Pi Coin Surges 34% Amidst Anticipation of Major Announcement

Pi Coin ($PI) has seen a remarkable surge in value, with its price increasing by 34% in the last 24 hours, briefly reaching $0.98. This rally has brought the cryptocurrency closer to the $1 mark, indicating strong momentum in the market. The recent price action of Pi Coin has sent multiple buy signals, suggesting that investors are optimistic about its potential. The next resistance levels for Pi are set at $1.00, followed by $1.40, while support currently sits around $0.80.

Crypto analyst Dr. Altcoin shared that the Pi Network team will make a big announcement on May 14, 2025. This date is important because it’s the same day the Consensus Summit 2025 begins in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will be speaking. The analyst believes this news could be very good for Pi’s price. He predicts that Pi could reach $1 by May 14, go up to $2 by the end of August, and maybe reach $2 to $5 by the end of the year.

According to on-chain data, a mysterious wallet made a massive purchase of 70 million PI from OKX, pushing its total holdings to 155 million PI—more than any other wallet on active exchanges. This activity has sparked speculation that a big centralized exchange (CEX) might be preparing to list Pi Coin. These patterns mirror previous movements seen before major exchange listings, and the timing aligns with increased activity on the Pi Blockchain and preparations for KYB (Know Your Business) compliance—a requirement for official listings.

The Pi Network ecosystem is also expanding, and community hype is at an all-time high. With Pi already ranked among the top 30 cryptocurrencies by market cap on CoinGecko, many believe this is just the beginning. The Pi community is now wondering: Which exchange will list Pi next? Could it be Binance, Coinbase, or another big player?

However, there are concerns about the sustainability of this momentum. The price of Pi Coin has dropped significantly in the past, and user engagement has waned, making it challenging to rebuild momentum. Without significant changes, the Pi Network risks losing its appeal to investors. The recent price surge could be a turning point for Pi Coin, but it is essential to monitor the market closely to determine if this momentum can be sustained.