Ulu Ventures Backs Pi Network: Is This the Comeback of the Century or Just Wishful Thinking?

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Ah, the Pi Network! A digital realm where tokens dance like confused fireflies in a summer night, and where the PI token, currently valued at a staggering $0.35, is experiencing a free fall that would make even the most seasoned skydiver reconsider their life choices. 🚀

In a twist that could only be described as a plot twist worthy of a mediocre fantasy novel, Ulu Ventures, one of the early seed investors (and possibly the only ones still wearing a smile), has decided to formally add this project to its portfolio. It’s like giving a thumbs-up to a ship that’s already hit the iceberg. 🛳️💔

“Pi Network’s Institutional Backing!”

Yes, you heard it right! Ulu Ventures, one of the three brave souls who invested in Pi Network back in the golden year of 2023, has officially listed it among its portfolio companies. @PiCoreTeam @nkokkalis @Chengdiao

– Dr Altcoin (@Dr_Picoin) August 20, 2025

Ulu Ventures’ Vote of Confidence (or Desperation?)

Ulu Ventures, which joined the Pi Network’s seed round in 2023 alongside 137 Ventures and the Designer Fund (who, let’s be honest, probably thought they were investing in a trendy new fashion line), has now decided to give Pi Network a formal nod. It’s like saying, “Hey, we still believe in you, even if the rest of the world is running for the hills.” 🏃‍♂️💨

This move is a beacon of hope for the Pi community, affectionately known as Pioneers. It’s like a warm hug from a distant relative who still believes you can be an astronaut, despite your fear of heights.

PI Price Analysis: Token Struggles at Record Lows (Again)

As of this very moment, the PI token is trading at a thrilling $0.3489, which is down more than 10% in the past week and over 22% in the last month. It’s like watching a soap opera where the main character just can’t catch a break. The token hit an all-time low of $0.33515 just two weeks ago, and at this rate, it’s practically begging for a lifeline.

According to the wise sages at Pi Scan, holdings on centralized exchanges now sit at a staggering $414.6 million. This could mean that investors are preparing to liquidate their holdings faster than a magician can pull a rabbit out of a hat. 🐇✨

Descending Wedge Near Breaking Point (Or Just a Really Bad Day?)

On the daily chart, PI is trapped in a descending wedge pattern, which is generally considered a bullish reversal setup-if it ever breaks out. It’s like being stuck in a traffic jam, hoping for a miracle. Price has been consistently rejected by the upper trendline, while support has held around $0.33-$0.34. Talk about a rollercoaster ride! 🎢

Bollinger Bands are showing tightening volatility, suggesting that something big is about to happen-either a breakout or a spectacular crash. The MACD is still in negative territory, reflecting weak momentum, while the Chaikin Money Flow (CMF) is signaling ongoing capital outflows. It’s like watching a slow-motion train wreck, but with more spreadsheets.

The accumulation/distribution line is also highlighting a lack of buying strength, which could prolong the bearish pressure. Nevertheless, for those brave enough to gamble, PI remains a top crypto to buy in 2025. Just remember to hold onto your hats! 🎩

PI’s price action with indicators. | Source: TradingView

If buyers manage to defend the $0.33 support zone, a potential breakout from the wedge could target the $0.42-$0.45 range in the short term. But if they fail, well, let’s just say it could be a fresh round of selloffs, pushing prices toward uncharted lows. And we all know how much fun that can be! 🎉

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2025-08-20 20:57