After weeks of painful red candles and setting new lows again and again, Pi has finally given its holders something to cheer about. Today, the coin jumped more than 25% within a few hours, climbing back above the $0.75 mark.
For anyone who’s spent the past month watching it fall nearly every day, this kind of move came out of nowhere – and probably caught more than a few people off guard. So what caused the sudden spike?
Table of Contents
Real Usage Is Getting Noticed Again
Lately, a few headlines have brought fresh attention to businesses accepting Pi as payment. The most recent example is a Korean skincare company that now allows purchases in Pi – and that caught the attention of crypto media and Pi users online.
The same articles also mentioned that Zito Realty, a Florida-based real estate agency, has been accepting Pi since last month. These aren’t massive names, but they are real companies, offering real products and services – and for a coin that’s been slammed as “pointless” by its critics, that kind of thing still matters.
These stories helped remind investors that Pi isn’t just an idea or a button you tap on your phone – people are actually using it. That kind of reminder, after weeks of negativity, can be enough to shift sentiment fast.
The Banxa Effect
Probably the biggest reason Pi moved so sharply, though, is because of Banxa.
Earlier this week, the coin became available on Banxa’s fiat onramp platform – meaning people can now buy Pi directly using regular money. That kind of access always helps a coin’s visibility, but in this case, there was more to it.
Banxa didn’t just list Pi – it reportedly bought over $30 million worth of tokens. That’s a big deal on its own. But even more impressive is what happened after: according to early data, over 1.2 million Pi were purchased by users in the first two days.
Crypto Is Looking Healthier Again
Pi doesn’t move completely on its own. Like most altcoins, it tends to follow the mood of the wider crypto market. And this week, that mood has improved.
Donald Trump’s decision to pause the next round of tariffs gave markets some breathing room. Risk assets got a lift, and crypto followed. Bitcoin and other major coins bounced, and Pi – already heavily sold off – was in a perfect position to jump harder than the rest.
Part of it is simple: when something drops from nearly $3 to under $0.60, even a small shift in sentiment can make a big impact.
Was the Selling Just Done?
There’s also a more simple explanation: maybe the selloff just ran out of steam.
After weeks of falling with barely a pause, Pi finally hit a point where there just weren’t that many people left to sell. Some investors probably gave up, but others were waiting for a sign that it wasn’t going to keep dropping forever.
This bounce – even if it turns out to be short-lived – gave those people something to work with. The price held, the volume returned, and suddenly the chart didn’t look so hopeless anymore.
A Quiet but Important Update
While all this was happening, the Pi Core Team didn’t post anything on X (they’ve been quiet since April 1). But they did quietly publish a blog update on the Pi Ad Network – a program that lets developers show ads in Pi apps and get paid in Pi.
The update wasn’t flashy, but it’s actually meaningful. It signals a new phase of platform development and pushes for more real-world use of the coin. Advertisers will need to spend Pi, and developers will be paid in it. If it works, it could create more demand and build a stronger economy inside the Pi ecosystem.
That’s the kind of thing Pi holders have been asking for: utility, not just hype. It’s too early to know how successful the program will be, but the fact that it’s moving forward – quietly or not – is still a positive sign.
Is This the Start of a Recovery?
It’s too soon to say that Pi is back for good. The coin is still down over 74% from its high, and 53% just last month. The Pi Core Team hasn’t made any big announcements. And the project is still facing pressure from its high token unlock rate and missing exchange listings.
But this bounce feels different than the tiny attempts we saw earlier this month. It had volume, catalysts, and followed real developments. And it showed that, even after all the red candles and all the frustration, people are still watching Pi.
If it can stay above $0.75 and avoid giving it all back, there’s a chance for a proper trend reversal. But if this turns out to be just another temporary spike, the next drop might hit even harder.
Read also: Can Pi Network Token Reach $1,000? A Serious Analysis
