Pi Network Token Surges 10% Amid Crypto Market Optimism

Pi Network’s native token has experienced a notable 10% price increase within a single day, lifting its value from below $0.35 to over $0.40, marking a significant rebound after reaching an all-time low of $0.335 just days prior [1]. This sharp rise has sparked debate within the crypto community regarding whether the move indicates a true recovery or merely a temporary, speculative bounce—commonly referred to as a “dead cat bounce.” The surge coincided with broader market optimism driven by Ethereum’s climb past $4,000 and XRP’s 13% gain following the SEC settlement [2]. However, Pi Network’s price movements remain largely unverified by on-chain data and are heavily influenced by the enthusiasm of its mobile app user base [1].

The recent price action has brought renewed attention to Pi Network, which has struggled under a bearish trend for much of the year, losing roughly 90% of its value since hitting an all-time high in late February [1]. The token’s rally has been attributed to a mix of improved market sentiment and viral momentum on social platforms, though no fundamental improvements in utility or adoption have been reported. Unlike other major cryptocurrencies that have seen measurable growth in real-world use cases, tokenized assets, or institutional backing, Pi Network is still in its mobile mining phase and has not yet launched a public blockchain [1].

Looking ahead, the immediate selling pressure from token unlocks appears to be easing, with an average of 5.6 million coins unlocking daily in the coming month—well below the 7-8 million average seen in June and July [1]. This reduction in supply pressure could offer some support to the token’s price, though it remains to be seen whether this will lead to a sustained recovery. The absence of a clear timeline for the “Launch Mainnet” phase and limited independent metrics—such as transaction volumes, wallet activity, or developer updates—continue to cloud the asset’s long-term prospects [1].

Investor perspectives remain divided. While some view the recent 10% gain as a positive signal that the market is beginning to recognize Pi Network’s unique approach to decentralized mining, others caution that the token’s speculative nature remains unchanged [1]. Without a transparent roadmap or regulatory clarity, the rally could quickly reverse, reinforcing the view that Pi’s price remains highly volatile and subject to market sentiment rather than fundamentals.

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[1] Pi Network’s Price Explodes 10%: A Dead Cat Bounce or the Worst Is Over for PI? (https://cryptopotato.com/)