Pi Network Coin tanks over 60% after mainnet launch
Cryptocurrency Pi Network Coin's price crashed over 60% after it transitioned from its testnet phase to the open mainnet on Thursday. The shift allows the coin, which can be mined using smartphones, to be traded on major crypto exchanges. It is currently trading at around $0.66, over 68% down from its all-time high of $2.10, as per CoinMarketCap.