{"id":26021,"date":"2025-05-09T14:48:21","date_gmt":"2025-05-09T14:48:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26021"},"modified":"2025-05-09T14:48:21","modified_gmt":"2025-05-09T14:48:21","slug":"pi-network-pi-soars-by-20-daily-is-a-1-comeback-incoming","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26021","title":{"rendered":"Pi Network (PI) Soars by 20% Daily: Is a $1 Comeback Incoming?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">PI surged by double digits amid a market momentum and anticipation of a Pi Network ecosystem announcement.<\/span><\/li>\n<li>However, millions of PI tokens will be released mid-month, raising concerns about potential sell pressure and incoming volatility.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-395959\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI_CB-18-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>PI on the Run<\/h2>\n<p><span data-preserver-spaces=\"true\">Pi Network\u2019s native token, whose price consolidated below $0.60 at the start of May, witnessed a solid surge in the past 24 hours. It briefly climbed to a nearly one-month high of $0.77 before slightly retracing to the current $0.75 (per CoinGecko\u2019s data). The represents an almost 20% pump compared to the valuation observed <\/span>on May 8.<\/p>\n<figure id=\"attachment_395957\" aria-describedby=\"caption-attachment-395957\" style=\"width: 577px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-395957\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price.png\" alt=\"PI Price\" width=\"577\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price.png 832w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price-300x208.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price-768x533.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/PI-Price-50x35.png 50w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\"><\/a><figcaption id=\"caption-attachment-395957\" class=\"wp-caption-text\">PI Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">PI\u2019s market capitalization exceeded $5 billion, making it the 32nd-largest cryptocurrency. It is ahead of well-known altcoins such as Uniswap (UNI), Near Protocol (NEAR), Official Trump (TRUMP), and more.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Two obvious factors have likely triggered the rise. The first is, of course, the revival of the cryptocurrency market, where Bitcoin (BTC) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/500m-in-shorts-liquidated-as-bitcoin-btc-blasts-above-101k\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">soared<\/span><\/a><span data-preserver-spaces=\"true\"> well above $100,000. The other is the expectation of a major development following a recent announcement by the Pi Network team. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/why-is-pi-networks-price-up-today\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, the project\u2019s developers teased an \u201cecosystem announcement\u201d that would be released on May 14. Crypto X exploded with speculations, with some community members predicting a potential PI listing on Binance.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset\u2019s latest price increase caught the eye of numerous market observers who think there\u2019s more room for growth. X user MOON JEFF, who regularly touches upon the matter, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CRYPTOAD00\/status\/1920755665540137193\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> PI has surpassed the $0.75 micro resistance level, predicting a jump to $1. It is important to note that the last time the price traded above the one-dollar zone was in March of this year.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another user on the social media platform recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/PiListingNews\/status\/1920522995207975254\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">wondered<\/span><\/a><span data-preserver-spaces=\"true\"> if the valuation could explode to $5, asking its followers to drop their predictions. Some of the outlined targets include astonishing figures like $10 and even $20, which seem quite unrealistic (at least as of the moment).<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Investors Should Tread Carefully<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the rally, PI is not <\/span><span data-preserver-spaces=\"true\">completely<\/span><span data-preserver-spaces=\"true\"> out of the woods, and its price might decline in the short term. <\/span><span data-preserver-spaces=\"true\">There will be a<\/span><span data-preserver-spaces=\"true\"> massive release of locked assets by the middle of this month.<\/span><span data-preserver-spaces=\"true\"> The record day is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/piscan.io\/unlock-statistics\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">expected<\/span><\/a><span data-preserver-spaces=\"true\"> to be May 16, when almost 15 million PI will be freed up.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This will give investors the chance to sell tokens they\u2019ve been waiting for <\/span><span data-preserver-spaces=\"true\">a long time<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Although this doesn\u2019t guarantee such a scenario, the danger of a mass exit still looms.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that the unlocks are expected to cool down towards the end of the month and the beginning of June.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/pi-network-pi-soars-by-20-daily-is-a-1-comeback-incoming\/\" rel=\"nofollow\">Pi Network (PI) Soars by 20% Daily: Is a $1 Comeback Incoming?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR PI surged by double digits amid a market momentum and anticipation of a Pi Network ecosystem announcement. However, millions of PI tokens will be released mid-month, raising concerns about potential sell pressure and incoming volatility. PI on the Run Pi Network\u2019s native token, whose price consolidated below $0.60 at the start of May, witnessed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26021","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26021"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26021\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}