Pi Network’s Price Skyrockets by 33% to $1, What’s Going On With PI?

Tl; DR

• After several months of depressed price movements, including a hollow of all time, the PI token made a launcher last week.
• On a single daily scale, the asset is up more than 30%, asking the question of what motivates this spectacular pump.

A little over a month ago, PI plunged at $ 0.4, which became the above ATL, in the midst of unlocking massive tokens, market uncertainty and Fud against the project behind it.

He rebounded in the following weeks, but still stayed in a tight range around $ 0.6. Pi finally shot above this level at the end of last week, winning 20% ​​per day Friday. Naturally, these movements draw the attention of people, and popular analysts and commentators began to provide large price forecasts of $ 1 and $ 5.

Interestingly, the smaller goal was reached earlier this day when PI climbed 35% at a given time and typed $ 1 for the first time in almost two months. On a weekly scale, the assets skyrocketed by 64%.

There is no obvious reason behind this wave in addition to a possible media threw from an upcoming announcement for next week (May 14). As indicated above, there are speculation on a list of large exchanges, perhaps on Binance.

Another possibility could again be linked to a media threw rally as one of the founders of the PI network, Dr Nicolas Kokkalis, is expected To speak during the great crypto conference of this year – Consensus, which also takes place next week (May 14-16) in Toronto.

Moon Jeff, an analyst frequently speaking of PI, noted that many “unknown entities”, including Banxa, continue to accumulate the Network Pi token, which could also be a guilty for price increases. However, his information remains unbeknown.

Banxa buys millions of $ Pi
PCT redeem.
Unknown entities accumulate millions of $ Pi.
Exchange withdrawals are more than deposits.

And do you sell your pieces? Okay, let's see who will win at the end. #Pinetwork

– Moon Jeff (@ cryptoad00) May 10, 2025