Pi Network Explodes! Price Skyrockets 35%, Beats Litecoin Amid Binance Listing Speculation

Pi Network Surges 35%, Surpassing Litecoin Amid Binance Listing Speculation

In a dramatic twist that has caught the attention of the crypto world, Pi Network (PI) experienced a massive price surge of over 35% within a 24-hour window, propelling its market value past that of long-established cryptocurrencies like Litecoin.

At the time of this report, Pi Coin has officially surpassed Litecoin on CoinMarketCap’s ranking, climbing to the 18th position in global cryptocurrency standings, while Litecoin sits at 23rd. The rise comes amid a trading frenzy that saw Pi's 24-hour volume soar to approximately $1.9 billion, signaling strong investor confidence and heightened interest.

What Triggered the Surge?

The sharp upward momentum in Pi’s price—peaking at $1.29 and briefly touching $1.40 on some exchanges—was reportedly fueled by a significant transaction involving 90 million PI tokens. This large-scale movement of coins, presumably from institutional or whale-level holders, sparked widespread speculation about a potential upcoming listing on Binance, one of the world's largest cryptocurrency exchanges.

Retail investors quickly took notice. The Pi community on social media platforms such as X (formerly Twitter), Telegram, and Reddit has been buzzing with theories and hopes that the coin may soon be made available to a much broader audience through a Binance listing.

Pi's Unique Model and Growing Ecosystem

Unlike traditional cryptocurrencies, Pi Network employs a novel consensus algorithm that allows users to mine on mobile devices without excessive energy consumption. Its eco-friendly and user-inclusive model has attracted a strong global following, with over 60 million users registered on the network.

The Pi Core Team has also emphasized strict KYC (Know Your Customer) protocols to ensure transparency and regulatory compliance. In fact, Pi is the only crypto project that mandates KYB (Know Your Business) for centralized exchanges (CEXs) that wish to integrate the token, setting a precedent for regulatory integrity in the space.

Source: CoinMarketCap

The network’s ecosystem is expanding steadily. Currently, the only DApp officially approved by the Pi Core Team is Fruity Pi, a casual game developed by the reputable Article 19 Group, whose clientele includes corporate giants such as Disney, Nintendo, HP, and Unilever. However, the ecosystem is expected to expand rapidly as developers gear up for the anticipated Open Mainnet phase.

Market Capitalization and Dominance

The recent surge has boosted Pi’s market capitalization to over $8 billion, outpacing both Litecoin and Bitcoin Cash. This milestone is significant considering that Litecoin, once dubbed the "silver to Bitcoin’s gold," has been a foundational asset in the cryptocurrency space for over a decade.

For context, Litecoin’s current market cap stands at approximately $7 billion. Pi Network surpassing such a long-standing token reflects not just market enthusiasm but a shifting paradigm in what users and investors are beginning to value in crypto projects—namely, ease of use, scalability, and real-world utility.

The Binance Effect

While there has been no official confirmation from Binance regarding a listing, the very possibility has proven to be a potent driver of market behavior. Binance listings have historically resulted in significant short-term price appreciation for newly listed tokens, driven by increased visibility and accessibility to millions of global users.

A potential Binance listing for Pi would mark a turning point in the project’s development, transitioning it from a mostly closed mainnet testing environment to full market integration. This shift could unlock liquidity, allow for easier onboarding of retail and institutional investors, and accelerate development across its ecosystem.

Anticipated Core Team Announcement

Adding to the fervor is speculation that the Pi Core Team may release a major announcement on May 14. While details remain under wraps, community members believe it could relate to the Open Mainnet launch, new partnerships, or developer grant programs aimed at accelerating application development within the ecosystem.

, Pi Network (PI) experienced a significant surge in trading volume today, reaching approximately $1.9 billion over the past 24 hours. This spike coincided with a sharp price increase, with PI rising over 35% to a peak of $1.29, and even touching $1.4 on some exchanges .

The… pic.twitter.com/89LotOxKiE

— Mr Spock 𝛑 (@MrSpockApe) May 13, 2025

Historically, key announcements from the Pi Core Team have had measurable impacts on user engagement and token performance. Should the May 14 announcement confirm any major step forward, further price movement may follow.

The Skepticism and the Reality

Despite the excitement, skeptics remain cautious. Pi Network has faced criticism for its extended testnet phase and the fact that, as of now, the token is not yet available for public trading on major exchanges like Binance or Coinbase. Furthermore, many of the circulating supply figures are estimates, as most tokens remain locked pending full KYC verification and ecosystem integration.

Nevertheless, the recent price movement and community traction are hard to ignore. They suggest that Pi is moving closer to becoming a mainstream crypto asset with tangible utility, regulatory foresight, and a loyal user base.

What This Means for Investors

For early adopters and new investors alike, Pi's ascent serves as a case study in the importance of community-driven development and strategic execution. The network's approach—centered around inclusive growth, regulatory compliance, and ecosystem utility—has resonated strongly with a global user base increasingly looking for alternatives to energy-intensive or speculative cryptocurrencies.

If Pi Network can successfully transition into the open market and secure key exchange listings, it could redefine expectations around mobile-first, eco-friendly blockchain projects.

Conclusion

The meteoric rise of Pi Network underscores the dynamic and often unpredictable nature of the cryptocurrency market. From speculative rumors to ecosystem milestones, a variety of factors have converged to push PI into the spotlight.

With a market cap now eclipsing major players like Litecoin and trading volume nearing $2 billion, all eyes are on the Pi Core Team’s next move. Whether it’s a Binance listing, a full Open Mainnet launch, or expanded DApp integrations, one thing is clear—Pi is no longer just a mobile mining experiment. It’s a major contender in the evolving landscape of digital assets.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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