Big news in the world of cryptocurrency! Pi Network, a cryptocurrency you can mine on your phone, just launched its main network. This means people can now buy and sell Pi coins, but things didn't go as planned.
Lots of people signed up for Pi Network, hoping to get rich quick. But when the coin started trading, its price fell a lot!
One big cryptocurrency exchange, Bybit, even called Pi Network a scam, pointing to warnings from Chinese authorities.
- Pi coin's price dropped over 65% after its launch.
- Some exchanges started trading Pi, but others refused.
- Pi Network claims millions of users, but official numbers are much lower.
| Fact | Number |
|---|---|
| Pi's highest price | $1.84 |
| Pi's price after launch | $0.64 |
| Approximate number of claimed users | 60,000,000 |
| Approximate number of verified users | 9,100,000 |
