Pi Coin saw a sharp 12% jump in the last 24 hours, briefly touching $0.6206 before pulling back slightly. The sudden price spike came right after the Pi Network team dropped a short but powerful message: “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.