Pi Network (CRYPTO: PI), a viral cryptocurrency project that attracted over 60 million users known as ‘Pioneers,’ saw its price crash to a record low during the ongoing crypto winter. It slipped to a record low of $0.1232, down by 96% from its all-time high of $3.

This painful crash has led to a substantial decline in its market capitalization, moving from $20 billion to $1.3 billion today.

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Pi Network price has crashed since its mainnet launch | Source: TradingView

The Rise and Fall of Pi Network