Pi Network announces a big dump to a new low! PI supports OpenMind's $20 million AI financing details.

The price of Pi Network (PI) has fallen to an ATL of 0.35 USD after the latest official announcement, breaking the 0.4 USD barrier. This big dump not only reflects the market's doubts about the team's decisions but also highlights users' concerns about liquidity and future development. At the same time, Pi Network announced support for OpenMind AGI's 20 million USD financing, entering the blockchain Bots and AI sector. Can this move reverse the downturn?

PI price hits a new low, selling pressure intensifies

Since March, the PI/USDT trading pair has been continuously falling, and the latest weekly chart shows that it has broken through all key support and Fibonacci resistance levels. The Pi price is currently in the historical lowest range, with short-term selling pressure remaining unabated. The Pi team recently released a statement encouraging users to voluntarily lock up to 200% of their PI tokens to enhance mining rates, but this strategy has failed to calm market panic, instead causing more anxiety due to liquidity and migration delay issues.

Liquidity and trading options are limited, market confidence is shaken

Currently, PI is only listed on a few centralized exchanges, lacking support from mainstream platforms, which results in limited trading options. A large number of tokens are unable to circulate, and the liquidity crisis further exacerbates selling pressure. The Pi team hopes to incentivize community participation through a lock-up plan, but users continue to doubt the slow progress of the project and the future application landing, leading to a significant loss of confidence.

Pi Network supports OpenMind $20 million financing, betting on Blockchain AI

During the price slump, Pi Network Ventures announced its participation in OpenMind AGI's $20 million financing. OpenMind AGI is dedicated to building a decentralized Bots infrastructure that combines AI, robotics technology, and Blockchain, aiming to establish a smart machine collaboration network without intermediaries. This is Pi's boldest strategic investment to date, showcasing its ambition to diversify into the AI Blockchain sector.

Significant positive news hard to counter selling pressure, market reaction is strong

Despite the announcement of support for OpenMind, the PI token still fell 16% within a week, with the largest single-day drop occurring on August 2nd, and trading volume surging 32% to $46.65 million. This phenomenon indicates that some funds have chosen to take profits or that whales are participating in a big dump. The current market capitalization is $2.73 billion, with a circulation of 7.78 billion tokens. Community sentiment is cautiously optimistic, with most viewing OpenMind as a long-term positive, but short-term prices are difficult to benefit.

The Future of Pi Network: Can AI Collaboration Become a Turning Point?

OpenMind collaboration brings new imaginative space for Pi Network, including AI-driven dApps, ecosystem toolkit upgrades, and developer community expansion. As the mainnet launch approaches, this strategic investment may become a key catalyst for PI to emerge from its low point. In the future, whether Pi can become an important player in the AI Blockchain field remains to be seen, depending on the implementation of technology and the market's capital flow.

Conclusion

Pi Network is betting on OpenMind AGI to enter the blockchain AI space amid a big dump in prices and shaken market confidence. Although short-term selling pressure remains unresolved, this strategic investment may bring new life to Pi. Investors should closely monitor the mainnet progress and ecological implementation to seize potential turning opportunities.