In less than 48 hours, the Pi Network (PI) token has recorded a price increase of more than 72%, bringing the cryptocurrency into the top 20 digital assets by market capitalization. The main driver behind this surge is the expectation of a major announcement from the Pi Network ecosystem, scheduled to be announced on May 14.

According to data recorded in the early morning of May 12 (EST), Pi has become the best-performing digital asset in the top 20 in seven days, with a gain of more than 50% in just 24 hours. The price jump came after a May 8 post on the X platform, hinting at an important announcement, although it did not provide many specific details.

In addition, Pi Network has recently announced improvements to expand the accessibility of its Mainnet ecosystem. Separating the wallet activation process from the migration process to Mainnet is considered a strategy to help millions of users quickly access and use Pi on the blockchain. According to the project, this change not only facilitates users but also promotes overall utility for developers in the ecosystem.

In addition to the technical improvements, there are many speculations that Binance — the world's leading cryptocurrency exchange — may be considering listing the Pi token in the near future. However, Pi is not currently officially traded on Binance, due to some issues related to token distribution and liquidity.

Technically, data from CoinGecko shows that Pi has been in a steep decline since its peak of $2.93 on February 27, falling below $0.50 in early April. However, since early May, Pi has shown clear signs of recovery, with a new peak of $1.43 - the highest level since March 16. As of now, Pi has increased by 118% in 7 days, ranking 17th in market capitalization with over $9 billion.

Pi Network's strong comeback shows great expectations from the user community, in the context that the blockchain ecosystem is entering a period of fiercer competition in terms of technology and practical application. All eyes are on May 14, the time expected to reveal Pi Network's next important step in its global development journey.