Pi Coin Defies Gravity With Explosive Rally—Crypto Traders Scramble

Move over, Bitcoin—Pi Network’s token just pulled a moonshot that’d make even meme coin veterans blink. The once-dormant project’s 300% weekly surge has speculators dusting off their mining apps and Wall Street analysts muttering ’irrational exuberance’ into their lattes.

Behind the pump: A perfect storm of mainnet hype, exchange listing rumors, and that classic crypto FOMO cocktail. Retail traders are piling in despite zero utility—because nothing fuels a bull market like the promise of future promises.

Cynical take: Another reminder that in crypto, the best fundamentals are often a trending hashtag and a community willing to pretend they’ll actually use the token someday.

Market Dynamics and Support Levels of Pi Coin

Pi Coin’s 24-hour performance has presented investors with high volatility, with a critical support level identified at $0.80. Technical indicators reveal that while buyers remain strong in the short term, caution is advised against sudden profit-taking. If the price fails to surpass $1.00, trading activity might oscillate around $0.90. Additionally, the trading volume and liquidity levels on exchanges suggest that the altcoin could break through resistances with consecutive attempts.

Should the upward momentum continue, the next resistance point is around $1.40, which could signal the start of a new rally for the altcoin. Investors are protecting their portfolios with stop-loss orders and determining potential profit targets based on resistance zones.

Eyes on New Exchange Listings

Rumors circulating within the altcoin’s community suggest that a mysterious wallet has purchased 70 million PI from the OKX exchange. This has fueled expectations of a major centralized exchange listing. The wallet’s balance of 155 million PI is interpreted as preparation for a listing, reminiscent of movements observed before previous major exchange listings.

An analyst named Dr. Altcoin shared that the Pi Network team plans a significant announcement on May 14, 2025, during the Consensus Summit 2025 in Toronto, where Pi’s founder, Dr. Nicolas Kokkalis, will speak. The analyst predicts this news will push Pi Coin to $1, reaching $2 by the end of August and testing the $2 to $5 range by the end of the year.