#pi BOOM💥
May 12, 2025: Pi’s price rallied 105% over the past 12 days to $1.25, driven by anticipation of a major ecosystem announcement slated for May 14. Traders noted the token holding above its 50- and 100-period EMAs, signaling sustained bullish momentum .
Stress-Test Event: Earlier on May 12, 5 billion Pi coins briefly appeared in circulation then vanished within an hour—widely interpreted as a planned stress-test by the Pi Core Team or a partner exchange, likely to verify readiness for Open Mainnet launch or a CEX listing .
Whale Accumulation: A single whale moved 90 million Pi coins off exchanges, sparking a 278% surge in 24-hour trading volume and driving the price up to $1.29, pushing Pi’s market cap past $8 billion .
Market-Cap Milestone: Pi overtook Litecoin and Bitcoin Cash, climbing to the 18th largest cryptocurrency by market capitalization, with daily volumes topping $1 billion .
Technical Breakout: Analysts highlight Pi’s breakout from a long accumulation phase, trading above the 10-, 20-, and 50-day EMAs/SMA, which typically supports further upside so long as price remains above $0.80 .
Consensus 2025 Summit: With Pi’s founder set to speak at Consensus 2025 on May 16, the community is optimistic about mainnet launch details and potential new partnerships .
