Pi Network (PI) Explodes 13% in a Week – Here’s Where It’s Headed Next
Pi Network’s native token (PI) just ripped past expectations with a blistering 13% weekly gain. Traders are scrambling to decode whether this is the start of a sustained rally—or just another crypto sugar rush.
The breakout no one saw coming
While mainstream crypto assets flatlined, PI defied gravity with double-digit gains. The move comes amid whispers of upcoming ecosystem upgrades—though as any jaded investor knows, ‘upcoming’ in crypto could mean next week or next decade.
What’s fueling the surge?
Speculation’s outpacing actual news, but the Pi community’s buzzing about potential mainnet developments. Never underestimate the power of hopium in a market where fundamentals are optional.
The trillion-dollar question
Can PI sustain momentum, or will this join the graveyard of dead cat bounces? One thing’s certain—in crypto, today’s moon mission is tomorrow’s ‘remember that useless pump?’ cautionary tale.
What Now?
Pi Network’s native cryptocurrency finally managed to post some substantial gains. It spiked above $0.46 on August 10 before retreating to its current value of $0.40 (according to CoinGecko’s data), representing a 13% increase on a weekly basis.
The community now seems split on their predictions regarding PI’s next potential move. X user Friedrich said he opened a long position, envisioning a “deviation” that WOULD result in big gains.
However, the analyst with the moniker “pinetworkmembers” was not as bullish. They advised investors to “sit down and wait,” claiming the $1 target the community has been hoping for seems “unlikely to happen.”
Meanwhile, the amount of PI stored on crypto exchanges continues to rise. As of this writing, over 407 million tokens are held on such platforms, with Gate.io alone accounting for 194 million. The shift towards centralized exchanges may not lead to mass exit, but it surely increases the immediate selling pressure.
The upcoming unlocks may also negatively impact the price. Data shows that almost 170 million Pi will be freed up in the next 30 days, which will allow investors to offload tokens they have been waiting for a long time. August 16 will be a record day, with 9.8 million coins released.
Recent Pi Network Advancements
PI’s price pump in the last week coincides with some major developments associated with the project. Just a few days ago, the X account PI News disclosed that TransFi has completed its KYB (Know Your Business) process as a verified third‑party fiat on‑ramp partner.
Integrated with the Pi Wallet via Onramper, the platform lets users buy and convert PI tokens directly with local currency using various payment methods. Other KYB-verified partners include Onramp.money and Banxa.
Prior to that, Pi Network reminded users that the .pi Domains Auction has been extended to the end of September, giving them more time to innovate, build, and bid for their applications.
These domains let Pioneers customize their Pi Wallets with simple, name-based addresses ending in .pi, making payments and interactions easier – much like Ethereum’s .eth or BNB’s .bnb.
