Pi Coin price plunges over 55% after launch: 5 factors behind the sharp drop!

Sharp Drop – Pi Coin plunged 55% within 24 hours of launch.

Miners Selling – Early adopters are cashing out, adding sell pressure.

No Binance Listing – Lack of major exchange support limits liquidity.

Utility Concerns – Pi Network’s ecosystem is still underdeveloped.

Market Uncertainty – Regulatory and broader crypto volatility impact sentiment.