Pi Coin rises 29% Ahead of Announcement on May 14

Pi surged nearly 30% in the past 24 hours, currently trading at $0.9454, amid speculation about an important announcement from the ecosystem scheduled for May 14.

The market capitalization has increased to $6.68 billion, while the 24-hour trading volume has exceeded $486 million, up 38% from yesterday. A teasing remark from the Pi group seems to have been enough to stir the community. Many are currently betting that the mainnet or the long-awaited entire ecosystem might finally be deployed. This move is not a one-time event—Pi has increased by 58% this week and has similarly done so over the past month. In a market where most coins only see slight increases, Pi clearly stands out. To give you a better understanding, the total cryptocurrency market has only increased by 1.30% in the past 24 hours, currently at $3.33 trillion. Now all attention is focused on May 14th. The message is very clear: something big is about to happen and those holding Pi will not wait to find out afterwards.