On May 12, 2025, the Pi Network token (pi) surged in price by 72% in 48 hours, briefly entering the top-20 cryptocurrencies by market capitalization, ranking 17th on CoinMarketCap. According to @clarkron_2008 on X, this spike occurred ahead of a major ecosystem announcement scheduled for May 14. The price of PI reached $1.77, while the daily trading volume amounted to $500 million. The excitement is fueled by a potential listing on Binance, where 86% of users supported the addition of PI. However, the high network inflation (231% annually) and disputes over the project's reliability raise concerns. Analysts at HTX Research warn of a possible correction to $1.34 in the event of mass sell-offs. Stay tuned for news and join #MiningUpdates
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