Pi Network Price Targets $2 After 35% Spike: Can the Hype Push PI?

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The Pi Network (PI) has sent shockwaves through the crypto market, rallying by over 35% in the last 24 hours and hitting a price of $1.29 as of May 12, 2025. With trading volume exploding by 278% and whale wallets actively moving large sums off exchanges, the project appears to be heating up amid rumors of a major announcement and potential listing on Binance.

Now boasting a market capitalization north of $8 billion, Pi Network has overtaken legacy coins like Litecoin (LTC) and Bitcoin Cash (BCH), shaking up the altcoin leaderboard and forcing traders to take notice.

Pi Network Whale Activity Sparks Momentum

One of the biggest drivers behind Pi’s recent surge is a flurry of whale activity. According to on-chain data, two significant wallets moved 70 million and 20 million PI tokens, respectively, from exchanges into private storage. This kind of behavior is typically seen as bullish, suggesting confidence in future price appreciation and removing selling pressure from the open market.

As a result, trading volume for PI crossed the $1 billion mark, reflecting a sharp uptick in interest from both retail traders and institutional participants.

Pi Core Team Steps In to Stabilize the Market

The Pi Core Team has reportedly begun repurchasing tokens from exchanges to further support market confidence. This strategy appears to be an effort to stabilize prices following recent airdrop and token distribution events that could have otherwise introduced heavy sell-side pressure.

Such intervention not only shows that the team is committed to long-term growth but also suggests that Pi Network may be preparing for a critical market milestone — possibly its long-awaited mainnet launch or integration with a major exchange.

PI price prediction

Binance Listing Rumors Gain Steam

Speculations of a potential Binance listing are fueling the price rally. Observant traders have reported testnet transactions involving Binance-associated wallet tags. While nothing has been officially confirmed by the exchange, history shows that pre-listing wallet activity is often a precursor to formal announcements.

If Binance were to list PI, it would provide the token with significant exposure, liquidity, and credibility. Given the size of Pi Network’s user base — estimated to be over 50 million globally — such a listing could serve as the spark that propels the token to entirely new price levels.

“The test transactions spotted are highly unusual without a deeper intent,” said one crypto analyst. “It wouldn’t be the first time Binance quietly prepped for a listing.”

May 14 Announcement Creates Buzz

Adding to the bullish sentiment is growing excitement around a rumored announcement scheduled for May 14. Though details remain scarce, members of the Pi community have hinted at a reveal that could significantly impact the network’s ecosystem.

This has created a powerful buy-the-rumor wave, drawing in speculative capital from traders eager to front-run a potential bullish catalyst.

Technical Outlook: What’s Next for PI?

From a technical standpoint, PI’s breakout is impressive. The coin recently surged past resistance at $0.98, flipping it into new support. With $1.29 now being tested, momentum traders are eyeing the next target at $1.50, followed by a psychological resistance at $2.00.

Here’s a snapshot of key levels:

Level	Value	Significance
Current Price	$1.29	35% surge in last 24 hours
Immediate Support	$1.00	Key psychological level
Short-Term Resistance	$1.50	Next bullish target
Long-Term Target	$2.00	If the Binance listing is confirmed

Technical indicators such as the Relative Strength Index (RSI) are moving toward overbought territory, which may lead to brief pullbacks. However, strong accumulation at lower levels indicates that bulls are in control, at least for now.

Growing Global Adoption

Pi Network is one of the most ambitious projects in the mobile mining space. By allowing users to “mine” PI on smartphones without draining battery or processing power, it has built a massive grassroots community. Unlike many other crypto projects that start with heavy VC funding, Pi’s strength lies in its network effect and global distribution.

PI coin surge

This unique model has helped the project gain popularity across developing countries where access to traditional mining hardware or high-end infrastructure is limited.

Risks and Considerations

Despite the optimism, investors should remain cautious. Pi Network has yet to fully roll out its open mainnet, and its current value is still largely speculative. Additionally, it remains unlisted on most major exchanges, making price discovery somewhat limited.

The current hype cycle may cool off quickly if the rumored announcements don’t meet expectations or if the Binance listing does not materialize.

Conclusion: Is Pi the Next Big Thing?

Pi Network’s 35% price explosion is more than just another altcoin pump — it signals growing belief in the project’s potential and a readiness by its community and developers to take the next big step.

With whale accumulation, a surging user base, upcoming announcements, and rumors of a major exchange listing, PI is clearly entering a new chapter in its evolution.

That said, crypto remains a high-risk, high-reward space. Traders and investors are encouraged to do their own research, monitor developments closely, and tread carefully during this volatile phase.

Frequently Asked Questions (FAQs)

What caused Pi Network’s price to rise 35% in 24 hours?

Pi Network’s recent surge to $1.29 was driven by large whale movements, a spike in trading volume, speculation about a Binance listing, and anticipation of a major announcement on May 14.

Is Pi Network officially listed on Binance?

As of now, Pi Network (PI) is not officially listed on Binance. However, rumors and test transactions linked to Binance wallets have fueled speculation that a listing may be imminent.

What is the Pi Core Team doing to support the price?

The Pi Core Team is reportedly buying back tokens from exchanges to stabilize prices following recent distributions. This move has helped reduce selling pressure and support market confidence.

What are the key support and resistance levels for PI?

Support: Around $1.00
Resistance: $1.50 and $2.00
If PI breaks above $1.50, it may rally further, especially if the Binance listing rumor comes true.

Is Pi Network a safe investment right now?

Pi Network is still in its early development phase, and its mainnet is not yet fully open. While momentum is currently strong, the asset remains speculative, and investors should approach with caution.

Glossary of Key Terms

Pi Network (PI)

A cryptocurrency project enabling mobile-based mining, aimed at making crypto accessible globally through a lightweight, energy-efficient protocol.

Whale

A crypto investor or wallet holding a large quantity of tokens. Their trades can influence market trends significantly.

Mainnet

The final, fully operational version of a blockchain network where real transactions take place, as opposed to a testnet.

Buyback

An action where the project’s team purchases its own tokens from the market to support or stabilize the token’s price.

Binance

One of the world’s largest cryptocurrency exchanges. A listing on Binance often results in increased trading volume and visibility for a crypto asset.