Pi Network Price Skyrockets as Mainnet Launch Rumors Intensify
Pi Coin’s price surged past the $1 threshold with a 51% intraday rally, driven by speculation surrounding a major May 14 announcement from its development team. Trading volume jumped 167% as investors weighed whether to take profits or hold positions ahead of potential mainnet updates.
The project faces a crucial sustainability test in a meme coin market now crowded with AI-powered competitors like Dawgz AI. Analysts are questioning whether Pi Network’s community-centric approach can withstand competition from more technologically advanced rivals.