Will Pi Coin Hit $2 in May? Pi Crypto News Triggers Price Surge

By Alex Ioannou
Last Updated: May 12, 2025
Fact checked by Sam Cooling

Disclaimer: Crypto is a high-risk asset class. This article is intended for informational purposes only and does not constitute investment advice. Readers should be aware they could lose all their capital.

Introduction
As the cryptocurrency market continues to evolve, Pi Network’s Pi Coin (PI) has recently made headlines with a remarkable price surge. Following an official announcement from the Pi Core Team, many are eyeing whether Pi Coin will reach $2 by May 14, an exciting day for investors.

Investors Anxiously Awaiting the Pi Crypto News Announcement

In a remarkable development, PI experienced a stunning 42% surge in value overnight, placing it among the leading gainers on CoinGecko. This rally coincides with the anticipation surrounding a significant announcement set to be made on May 14. The official Pi Network account on social media platform X (formerly Twitter) confirmed the upcoming ‘Pi ecosystem announcement’, which is expected to reveal exciting developments for the platform. Since this post on May 8, PI’s price has soared over 100%.

The buzz is centered on Dr. Nicolas Kokkalis, the founder of Pi Network, who is scheduled to speak at the Consensus Conference 2025 in Toronto on the same day as the announcement. Investors are left speculating about the new features that could be introduced, including decentralized applications (dApps), GameFi projects, and updates to the Pi wallet.

Pi Token to Reach $2 Before the Announcement?

After a period of relative stability throughout April, with coal-like price movements, PI Coin broke through the $1 mark on May 11 for the first time since March. Following this breakthrough, the coin rapidly flipped what was previously a key resistance level into consistent support, surging to approximately $1.39 shortly thereafter.

CoinGecko currently lists Pi Coin as one of its top trending tokens, with a market cap exceeding $9.7 billion, ranking it as the 17th largest cryptocurrency by market capitalization.

The last 24 hours have seen impressive trading volumes exceeding $1.5 billion for PI, a testament to the heightened interest surrounding the upcoming announcement. Due to bullish sentiment about the Pi Network’s future, many speculate there may be potential for the coin to hit the $2 mark before May 14. ### Whale Activity and Market Speculation

Rumors have also circulated regarding a significant purchasing event wherein a single wallet on the OKX exchange acquired 70 million PI tokens, valued at approximately $85 million. This transaction has propelled the wallet’s holdings to over 155 million PI, establishing it as the largest PI wallet among centralized exchanges. The community is buzzing with speculation that an announcement regarding a primary exchange listing may accompany the ecosystem upgrade.

Coinbase and Binance are the exchanges being talked about most frequently in relation to potential listings, raising the community’s optimism even higher.

Additionally, discussions regarding community governance features, such as the introduction of a decentralized autonomous organization (DAO), could lead to increased user control within the ecosystem, further fueling excitement within the PI community.

Conclusion

With the countdown to May 14 steadily approaching, many investors continue to watch Pi Coin closely for any developments. If the anticipated announcement proves to be favorable for the ecosystem, PI could set itself on a trajectory toward reaching not only $2 but potentially higher within the quarter.

In the meantime, as Bitcoin fluctuates around recent highs and Fed interest rate cuts loom in June, Pi Coin’s momentum suggests that it may have a vibrant future ahead.

Bonus News: Best Wallet (BEST) Raises $12.1 Million in Presale Funding as Airdrop Program Ends in 3 Days
In other notable crypto news, Best Wallet (BEST) has raised $12.1 million in presale funding, highlighting the growing interest in innovative crypto assets. With the airdrop campaign scheduled to end on May 15, many eyes are also set on this new wallet platform as it seeks to carve out its niche in the competitive market.

Note to Readers:
To stay updated on these developments and more in the cryptocurrency space, consider subscribing to trusted news sources and platforms that provide regular reports on market trends, price movements, and critical announcements.

Share this article: