{"id":65456,"date":"2025-05-11T05:10:40","date_gmt":"2025-05-11T05:10:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65456"},"modified":"2025-05-11T05:10:40","modified_gmt":"2025-05-11T05:10:40","slug":"pi-networks-price-skyrockets-by-33-to-1-whats-going-on-with-pi","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65456","title":{"rendered":"Pi Network\u2019s Price Skyrockets by 33% to $1, What\u2019s Going On With PI?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Following several months of depressed price movements, including an all-time low, PI\u2019s token has gone on a roll in the past week.
\nOn a daily scale alone, the asset is up by more than 30%, begging the question what\u2019s driving this spectacular pump.<\/p>\n

<\/a><\/p>\n

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.<\/p>\n

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<\/a> 20% daily on Friday. Naturally, such moves attract people\u2019s attention, and analysts and popular commentators started providing big price predictions of $1 and all the way to $5.<\/p>\n

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%.<\/p>\n

<\/a>PI Token Price. Source: CoinGecko<\/p>\n

There\u2019s no evident reason behind this surge besides a possible hype growing from an upcoming announcement set for next week (May 14). As reported<\/a> before, there are speculations about a big exchange listing, perhaps on Binance.<\/p>\n

Another possibility could again be linked to a hype rally as one of Pi Network\u2019s founders, Dr. Nicolas Kokkalis, is expected<\/a> to speak at this years large crypto conference \u2013 Consensus, which is also taking place next week (May 14 \u2013 16) in Toronto.<\/p>\n

Moon Jeff, an analyst frequently talking about PI, noted that many \u201cunknown entities,\u201d including BANXA, continue to accumulate Pi Network\u2019s token, which could also be a culprit for price increases. However, his information remains unverified.<\/p>\n

BANXA is buying millions of $PI<\/a>
\nPCT is buying back.
\nUnknown entities are accumulating millions of $PI<\/a>.
\nExchange withdrawals are more than deposits.<\/p>\n

And you are selling your coins? Okay let\u2019s see who will win at the end. #PiNetwork<\/a><\/p>\n

\u2014 MOON JEFF (@CRYPTOAD00) May 10, 2025<\/a><\/p>\n\n

The post Pi Network\u2019s Price Skyrockets by 33% to $1, What\u2019s Going On With PI?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Following several months of depressed price movements, including an all-time low, PI\u2019s 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\u2019s driving this spectacular pump. It was just over a month ago when PI plunged to […]<\/p>\n","protected":false},"author":0,"featured_media":65457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65456"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65456"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65457"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}