Crypto Potato 2025-05-11 05:10:40

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

TL;DR Following several months of depressed price movements, including an all-time low, PI’s token has gone on a roll in the past week. On a daily scale alone, the asset is up by more than 30%, begging the question what’s driving this spectacular pump. It was just over a month ago when PI plunged to $0.4, which became the aforementioned ATL, amid massive token unlocks, market uncertainty, and FUD against the project behind it. It bounced off in the following weeks but still remained in a tight range around $0.6. PI finally shot above that level at the end of last week, gaining 20% daily on Friday. Naturally, such moves attract people’s attention, and analysts and popular commentators started providing big price predictions of $1 and all the way to $5. Interestingly, the smaller target was reached earlier today when PI soared by 35% at one point and tapped $1 for the first time in close to two months. On a weekly scale, the asset has soared a mind-blowing 64%. PI Token Price. Source: CoinGecko There’s no evident reason behind this surge besides a possible hype growing from an upcoming announcement set for next week (May 14). As reported before, there are speculations about a big exchange listing, perhaps on Binance. Another possibility could again be linked to a hype rally as one of Pi Network’s founders, Dr. Nicolas Kokkalis, is expected to speak at this years large crypto conference – Consensus, which is also taking place next week (May 14 – 16) in Toronto. Moon Jeff, an analyst frequently talking about PI, noted that many “unknown entities,” including BANXA, continue to accumulate Pi Network’s token, which could also be a culprit for price increases. However, his information remains unverified. BANXA is buying millions of $PI PCT is buying back. Unknown entities are accumulating millions of $PI . Exchange withdrawals are more than deposits. And you are selling your coins? Okay let’s see who will win at the end. #PiNetwork — MOON JEFF (@CRYPTOAD00) May 10, 2025 The post Pi Network’s Price Skyrockets by 33% to $1, What’s Going On With PI? appeared first on CryptoPotato .