Pi Coin Suffers Major 16% Plunge Amidst Broader Cryptocurrency Decline

Pi Coin experienced a significant 16% price drop over the last 12 hours, mirroring a broader downturn across the cryptocurrency market. The coin, which reached around $0.65 just days ago, is currently trading at approximately $0.5589, marking a roughly 10% decrease in the past 24 hours. This decline follows a sharp drop in Pi Coin’s market cap to $3.82 billion and a significant decrease in trading volume down over 57% to $468.5 million.