Major Silicon Valley investors have also taken an interest in Pi Network as it has received investments from three well-known venture funds. 137 Ventures, Designer Fund, and Ulu Ventures have provided the funding, demonstrating their faith in Pi becoming one of the leading players in the cryptocurrency and technology market. The shift represents a significant milestone in the project’s progress toward mainstream adoption.
137 Ventures, the firm known for investing in startups at an early stage, such as SpaceX, Uber, Airbnb, and Spotify, comes in with a track record of identifying the right ones. Having exited 20 unicorns, it demonstrates the firm’s capacity to identify ventures that will scale up. The fact that it is investing in Pi Network indicates its confidence in the project’s ability to grow globally.
Designer Fund provides an additional point of validation, specifically for design-based companies. The company has a reputation for supporting Stripe, Phantom, and Gusto, making usability and innovation key to its main success cases. As Pi Network is supported by Designer Fund, it becomes even more attractive to developers and users interested in convenient cryptocurrency solutions.
Ulu Ventures, founded and operated by one of the most high-profile Latino investors in Silicon Valley, has assisted 213 startups, with SoFi and Palantir as its flagship establishments. The involvement of Ulu, who already has six unicorns, demonstrates optimism regarding the future development of Pi Network. Such widespread support enhances the project’s credibility within the technology and finance circles.
The token value of Pi remains indicative of market volatility, despite the institutional vote of confidence. With a price of 0.3529 USDT on OKX, it is close to the lower Bollinger Band. The resistance level is 0.3745, and the support level is 0.3287. The Relative Strength Index at 35.87 is indicative of being oversold and slow momentum.
Although there is short-term pressure, as evidenced by the market charts, the situation is brighter in the long term due to institutional support. With veteran investors choosing to invest in its coin, Pi Network is poised to shift gears beyond speculation and into sustainable growth.
