Ulu Ventures Backs Pi Network — But Can Pi Coin Recover?

Updated

August 21, 2025

Gambar Ulu Ventures Backs Pi Network — But Can Pi Coin Recover?

Jakarta, Pintu News – Ulu Ventures, one of the three initial seed stage investors in Pi Network in 2023, has now included Pi Network in its portfolio of companies.

Although Pi coin has been facing difficulties lately, the move could potentially give a big boost to its price. However, both technical and on-chain indicators paint a bleak picture for PI.

Ulu Ventures Adds Pi Network to its List of Portfolio Companies

According to a recent post on X, crypto analyst Dr Altcoin noted that Ulu Ventures has added Pi Network to its list of portfolio companies.

Pi Network's Institutional Backing!

Ulu Ventures, one of the three early seed investors in Pi Network in 2023, officially lists Pi Network among its portfolio companies.@PiCoreTeam @nkokkalis @Chengdiao pic.twitter.com/enUOR8OGBS
— Dr Altcoin (@Dr_Picoin) August 20, 2025

The company previously joined Pi’s seed funding round in 2023 with two other firms, 137 Ventures and Designer Fund.

The addition of Pi Network to the Ulu Ventures portfolio officially recognizes the project and provides much-needed institutional support. Recently, Pi coin has been in the negative spotlight as its price has plummeted to an all-time low.

However, Pi’s inclusion in Ulu Ventures’ portfolio confirms that institutional investors still have faith in the project.

The move has the potential to revive the confidence of Pi investors, known as Pioneers, as well as give a big boost to the price of the Pi coin. This is also reinforced by the recent launch of the Pi Network Hackathon which aims to increase the utility of the network.

Pi Coin Faces Bearish Pressure

Despite the recent institutional backing from Ulu Ventures, the Pi coin price continues to show weakness.

Based on data from Coingecko, the price of Pi Network (PI) as of August 20 is at $0.3489. This figure records a daily decline of almost 1%, while in the last 7 days Pi has fallen by more than 10%, and in the last month it has fallen by around 22%, confirming the continued price pressure.

Two weeks ago, Pi coin even hit an all-time low of $0.33515, and the current price is only 3.9% higher than that low. This adds to the bearish pressure as investors start to fear the worst.

In addition, the number of Pi coins on the exchange is also steadily increasing. According to data from Pi Scan, the amount now stands at $414,658,570. Usually, a spike in token balances on a centralized exchange (CEX) is a signal that investors are preparing to liquidate their assets at any time.

Technical Indicators Hint at Further Decline in Pi Prices

As reported by Coingape Markets, with bearish pressure increasingly dominant in the Pi coin market, technical indicators are signaling the potential for further price declines.

Based on the daily chart on TradingView, Pi’s Relative Strength Index (RSI) on August 20 stood at 37.25. Although the RSI briefly showed signs of recovery towards the neutral line at 50, its position is still in the bearish zone.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is also in line with the RSI. Pi coin’s MACD showed early signs of a bearish crossover when the MACD line started moving down close to the signal line. If this crossover is fully confirmed, it could signal further bearish price action for Pi.

As such, while Ulu Ventures has added Pi Network to its list of portfolio companies, the move may not be strong enough to drive a significant price recovery.

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