The token of mobile phone mining project Pi Network plunged below $1 in the last week as allegations that it is a scam continue to fly. PI token fell below $1 on March 20, and is now down to $0.88, according to CoinGecko. That’s still well above its Feb. 20 all-time low of under $0.62, but nonetheless PI is down 40% on the month and 22% over the last seven days. It’s down 4.6% today. Pi Network launched its long-awaited Open Mainnet on Feb. 20, leading to a week-long rally followed by a selloff. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
