#onchainInsights Pi coin plummets 65%, China issues urgent warning! It was suspected of fraud, but the truth is confusing

Pi Network's mainnet was officially launched on February 20, but the highly anticipated crypto project has attracted widespread attention due to a 65% plunge. Currently, Pi coin is trading at only $0.65, and many investors have questioned its legitimacy and future prospects. Initially, Pi Network claimed to be an innovative blockchain that aims to popularize cryptocurrency through mobile phone