Pi Network Coin has officially entered open trading, witnessing sharp price swings since its listing on major exchanges. After an initial surge to $1.97, the cryptocurrency plunged over 60% before rebounding nearly 160% in a day.

The Pi network launch is here as PI Coin plunged nearly 100% within minutes of the highly-anticipated event. Can it recover?

When the Pi Coin was launched, its price touched a remarkable all-time high of $2.10. However, on the same day, it crashed by 71 per cent to hit an all-time low of $0.6152.