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Pi coin has recorded a visible price drop from 81$ on Feb 19th to 1$ on Feb 20th. On its open Mainnet launch on Thursday, Pi coin started trading on exchanges at $2.20 before declining by around 55 per cent to around $1. Before this Pi Coin IOUs were trading at inflated prices – up to $200 on crypto exchange BitMart – leading to investors’ having unrealistic expectations.

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