Today, the price of Pi Network increased by 20%, and the daily trading volumes of Pi Coin skyrocketed by 150% to $308 million.

Against the backdrop of a broader rally in the cryptocurrency market, the price of Pi Network is showing strength, having risen another 20% today, convincingly surpassing the resistance level of $0.65. Market analysts believe that the next destination could be a level above $1, as the native cryptocurrency Pi Coin is demonstrating strong accumulation by whales.
The trading volume of Pi Network surged by 150%
According to renowned analyst Moon Jeff, the Pi Network token has started to show significant movement on the charts. The cryptocurrency successfully broke through the micro resistance level of 0.65, signaling a potential bullish trend.
Market observers are now closely watching the price action of PI, and many are anticipating the next milestone at $1. Surprisingly, this target for Pi Coin is quite achievable, as today's price spike is accompanied by a 150% increase in daily trading volumes, surpassing $308 million.
Messages about the listing of Pi Coin on the cryptocurrency exchange Bi...ce have gained momentum again, which may serve as an additional catalyst for the altcoin. A major exchange listing can provide enormous liquidity for the cryptocurrency, increasing buying interest in Pi.
Moreover, there were talks that the volume of Pi Coin would jump by 5 billion coins. However, many of them are exiting centralized exchanges very quickly. Additionally, the Pi Core team hinted at important announcements that will take place next week, on May 14, which has caused excitement in the community.
The accumulation of Pi Coin Whale has sharply increased.
As part of an important event for Pi Network, 20 million PI tokens worth approximately 14 million dollars were purchased from O.X and transferred to private wallets in a single transaction earlier today.
This signifies the continuation of a growing trend, as millions of PI tokens are constantly being redeemed from exchanges and moved to wallets. Analysts suggest that this trend is a positive sign for cryptocurrency as it reduces the circulating supply on centralized exchanges (C.X), potentially creating increased demand and upward pressure on prices.
In addition, blockchain data also shows that the payment platform Banxa based on Pi Network acquired 10 million Pi tokens (PI) yesterday. The acquisition highlights the growing institutional interest in Pi Coin. Last week, Baxa received KYB approval to sell Pi Coin worldwide.