While Bitcoin and meme coins have been front-page news during this recent crypto rally, PI crypto has quietly shot up over 100% since the beginning of the month and 200% since the beginning of April .
After a month of being in a severe downtrend, from March 5 to April 5, which saw it lose roughly 90% of its market cap valuation, the PI token spent the following month, from April 5 to May 5, in a state of consolidation before its massive breakout around one week ago.
While everyone forgot about $PI, it printed over 200% in May! 🤯 pic.twitter.com/0EOVxKpDJW
— Crypto Guru (@BDCryptoGuru) May 12, 2025
What Caused PI Crypto To Break Out Of Its Heavy Downtrend?
Many thought PI crypto was dead after launching at the end of February 2025. Initially, it launched at $1.8 before dropping to $0.7. In the six subsequent days, it ran to $2.8, but once March began, the Pi network token began to freefall.
From March 5 to April 5, PI went from $1.9 down to $0.6, a 75% drop in less than a month. Most days during this period of turmoil, PI crypto was heavily featured on CoinGecko, under the ‘Top Losers’ column.
This month-long drop also saw PI’s market cap valuation go from $13.8 billion to just over $3 billion, wiping out over $10 billion. At launch, it was a top-20 token by market cap on CoinGecko, but at the bottom, it had fallen as low as 44th.
PI then spent most of April and the beginning of May consolidating, before breaking out on May 7. It spiked from $0.58 to $1.61 in just 5 days. However, PI crypto has since cooled off, dropping to $1.1.
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Holding this key support level above $1 is crucial for the PI token to keep its bullish structure intact. If this level is lost, a drop to around $0.78 could be on the cards due to the strong support between $0.77-0.8.
The reason for the PI crypto turnaround can seemingly be attributed to an X post made by the official Pi Network team on May 8. The post simply read, “A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next!”
While no further details have been released, we discussed the possibilities in yesterday’s article, from major wallet upgrades to an expansion into blockchain gaming.
Dr. Nicolas Kokkalis, the founder of Pi Network, is scheduled to speak tomorrow during the Consensus Conference 2025 in Toronto. It is during this talk that the ecosystem upgrade is expected to be announced.
Could This Presale Project Be The Next PI Coin? MIND Of Pepe Hits $9m In Presale Funding 18 Days From Launch
Many are calling for MIND of Pepe (MIND) to launch in 18 days and perform similarly to PI crypto in early May. While PI has surged over 100% in just a few days, MIND looks set to outperform it if pre-launch hype is anything to go on.
The MIND AI agent went live across X on May 10 and has since been scanning and absorbing market insight and data, relaying all of its findings to MIND holders. This new AI agent’s early success has led to an influx of fresh investment into the MIND of Pepe presale.
It crossed $9 million in funding yesterday and is already closing in on $9.2 million. With the agent in full flow online, sidelined investors are realizing the value in holding the MIND token, which has led to this recent flurry of presale purchasing.
Utilizing cutting-edge LLM (large-language model) AI technology, the MIND agent will absorb key market insight and trading data, parsing it into trading signals, early narrative spotting, and project alpha. All of the information gained by the agent will be passed on directly to MIND holders.
Only 18 Days Left To Participate In The MIND of Pepe Presale: Here’s How
For MIND token holders, staking is already live, with an eye-catching 248% APY currently available. In a sign of early investors’ long-term commitment to the project, nearly 1.4 billion MIND tokens have been staked.
The timer is quickly going down, with just 18 days left to participate in the MIND token presale before it goes live on exchanges.
To get started, head to the MIND of Pepe website, connect your wallet (for e.g. Best Wallet), and buy MIND using ETH, USDT, or bank card.
Best Wallet is available via the Google Play and Apple App Store.
Join the MIND of Pepe community on X and Telegram for all of the latest project updates.
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PI crypto has surged 200% since April and 100% in the last week alone
- The resurgence of the Pi Network token comes after a month long downtrend in March which saw it lose over 80% in valuation
- PI has spiked since May 8 when the official team X account announced a huge ecosystem upgrade on May 14
- MIND of Pepe could be the next PI after raising $9m in presale funding and following the successful launch of its AI agent
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