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Pi Coin has been on a rollercoaster, fluctuating between $1.30 and $2.00 in just a few days. Over the past 24 hours, it plummeted more than 55% from its all-time high, with trading volumes also taking a sharp hit. Yet, despite the turbulence, Pi Coin has climbed to become the 11th largest cryptocurrency on CoinMarketCap in less than a month since its listing on 20 February.