PI Surges 13% Ahead of Pi Day: Will the Momentum Continue?

The native token of Pi Network, PI, continued its upward trend for the second consecutive day fueled by community excitement ahead of Pi Day.

Data from crypto.news indicates that Pi Network (PI) reached an intraday peak of $1.79 on March 13, marking an increase of nearly 42% from its weekly low. The market capitalization stood at just over $12.2 billion, with daily trading volume doubling from the previous day to exceed $930 million at the time of this report.

Despite still being down over 42.5% from its all-time high of $2.99 in February, PI has made a significant leap in its rankings.

Just last week, it ranked below 3,000 on CoinMarketCap, but it has now surged to the 11th position, surpassing major cryptocurrencies including Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). Currently, its circulating supply is more than 7.13 billion tokens.

The gains observed today come just before Pi Day on March 14, an important event for the PI ecosystem. Users must complete their KYC verification and migrate their mined tokens from the testnet to the mainnet by 8:00 AM UTC tomorrow to avoid losing their mined tokens.

Unfortunately, many users are facing challenges with KYC verification due to ongoing technical issues, complicating the process of transferring their PI coins to the mainnet.

This date also marks the sixth anniversary of Pi Network, having launched on March 14, 2019, along with its mobile app and whitepaper.

A significant event in Pi Network’s history was the considerable airdrop on Feb. 20, 2025, coinciding with the launch of its Open Mainnet. Following the launch, Pi Coin experienced major price fluctuations, initially soaring to $1.97, dropping to $0.737 the following day, and bouncing back to $1.29.

At its highest point, the total waarde of the distributed Pi tokens reached $13.8 billion. To date, 7.13 billion tokens have been distributed, with an additional 188 million PI tokens set to be unlocked this March for over 1 million users.

Despite the significant influx of supply entering circulation, it is unlikely to impact the price significantly, as 63% of Pi tokens are locked for three years and another 14% for one year. This means most of the unlocked tokens will not enter the market immediately, assisting in price stabilization.

One of the primary drivers for the ongoing rally is the speculation surrounding a potential listing on Binance. In a vote conducted in February, over 87% of participants favored adding PI to Binance’s spot market, but the exchange has yet to respond, leaving its listing status uncertain.

Currently, PI is available on leading centralized exchanges such as OKX, MEXC, Gate.io, and Bitget, among others.

PI Price Analysis

Technical indicators suggest a likely continuation of PI’s upward trajectory.

On the 4-hour USDT price chart, PI has been trading near the upper Bollinger Band, reflecting robust buying pressure that supports the bullish trend.

With the Aroon Up at 78.57% and the Aroon Down at 0%, a high Aroon Up value indicates frequent new highs, while the lack of Aroon Down suggests minimal bearish influence.

The Relative Strength Index is at 60, which leaves room for further gains before reaching overbought conditions. However, as it nears this range, we could see a minor pullback before the potential continuation of the bullish trend.

Thus, PI is expected to maintain its rally towards the psychological resistance level at $2, which previously served as a barrier on March 5. A breakout above this level could push the token higher, possibly retesting its previous all-time high.

Market analysts have expressed long-term bullish outlooks for PI, anticipating it could reach $4 and beyond in the following weeks.

Additionally, some community members have proposed even higher targets, with suggestions that strong community support could drive the price to $10.