Massive Pi Network Buy-Up! 1.2M Tokens in 48H — Can Pi Price Hit $2.50 Next?

The Pi Network price has captured major attention after a strong 6% surge today. It had reached close to $0.65 before stabilizing around $0.60. This spike aligns with the broader recovery of the cryptocurrency market and strategic advancements by the Pi Network team.

Pi Network has slowly expanded its user base and partnerships, strengthening its foundation amid ongoing global market shifts. Pi’s new collaboration with Banxa is helping reinforce the growing bullish momentum surrounding the token.

Pi Network Price Jumps Following Market Sentiment Shift

The Pi Network price rally follows as the crypto market reacts favorably to geopolitical news, specifically US President Donald Trump’s declaration halting new tariffs. The move prompted rallies in Ethereum and Bitcoin. Bitcoin momentarily crossed $83,000, and Ethereum crossed $1,600. Emerging tokens such as Pi Network have naturally benefitted, as investors seek new opportunities in the altcoin sector.

BREAKING: 1.2 million $PI were purchased from Banxa in the last 48 hours.

Break down.
Wallet "URB" had a balance of 15.3M now at 14.7M $PI.
Wallet "LDB" had a balance of 15.3M now at 14.6M $PI.

This signals Community trust in Banxa.
More utilities more demand.#PiNetwork pic.twitter.com/T3W7i3NXJL

— Pi News (@PiNewsMedia) April 8, 2025

Reports suggest Banxa recently acquired over 30 million PI tokens. According to Pi News on X (formerly Twitter), 1.2 million PI tokens were purchased from Banxa within just 48 hours. These large-scale acquisitions hint at deepening trust in the Pi ecosystem, playing a crucial role in reinforcing the Pi Network Token price.

Technical Analysis Indicates Bullish Breakout for Pi Network

From a technical perspective, the Pi Network price has broken out of a falling wedge pattern, a bullish reversal signal. After a steep decline from nearly $3.00, the price found solid support around $0.42. It is rebounding by an impressive 66%. This breakout, in conjunction with the retest of the 25-period EMA, is indicating the token is starting to enter a phase of bullish momentum. This is providing an optimistic perspective for both current holders and prospective buyers.

Chart 1 – Provided by crispus9, published on TradingView, April 10, 2025.

The recent break over the $0.58–$0.60 level is important. Holding here might clear the way to the next significant resistance of around $0.81. Notably, crypto influencers like Moon Jeff on X have predicted optimism, suggesting that price could experience a V-shaped recovery. It may target the $2.50 mark if bullish trends persist.

$PI is also green.

A "V" curve might be an option here.
A recovery is possible.
Just waiting for the right moment. #PiNetwork pic.twitter.com/5JqzdaKK4v

— MOON JEFF 🪐 (@CRYPTOAD00) April 9, 2025

Volume trends and general crypto market movements will be critical in determining whether the momentum can be sustained. However, the overall technical analysis currently favors an optimistic outlook for the Pi Network Token price.

Development Updates and Future Prospects for Pi Network

Pi Network’s focus on development continues to instill long-term trust. The team is working hard to roll out decentralized applications (dApps) and is closer to an open mainnet phase. These actions are crucial to improve the network’s real-world usability, paving the way for more adoption and investment.

Strategic alliances such as Banxa not only increase liquidity opportunities but also enhance institutional reputation. As new features roll out and the ecosystem matures, Pi Network is well-positioned to become a leading token among emerging cryptocurrencies.

Pi Network’s Bullish Momentum Signals Bright Future

The surge in Pi Network price reflects a combination of strategic partnerships, technical breakouts, and rising community confidence. Though outside market forces will always have an influence, the project’s solid fundamentals and development roadmap indicate that Pi Network is poised for future growth.

As bullish momentum picks up and overall market sentiment is upbeat, the possibility of hitting targets of $2.50 becomes more feasible. With growing adoption and increasing institutional interest, the future for the Pi Network Token price is brighter than ever.