The Pi Network's native crypto, Pi Coin, has ascended to the top 20 list of cryptocurrencies by market price.
The Pi Network's native cryptocurrency, Pi Coin (PI), has climbed into the top 20 cryptocurrency list by market price. This milestone is reached amid optimism for the coin and a new update to its ecosystem.
As per CoinMarketCap's latest data, Pi is currently placed 19th with a market capitalization of around $8.1 billion, highlighting its sustained investor interest and momentum.
This pushes it narrowly ahead of UNUS SED LEO (LEO) and Toncoin (TON), which are currently ranked 20th and 19th, respectively.
Pi Coin soars 100% in 7 days
Pi Coin has surged more than 100% in just one week, and about 56% in the past month. It’s now trading around $1.18, although prices vary because it’s not listed on many major exchanges yet.
Recently, Pi Network has introduced a new Mainnet Wallet Activation feature to improve user access. The update allows identity-verified users (KYC) - both fully and tentatively verified - to activate their wallets and access the Pi Mainnet through the Pi Wallet app in the Pi Browser.
Earlier, on May 10, a whale investor purchased 20 million Pi Coins from the OKX exchange for around $14 million and moved them to private wallets. This massive buy-in resulted in a lack of supply on exchanges, boosting bullish sentiment and demand for the coin. Many people refer to this as a “Bitcoin 2011 moment,” meaning that it is a unique early entry.
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