Pi Network Don Invest $20M for AI Humanoid Robots Amid Token Slump
Pi Network don lead $20M funding round for OpenMind, one AI robotics startup wey dey develop decentralized humanoid robots. The investment wey Coinbase Ventures, Pantera Capital, Ribbit Capital, and Sequoia China join lead, na Pi Network first big venture since dem launch $100M VC initiative for May. Dis move show say Pi Network dey shift strategic to AI-driven automation and decentralized machine intelligence. Some community members dey worry say resources fit divert from network development go robotics R&D. Meanwhile, Pi Network don launch new Passkey security feature for im wallet wey dey give one-tap authentication to tackle hack fear. Dem still dey talk about possible Binance-related integration wey fit bring listing. For now, PI token dey trade near $0.3537, down over 20% last month and e dey near oversold level. Technical indicators like RSI (~35), Bollinger Bands, and potential MACD bullish crossover dey hint say bearish momentum dey weaken and rebound fit happen pass $0.38 resistance. Traders suppose dey observe wider market vibes and key supports for $0.340 and $0.325.
Neutral
Even though Pi Network invest $20M for OpenMind show say dem dey shift strategy go AI and robotics, dem kind venture capital move no dey usually cause price level waka one time. The funding round attach Pi to top VCs and e fit boost im long term growth chances. But the community dey worry about how dem dey allocate resources and the token just drop 20%, na sign say people still get doubts. Short term market go likely quiet as traders dey watch technical markers like RSI wey dey close to oversold and possible MACD crossover. For long term, this investment fit make Pi Network ecosystem strong and support token fundamentals, but immediate wahala go still dey. So overall, market impact dey expected to be neutral.