Islamabad, May 12, 2025: The crypto currency market has been taken by surprise as Pi Coin experienced a dramatic 35% price surge, recovering to the $1 level and reaching a peak of $1.29.
As a result of the rally, Pi’s total market value exceed to $8 billion, surpassing Litecoin (LTC) and Bitcoin Cash (BCH), as reported.
The surge is attributed to large movements of Pi coins by large institutional investors, known as “whales.”
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One such whale transferred 70 million Pi coins off exchanges, triggering the initial price spike, while another 20 million Pi were moved from OKX shortly after.
As these large transfers took place, retail investor interest surged, pushing trading volumes beyond $1 billion, a remarkable 278% increase in activity.
In contrast, both Litecoin and Bitcoin saw only modest gains, further underscoring Pi Coin exceptional growth.
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Attention is now shifting toward the upcoming Consensus Summit in mid-May, where traders speculate a long-term Pi rally could begin.
The Pi Core Team is also actively purchasing Pi from exchanges to stabilise the price following the latest token distribution, heightening anticipation for a major announcement on May 14.
Rumours of a potential Binance listing are circulating, fuelled by what are being described as “test transactions.” With strong fundamentals and growing investor confidence, Pi Coin’s upward momentum shows no signs of slowing down.
