With a 51% price surge in just 24 hours

With a 51% price surge in just 24 hours and trading volume jumping by more than 167%

The price of Pi Network (PI) has surged by 51% in just 24 hours as massive buying pressure continues to propel the cryptocurrency to new highs.

According to data from Brave New Coin, the Pi token rose to an intraday high of $1.20 before pulling back slightly to trade at $1.06 at press time on Wednesday.

The price surge comes after the cryptocurrency broke through the key resistance level of $1, which it had been testing for several weeks.

Following the breakout, the Pi Network community is setting its sights on the next milestone—the $2 level.

If the upcoming announcements from the Pi Core Team at the Consensus Conference 2025 in Toronto later this month live up to the hype, then we might see the token reach that price, especially if we consider that the technical indicators are showing immediate resistance at $1.40. On the other hand, the price action shows good support at $0.80.

If the price manages to break through the resistance at $1.40, it could clear the path for a stronger move toward $2.

“$PI roaring back to almost a dollar,” crypto expert Justin Wu commented on X, formerly Twitter, summarizing the general mood on social media.

The hype is building ahead of the May 14 announcement by the Pi Core Team at the Consensus Conference 2025 in Toronto, where Dr. Nicolas Kokkalis, the founder of Pi Network, is set to speak.

The anticipation has reached feverish levels, especially since the timing coincides with the possibility of large-scale ecosystem-level upgrades.

According to crypto analyst Dr. Altcoin, this announcement may not be just a regular update.

“There’s talk of a broader app ecosystem and even real-world utility integrations,” he added.

The rumors are swirling about decentralized apps (dApps), gaming projects, and upgraded Pi wallet functionalities to enable daily transactions. There are also rumors of community governance modules, such as a decentralized autonomous organization (DAO), being introduced to give users more control over the Pi Network’s future.

This hype is also being fueled by a single wallet on OKX accumulating 70 million PI tokens, according to blockchain data.

After acquiring the tokens, the wallet now holds a staggering 155 million PI tokens, making it the largest holder on centralized exchanges. This massive accumulation has sparked theories that a major crypto exchange might be preparing to list Pi Network Coin.

Among the possibilities, many believe that Binance, one of the world’s largest exchanges, could be next in line to list Pi Coin. This speculation aligns perfectly with the earlier signs of Know Your Business (KYB) compliance efforts and increased blockchain activity, both of which often precede a listing on reputable platforms.

If a Pi Network Binance listing were to be confirmed, it would drastically increase both visibility and liquidity, ultimately leading to a more rapid price increase for the coin.

News data source: kdj.com

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