Pi Network (PI) has experienced significant volatility in May 2025, marked by rapid price surges and sharp declines. After reaching an all-time high of $2.99 in February, PI's value plummeted to approximately $0.40 in April. However, early May saw a resurgence, with the price climbing to $1.66, fueled by anticipation of a major announcement scheduled for May 14 at the Consensus 2025 event, where Pi Network's founder, Dr. Nicolas Kokkalis, is expected to speak .
This rally was further propelled by rumors of potential listings on major exchanges like Binance and Coinbase, as well as significant whale activity, including a 90 million PI token transfer . The trading volume surged to $1.9 billion, briefly positioning PI among the top 15 cryptocurrencies by market capitalization .
However, the momentum was short-lived. An 8 million PI token unlock led to a 25% price drop, bringing the value down to $1.10. With another 13 million tokens set to be unlocked on May 15, concerns about further price declines persist .
Analysts remain cautiously optimistic. CoinCodex projects PI's price could average $2.58 in May, with potential highs of $4.34, depending on the outcomes of the upcoming announcements . The Pi community is hopeful that the May 14 announcement will introduce significant ecosystem developments, possibly transforming PI into a widely accepted digital currency.
As of now, PI is trading at approximately $1.11, reflecting the market's anticipation and apprehension ahead of the forthcoming updates.
