Strong jump supported by 'whales' 🐋🐳
This sharp rise is due to significant accumulation by whales, as one major investor transferred 70 million Pi coins from exchanges, contributing to a strong price surge. Another investor bought 20 million Pi from the OKX exchange, adding significant momentum to the upward trend.
Meanwhile, individual investors also moved to purchase large amounts of Pi coins, driven by positive factors including the upcoming 'Consensus Summit' scheduled for mid-May, which is expected to be a new starting point for the coin's prices.
Leaks have suggested the possibility of a major announcement on May 14 from the Pi team, which fueled market enthusiasm and increased buying activity, at a time when rumors about a potential listing of the coin on the global 'Binance' platform are growing, following a series of suspicious trial transactions that sparked market excitement.
In a move aimed at supporting price stability after the token unlock period, the Pi core team began accumulating large amounts of the coin from centralized exchanges, reflecting a desire to stabilize the market and protect the coin from sharp fluctuations.
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Pi Network price in dollars today
The price of Pi Network increased by 30.52% in the last 24 hours, reaching $1.26, according to 'coinmarketcap' data.
The daily trading volume reached $1.28 billion, making it the biggest winner among the top 30 cryptocurrencies by market value.
The market value reached $8.95 billion, surpassing Litecoin (LTC) and Bitcoin Cash (BCH), and it ranks 18th among the largest cryptocurrencies by market value, after being in 27th place before the rise.
