Pi Network crypto plunges to record low of $0.18
“I had just turned on my smartphone when I received an email saying my account had been wiped out,” Van Khang, an office worker in HCMC, said, adding that almost all of his $3,000 balance was gone.
He said he traded Pi on a cryptocurrency exchange using futures, which allow investors to bet on whether an asset’s price will rise or fall. Believing $0.33 was already the bottom, he invested, expecting it to make a recovery.
Hoang Phuong of Dak Lak Province in the Central Highlands too said he had expected Pi to gain when he bought it. “I thought $0.36 per token was the lowest it could get, so I put more than $5,000 into Pi. Now it is worth only about half.”
At around noon on Monday Pi’s price plunged from $0.35 to $0.18 before recovering…
