The price of Pi Coin has experienced a significant decline, dropping from $81 on February 19th to $1 on February 20th. During its open Mainnet launch on Thursday, Pi Coin debuted on exchanges at $2.20 but soon fell by approximately 55% to around $1. Before this, Pi Coin IOUs were trading at highly inflated prices—reaching up to $200 on the BitMart exchange—causing investors to develop unrealistic expectations.

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