The price of Pi Network currency in dollars today, Monday, May 12, 2025

A strong surge supported by the 'whales' 🐋🐳

This sharp rise is attributed to significant accumulation by whales, as one major investor transferred 70 million Pi coins from exchanges, contributing to a strong price spike, while another investor bought 20 million Pi from the OKX exchange, adding substantial momentum to the increase.

In parallel, individual investors have also been purchasing large quantities of Pi, driven by positive factors including the upcoming 'Consensus Summit' scheduled for mid-May, which is expected to be a new launching point for the currency's prices.

Leaks have also indicated the possibility of a major announcement on May 14 from the Pi team, which has fueled market enthusiasm and increased the pace of buying, at a time when rumors are growing about a potential listing of the currency on the global 'Binance' platform, following a series of suspicious experimental transactions that ignited market excitement.

In a move aimed at supporting price stability after the token unlock period, the core Pi team has begun accumulating large amounts of the currency from centralized exchanges, reflecting a desire to stabilize the market and protect the currency from sharp fluctuations.