with FOMO (fear of missing out) psychology, then quickly sell, causing prices to plummet and small investors to suffer losses.
Mr. Thong also warned that although Pi Network is a project that allows users to mine coins for free, weaknesses such as strong price fluctuations, limited Pi withdrawals from exchanges, low transparency and the risk of fraud still exist.
The recent surge in Pi’s price is a positive sign, but it cannot hide the core instabilities of the project. He advised users to be sober, not to be swept up in the crowd and to think carefully before investing time, money or providing personal information to the platform.
Pi Network just announced the establishment of a $100 million venture capital fund
In another development, Pi Network has just announced the establishment of a $100 million venture capital fund called Pi Network Ventures.
The fund aims to promote real-world applications using Pi, particularly in areas such as blockchain technology, artificial intelligence and e-commerce.
Funding comes from 10% of the total Pi supply and the majority of investments will be made in Pi tokens themselves rather than cash.
This is a move that shows Pi Network is trying to move from the theoretical development stage to supporting projects with practical applications.
The establishment of the investment fund comes just ahead of Consensus 2025, the largest conference in the blockchain industry. Through this, Pi Network hopes to expand its global influence and consolidate its position in the cryptocurrency ecosystem.
However, the success of these moves depends on the network's ability to achieve transparent governance, price stability, and substantial growth.
