<ul><li>Pi Coin surged to $1.70 on May 13 before crashing over 50% to $0.81 within two days due to heavy token unlocks flooding the market.</li><li>Around 272.9 million tokens ($234.6M) will be unlocked over the next month, increasing selling pressure and challenging price recovery.</li><li>Market cap dropped from $9B to $6B, pushing Pi Coin out of the top 20 cryptocurrencies, now ranked 29th globally.</li><li>Pi Coin experiences intense market volatility as the price reversal sparks concerns about short-term stability and challenges for recovery due to heavy token unlocks.</li></ul>

Pi Coin hits $1.70 before crashing over 50% in sudden market reversal

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