- Pi Coin’s circulating supply briefly jumped from 7 billion to 12 billion tokens, then disappeared.
- A Binance-linked wallet handled 294,000 Pi test transactions, fueling rumors of an exchange listing.
- Coin price rose 18.26% to $0.738, with trading volume up 139% to $297.59 million.
Earlier today, Pi Coin’s circulating supply saw a sharp increase, rising from 7 billion to 12 billion tokens and capturing attention across the cryptocurrency sector. Analyst Dr. Altcoin noted on X that the surge did not affect the amount of tokens available on exchanges, leading to speculation about the reason behind the supply expansion.
Dr Altcoin identified the increase as linked to a 5 billion Pi liquidity pool, signaling preparation for a major exchange listing. He highlighted Binance, BitMart, and HTX as potential platforms for token’s introduction to broader markets.
Shortly afterward, the extra tokens vanished from circulation within just an hour. This quick appearance and disappearance hinted at a successful stress test, suggesting the Network was checking its liquidity systems ahead of making the tokens fully tradable.
Pi Network Plans Big Reveal
Meanwhile, anticipation is building for Pi Network’s ecosystem announcement scheduled for May 14, 2025. The announcement is expected to coincide with the Consensus Summit 2025 in Toronto, where token’s founder, Dr. Nicolas Kokkalis, is set to speak.
Many analysts expect the update to reveal new applications, ways to use the token in the real world, and insights into future developments. Rumors are swirling that Binance may be close to listing Pi Network, though no official confirmation has been made so far.
Adding fuel to the speculation, Blockchain trackers identified a wallet linked to Binance processing more than 294,000 test transactions involving Pi tokens. Analysts see such activity as a sign that technical preparations for a listing may already be underway.
Pi Coin Sees Price Rally
Pi Coin’s price has climbed 18.26% over the past day, reaching $0.738. The increase followed Bitcoin’s rise past $103,000 and strong gains from Ethereum, Solana, and XRP, creating optimism across crypto markets. The token managed to break through a resistance level between $0.66 and $0.67, with trading volume surging 139% to $297.59 million.
Technical indicators showed the Relative Strength Index at 79.44 on the 4-hour chart, signaling overbought conditions. The MACD remained bullish, with the indicator at 0.03059 above the signal line at 0.01482.
If coin’s price stays above the breakout zone, analysts see potential for a short-term push toward $0.85 to $1.00. However, if momentum fades, the price could stall in its current range before making another attempt to climb.
Dr. Altcoin suggested that it might maintain a price close to $1 up until May 14. If the upcoming announcement delivers on expectations, the price may rise to $2 by the end of August. Looking further ahead, Dr Altcoin estimated that the token could trade between $2 and $5 by late 2025, depending on how the ecosystem evolves and market sentiment unfolds.
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