Pi Network (PI) is back on fire

After weeks of sideways drift, the token has ripped through resistance, gaining more than 42% in under 24 hours

The price of Pi Network (PI) token has surged by more than 42% in less than 24 hours, presenting one of the most talked-about and top-performing coins in the crypto market today.

The token, which is currently trading at $1.5389, touched a high of $1.57 briefly.

This breakout comes just days ahead of Consensus 2025 in Toronto, where Pi founder Dr. Nicolas Kokkalis will speak.

The event is sure to bring even more attention to Pi, especially in light of its recent struggles to maintain value following the token distribution.

Massive Rally Pushes Pi Ahead of Litecoin, Bitcoin Cash

The market cap of Pi Network has now crossed the $10.6 billion mark, putting it ahead of Litecoin and Bitcoin Cash, two names it trailed by a mile. The surge has pushed Pi into 14th place on CoinMarketCap, and suddenly, talk of a top 10 debut doesn't sound far-fetched. Not bad for a token that many had already written off.

Whales Move, Price Follows

The rally didn't start by accident. Large wallets have been shifting huge amounts of PI off exchanges. One transaction moved 70 million PI, and another followed with 20 million. That was the trigger. After that, retail jumped in, and the price took off.

There's also chatter that the Pi Core Team has been buying back PI on the open market to absorb post-distribution selling pressure. Whether that's coordinated or just smart positioning, it's working.

PI Chart Levels to Watch

Price now: $1.5389

Can Pi Hit $2?

If the Pi Core Team delivers anything big, such as Binance confirmation, an open main net launch, or even a roadmap with fixed timelines, the $2 level is in play. If not, we could see a sharp pullback right after the conference. Either way, May 14 is now the biggest day on Pi's calendar.

Until then, the whole market is watching.