The price of Pi Coin (PI) saw a sharp 12% rise in the last 24 hours, briefly touching $0.6206 before pulling back slightly.
The sudden interest in the coin seems to be linked to a short but powerful message from the Pi Network team: "A Pi ecosystem announcement will be released on May 14. Tune in to find out what's coming next!"
That one line was enough to spark excitement among Pi holders and crypto traders. With little detail but a big promise, many in the community are now speculating that the long-awaited launch of Pi’s full ecosystem or mainnet might finally be around the corner.
The buzz pushed Pi’s market cap up to $4.37 billion — a 10.5% increase — and daily trading volume jumped 74% to $109.65 million. Clearly, investors rushed in, hoping to get ahead of the news and possibly catch a bigger rally if the upcoming announcement turns out to be something major.
However, like most quick pumps, the price couldn’t stay at the top for long. By the time of writing, Pi Coin had settled back a bit, now showing a 7.17% gain in the past 24 hours. Still, the interest around the coin is clear, and all eyes are now on May 14.
The Pi Coin pump didn’t happen in isolation — the broader crypto market is heating up too. Bitcoin (BTC) just smashed past the $99K mark, while Ethereum (ETH) is hovering around $1,899. With the global crypto market cap climbing to $2.98 trillion, up 1.47% in the past day, the bullish momentum is hard to miss.
For Pi supporters, the sudden price surge shows just how closely the community is watching. Whether the May 14 announcement brings a real breakthrough or not, the reaction alone proves one thing — people haven’t given up on Pi yet.
