As of May 14, 2025, Pi Network (PI) is trading at approximately $1.19 USD, reflecting a 7.8% increase over the past 24 hours. The token has experienced a significant rally, with a 105% gain over the past week, and a 24-hour trading volume exceeding $846 million.
Key Developments:
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Consensus 2025 Announcement: Today, Pi Network is expected to unveil major ecosystem updates at the Consensus 2025 conference. Anticipated announcements include the release of its open-source code, updates to its mobile applications, and the shutdown of its central node, signaling a move toward full decentralization.
Exchange Listing Speculation: There is speculation that Pi Coin may be listed on the HTX exchange as early as tomorrow. Analysts suggest that such a listing could propel the token's price toward the $2 mark.
Token Unlocks: Recently, 8 million PI tokens were unlocked, leading to a 25% price drop. An additional 13 million tokens are scheduled to be released on May 15, which could introduce further volatility.
Market Outlook:
Analysts remain optimistic about Pi Network's trajectory, citing its recent price breakout and growing ecosystem. Predictions suggest that the token could reach $2 in the near term, with potential highs of $3 by the end of the year, contingent on successful ecosystem developments and exchange listings.
Please note that Pi Network is still in its testnet phase, and the tokens are not yet transferable on the mainnet. Investors should exercise caution and conduct thorough research before making investment decisions.
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