Pi Network price skyrockets to $1.19, displacing Litecoin and Bitcoin Cash

The price of Pi Network managed to break the $1 mark again after a sharp rally that pushed its market capitalization beyond Litecoin (LTC) and Bitcoin Cash (BCH).

Investors are now pinning their hopes on the continuation of this upward trend, which was fueled by massive accumulation from crypto whales.

After showing a number of positive signals, Pi Network started a massive rally with a price surge of up to 50% in one day. Based on data from CoinMarketCap, Pi Network’s price reached a daily peak of $1.19, up from its previous level of $0.73 (12/5/25).

At that peak, Pi Network’s market capitalization shot up to over $8 billion, allowing it to unseat Litecoin and Bitcoin Cash. Pi Network jumped from 27th to the 18th largest cryptocurrency by market capitalization.

In addition to the surge in price and market capitalization, Pi Network’s trading volume also skyrocketed-beyond $1 billion, an increase of 600%. This increase makes Pi Coin the best performing asset among the top 30 cryptocurrencies by market capitalization.

While Pi Coin scored an impressive performance, LTC only gained 0.42% and BCH added $0.24 in the same period.

Previously, on-chain analysis had predicted that the price of Pi Coin could potentially surge by 100% earlier this week after the formation of the “Adam and Eve” technical pattern.

Beyond the positive on-chain data, Pi Network’s price rally was also fueled by massive accumulation from crypto whales. Ahead of this surge, an anonymous whale moved 70 million Pi from exchanges, which triggered the beginning of the price increase.

The price started to show a clear direction towards $1 after another whale bought 20 million Pi from the OKX exchange. At the same time, retail investors also started accumulating Pi Coin in large quantities, fueled by various positive fundamental factors surrounding the Pi network.

One of the main drivers was the anticipation of the Consensus Summit event in mid-May, which was expected to be the starting point of a major rally. Many investors took advantage of the discounted prices to accumulate more Pi.

In addition, the Pi Network core team (Pi Core Team) also actively purchases Pi Coin from centralized exchanges to stabilize the price after token unlock events.

Pi’s core team had previously signaled that there would be a big announcement on May 14, which added to the enthusiasm among the community.

In this very active market environment, there has also been speculation about the possibility of Pi listing on Binance, following a number of “rumored” test transactions.