Pi Network’s PI Token Surges ahead of Pi Day
Pi Network’s native token, PI, has been on a winning streak for two days. The token hit an intraday high of $1.79 on March 13, a 42% jump from its lowest point this week. Its market cap is now over $12.2 billion, with daily trading volume doubling to $930 million.
Despite being 42.5% below its all-time high of $2.99 in February, PI has climbed the crypto rankings. It was ranked below 3,000 on CoinMarketCap a week ago but now sits at 11th place, surpassing major cryptos like Chainlink, Hedera, and Stellar.
Today’s gains come just before Pi Day on March 14, a notable event for the PI ecosystem.Users must complete KYC verification and migrate their testnet tokens to the mainnet by 8:00 AM UTC tomorrow. Failure to do so could result in losing their mined tokens. However, many users are facing technical issues with KYC verification.
Pi Network celebrates its sixth anniversary on Pi Day, marking its launch in 2019. A major event was the massive airdrop on Feb. 20, 2025, alongside the Open Mainnet launch. The total value of distributed Pi tokens reached $13.8 billion at its peak.
Speculation around a potential Binance listing is fueling the current rally. over 87% of participants in a February vote supported adding PI to Binance’s spot market, but Binance has not responded yet.
Technical indicators suggest PI’s uptrend may continue. On the 4-hour USDT price chart, PI is near the upper Bollinger Band, indicating strong buying pressure. With the Aroon Up at 78.57% and the Aroon Down at 0%, PI has room for further gains before hitting overbought levels.
Market commentators predict PI could reach $4 or even $10 in the coming weeks, driven by strong community backing.
