Pi Coin's Marketcap Surge as Pi Network Gains Momentum! Will This Sentiment Last?

In just one week, Pi Network’s native token, PI, more than doubled in value. This coin is rising over 110% and boosting its market capitalization by a staggering $7 billion. 

As speculation mounts around upcoming developments within the Pi Network, many are now wondering: can this bullish momentum hold, or is it just a temporary wave? Check this article to know the analysis.

Pi Coin’s Price Rebound and Market Cap Explosion

Pi Coin had seen better days earlier this year. In April, its price dropped to as low as $0.40, leading many to question whether interest in the project was fading. However, in the second week of May, sentiment shifted dramatically. 

PI rebounded and crossed the $1 mark, briefly peaking at $1.53. This performance pushed Pi Network’s total market capitalization close to $11 billion, compared to just $4 billion at the beginning of the rally.

This sharp increase places Pi Coin among the top performing digital assets of the month, raising both investor optimism and scrutiny in equal measure.

Read also: Why Did Pi Coin Surge? Unpacking the Rally and What Lies Ahead

What Is Driving Pi Coin’s Growth?

A combination of broader market recovery and excitement over Pi Network's upcoming announcements appears to be behind PI’s rally. 

Across the cryptocurrency space, renewed investor confidence has led to price recoveries in major assets like Bitcoin and Ethereum. 

Bitcoin, for example, climbed 10% during the same period, reaching a three-month high of over $105,000. Ethereum posted an even larger gain, jumping 42%.

This rising tide has lifted not only established tokens but also emerging projects like Pi Network. Analysts point to improving global economic relations—particularly among the United States, United Kingdom, and China—as a contributing factor to the recent surge in digital asset investments.

In the case of PI, however, investor interest also seems closely tied to an expected announcement from the Pi Network team. 

Though exact details remain undisclosed, community discussions suggest that new features could include developer tools, platform upgrades, partnerships, and expanded user incentives.

The anticipation around this update, scheduled for May 14, has helped attract fresh trading volume and sparked renewed curiosity about the Pi Network ecosystem.

Long-Standing Controversies and Lingering Doubts

Despite the recent market enthusiasm, not all are convinced about Pi Coin’s sustainability. The project has long faced skepticism due to its unconventional structure and delays in launching a fully operational mainnet. 

Some critics argue that the project’s mobile-first, invitation-only mining model lacks transparency and real-world use cases.

In February, Bybit CEO Ben Zhou went as far as calling Pi Network a pyramid scheme, citing a Chinese police investigation that alleged exploitation of elderly users and misuse of personal data.

Adding to these concerns is a looming wave of token unlocks. According to data from Piscan, over 250 million PI tokens—worth more than $317 million—are scheduled to enter circulation within the next month. 

Such a significant increase in supply could lead to downward price pressure, especially if new holders choose to sell immediately.

Read also: Why Pi Coin Price Is Up Today and What’s Fueling the Momentum?

Can Pi Network Maintain Its Momentum?

Whether Pi Coin can sustain its newfound momentum depends on several factors. The expected announcement on May 14 will be critical. 

If the Pi Network team delivers clear and substantial updates—especially those that involve increased utility for PI tokens or meaningful integrations—it may provide the foundation for continued growth.

However, if the announcement fails to meet the community’s expectations, the excitement could quickly fade. Furthermore, how the market absorbs the upcoming token unlocks will be another key test of PI’s long-term value.

FAQs

Q: What is Pi Network?
A: Pi Network is a mobile-based cryptocurrency platform that allows users to mine Pi Coin using their smartphones. It aims to build a decentralized ecosystem for everyday users.

Q: Who is the CEO of PI? 
A: Dr. Nicolas Kokkalis is the founder of Pi Network.

Q: Can pi reach $100? 
A: It's possible. Some experts think Pi Coin could reach $100 or even $500 by 2030 if more people use it and it has real-world uses.

Q: Is pi coin launched? 
A: Yes, Pi Network Coin is now live. You can buy, sell, and trade it on big crypto exchanges like OKX and Gate.io.

Q: Which country owns pi network? 
A: Pi Network is based in the United States.