Pi coin, the much-talked about mining-centric cryptocurrency, has surged by nearly 37.5% in the past seven days, rising from $0.1343 to as high as $0.2053 earlier this week.
The surge in Pi coin price comes as the blockchain underwent a series of upgrades last week. On February 12, the Pi Network announced on X that every node must upgrade to the latest version (v.19.6) to remain connected to the network.
At the time of publishing, Pi coin was trading near $0.1871 with a notable trading volume. It is currently 41st largest crypto asset in the world by market capitalization, which sits near $1.68 billion, as per CoinMarketCap data.
Surge in Pi network’s popularity
The project blew up massively because of its mobile “mining” feature, amassing millions or users throughout years, with the mainnet launch anniversary coming up on February 20, 2025. The tap-to-mine setup on phones hooked people who were unable to access traditional crypto mining.
A year into open mainnet, the network has over 16 million users who completed KYC and migrated balances, with mid-February upgrades unblocking another 2.5 million stalled accounts.
With the network’s one-year mainnet anniversary hitting tomorrow, buzz around ecosystem apps, merchant growth, and smoother node performance has traders and longtime holders piling back in, fueling the volume spike and price run.
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