Pi Coin, a once-hyped cryptocurrency, has experienced an 85% price crash, plunging to around $0.44 from its February high of $3.
The drop in price can be attributed to the delay in launching the Pi mainnet and the unresolved KYC process, leading to frustration among users.
Pi Coin is facing challenges in gaining credibility and exposure, as major exchanges like Binance and Coinbase have not listed it yet.
Experts warn that Pi Coin could potentially drop further to $0.10, citing excessive sell-off risk, lack of major exchange listings, market weakness, and a lack of real-world usage as contributing factors.