Leading Predictions for Pi Network (PI): 13% Weekly Price Surge, What Lies Ahead?

The native cryptocurrency of the Pi Network has shown impressive gains, spiking above $0.46 before settling at $0.40, a 13% weekly increase. However, the crypto community is divided about the coin's future, with some analysts remaining bearish due to growing exchange reserves and imminent token unlocks. TransFi's recent partnership as a KYB-verified fiat on-ramp partner via Onramper, allows direct PI purchases with local currency.

Additionally, the .pi domain auction has been extended to September, enabling users to create simple wallet addresses. Despite these developments, the rising amount of PI on exchanges and the upcoming release of almost 170 million PI tokens in the next 30 days may increase selling pressure, potentially impacting the price negatively.