A surprise rally in Pi Coin has stunned crypto observers, with the token rocketing upward as speculation swirls around an imminent update from its development team.
While global markets benefit from a broader shift in sentiment following signs of thawing U.S.-China relations, Pi’s explosive movement appears to have its own engine: fear of missing out.
The coin’s value spiked dramatically in recent sessions, hitting a local high near $1.60 before retreating to around $1.30. That move, representing a 130% surge over the past week and 40% in just 24 hours, catapulted Pi’s market cap beyond $10 billion at one point — a level not seen in months.
Although many digital assets are climbing on the back of renewed optimism in macroeconomic conditions, Pi Coin’s surge stands out due to a growing belief that major internal changes are coming. On May 14, the Pi Network is expected to deliver a major update — a vague but highly anticipated reveal that has sparked community-wide speculation.
What exactly the update will include remains a mystery, but theories are multiplying. Some are betting on a potential listing on one of the world’s largest crypto exchanges. Others believe it could mark the long-awaited transition of Pi Network to its mainnet — a critical milestone that would open new utility for the token.
One Web3 logistics platform, Pailot, added fuel to the rumors by announcing it’s preparing an app submission for Pi Network’s review, possibly signaling that the network’s infrastructure is ready to handle ecosystem integrations.
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.
As crypto markets navigate another week of volatility and shifting sentiment, traders are increasingly turning their attention to emerging altcoins and high-momentum tokens.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]