Pi Coin's circulating supply sees a sharp increase, rising from 7 billion to 12 billion tokens

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.

Earlier today, the circulating supply of Pi Coin saw a sharp increase, rising from 7 billion to 12 billion tokens and quickly grabbing attention in the cryptocurrency sector.

While discussing the move, crypto analyst Dr. Altcoin noted on X that the surge did not affect the amount of tokens available on exchanges. This observation sparked speculation about what might be causing the supply expansion, especially as CEXs reportedly still hold zero tokens.

Highlighting the increase as linked to a 5 billion Pi liquidity pool, Dr Altcoin stated that it signaled preparation for a major exchange listing. He listed Binance, BitMart, and HTX as potential platforms for the 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 that the Network was checking its liquidity systems ahead of making the tokens fully tradable.

The circulating supply has surged by around 5 billion—from 7 billion to 12 billion—while the available supply on CEXs remains unchanged. This increase likely comes from the 5 billion Pi liquidity pool, possibly in preparation for a major exchange listing. And when I say… pic.twitter.com/7wqkogcZR5

Meanwhile, anticipation is building for Pi Network’s ecosystem announcement, which is set for May 14 at the Consensus Summit 2025 in Toronto, where token’s founder, Dr. Nicolas Kokkalis, is set to speak.

Many analysts are expecting 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 yet arrived.

A Pi ecosystem announcement will be released on May 14. Tune in to find out what's coming next! #pi #pinetwork #cryptocurrency #blockchain #digitalassets pic.twitter.com/5jn7m5mlmD

Further fueling the speculation, Blockchain trackers identified a wallet linked to Binance processing more than 294,000 test transactions involving Pi tokens. According to the analysis, such activity is a common occurrence during the technical integration of a new token on a trading platform.

Considering that Binance is known for its rigorous testing procedures before adding new assets to its exchange, the observation suggests that preparations for a listing may already be underway.

Pi Coin’s price has climbed 18.26% over the past day, pushing up to $0.738. The increase follows Bitcoin’s rise past $103,000 and strong gains from Ethereum, Solana, and XRP, leading to 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.