Analysis: Why is the price of PI showing exorbitant gains?

After a long period of decline and uncertainty, many users on social media are celebrating today that Pi is finally recovering strongly. In various forums, the recent surge in its value has been discussed, and some trust that this upward trend will continue in the coming days.

At the time of writing, the price of Pi is trading at 1.24 USD, with daily gains of 31%, weekly gains of 112%, and monthly gains of 86%. It is an incredible rise that doubles its value compared to the 0.57 USD from May 7.

The recovery of Pi is undoubtedly positive, as the cryptocurrency has regained the psychological and symbolic level of 1 USD.

The recent momentum of Pi is supported by the activity of large investors. Just before the surge began, an anonymous whale withdrew 70 million Pi from exchange platforms, which seems to have been the trigger for this rise.

Shortly after, another whale purchased 20 million Pi on the OKX exchange, thus paving the way towards the dollar mark. At the same time, thousands of small investors began to accumulate Pi, motivated by the good news and developments within the ecosystem.

Among the key factors driving this trend is the expectation that the Consensus Summit, scheduled for mid-May, will mark the official start of the surge. Many are taking the opportunity to buy coins at still low prices.

Moreover, the Pi team has begun to acquire Pi on centralized exchanges with the aim of

$Pi