The trend of Pi Network coin prices has been terrible for quite some time. Despite the rest of the Altcoin rally, it has spent most of the last seven days below $ 0.6. However, over the last 24 hours, an increase of nearly 20% has been registered.
Today is price It has risen in 19%and is one of the most prominent green candles in about a month. Its current price is $ 0.74 and the trading volume increases by 159%. This shows that PI has reached a height of two weeks.
Although the property rose from the lowest of all time on April 5, it still has to register for a significant return.
The motivation of the current Pi coin rally
Official X Pi -networkWith more than $ 4.3 million follow -up, the big ecosystem's announcement, which will be published next week, hints at. The PI Core team has hinted that this message contains major updates, such as the public launch of Mainnet, new decentralized applications (DAPP) and developer tools.
The PI ecosystem announcement will be published on May 14. Tun up to find out what happens next! pic.twitter.com/5jn7m5mlmd
– Pi Võrk (@picooreeam) 7th May 2025
The recent activity of Binance's wallet has also caused rumors of the possible list of binance on the chip chain. The address was used to test transactions in the early testNet of PI Network, if it continued to last a version of the letter consensus protocol.
A few months ago, Binance made a vote to find out if its users want PI to be added to the platform. The final vote was heavily in favor of PI listing, but since then not much has been said. Pi is currently in OKX and Bitget.
However, PI must still deal with some risks. Over the next year, more than 1.4 billion PI, more than $ 850 million, will be made available. 231 million of these chips will be made available this month alone.
What went wrong with hype?
Many users cannot use or obtain their PI marks. They have stuck to a symbolic limbo because they cannot make real transactions or spend their chips. Everything they can do is to see how the number in the application rises without being able to do something useful. It has made users see the pi network as a scam.
But not every cryptocurrency project that fails is a fraud. Some are just big ideas that don't work quite properly. So, where is PI Network?
At first glance, PI does not look like a typical scam. There was no initial coin offer (ICO) and no money was to be paid. All you needed was an application that allows you to tap your phone every day. It is a low bar to enter, and millions of people did it.
But in a closer look, users say that things become less clear. Programs are a big part of the system, so that more people are encouraged to join more people so they can mince. With such a structure, users say it looks more pyramid fraud rather than a decentralized cryptocurrency project.
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