The Pi coin price has dropped to $0.803 despite the launch of the $100 million Pi Network Ventures fund.
Bearish technical indicators suggest that PI may fall further to $0.75 or lower.
The Pi Network Ventures fund aims to boost PI's real-world utility by supporting startups in various sectors.
Despite recent losses, PI remains higher than its price seven days ago, but trading volume has surged, indicating market reaction to the Ventures announcement.