Pi Network’s Native Token Cracks Top 20—Just as Crypto Bros Start ’HODL’ Memes

Move over, Cardano—there’s a new contender in crypto’s elite tier. Pi Coin’s sudden surge past $37.50 propels it into CoinMarketCap’s top 20, flanked by veterans like Polygon and Litecoin.

How? A mix of Mainnet hype and that classic crypto formula: take an obscure asset, add influencer shills, and wait for retail FOMO. The 24-hour trading volume ($890M) suggests hedge funds are already circling like vultures over a dying metaverse project.

Fun fact: This puts Pi’s market cap ($9.8B) above Deutsche Bank’s valuation. Because nothing says ’sound investment’ like a token mined on smartphones outperforming a 153-year-old financial institution.

Pi Coin has surged over 100% in just one week, and about 56% in the past month. It’s now trading around $1.18, although prices vary because it’s not listed on many major exchanges yet.

Recently, PI Network has introduced a new Mainnet Wallet Activation feature to improve user access. The update allows identity-verified users (KYC)—both fully and tentatively verified—to activate their wallets and access the Pi Mainnet through the Pi Wallet app in the Pi Browser.

Earlier, on May 10, a whale investor purchased 20 million Pi Coins from the OKX exchange for around $14 million and moved them to private wallets. This massive buy-in resulted in a lack of supply on exchanges, boosting bullish sentiment and demand for the coin. Many people refer to this as a “Bitcoin 2011 moment,” meaning that it is a unique early entry.

Also Read: Pi Coin Price Doubles in a Week Ahead of Big Announcement