Starting from May 12, 2025, Pi Coin (PI) is experiencing a significant sudden increase in its value. The current price is approximately $1.56, marking a 48% increase in the last 24 hours. This rally has propelled the market capitalization of Pi to around $11.05 billion, positioning it among the top 15 cryptocurrencies by market capitalization.

The recent price increase is attributed to heightened anticipation surrounding a major announcement from the central PI team, scheduled for May 14 during the Consensus Conference 2025 in Toronto. The announcement is expected to reveal significant developments within the PI ecosystem, fueling investor optimism.
Additionally, substantial whale activity has been observed, with a notable transaction involving the movement of 90 million PI, which contributed to a 278% increase in trading volume, surpassing $1 billion.
Given these developments, market analysts are speculating that Pi Coin could reach the $2 mark in the near future, depending on the results of the upcoming announcement and the continued interest from investors.
Stay tuned to Gate.io for real-time updates and trading opportunities related to Pi Coin.
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