PI Token Has Staged a Furious Comeback, Skyrocketing Over 15% to Reclaim the $0.70 Mark

After hitting rock bottom just a week ago, the PI token has staged a furious comeback, skyrocketing over 15% in the past 24 hours and reclaiming the $0.70 mark.

The price of PI, the native token of the Pi Network, has surged more than 15% in 24 hours, pushing it back above the $0.70 mark.

The token, which is currently ranked 31st largest cryptocurrency by market cap, has been an object of interest in the crypto sphere after smashing through an all-time low of $0.407 on April 5.

It was recently dragged down by the wider crypto market crash, which was sparked by Trump’s sudden trade war. With Bitcoin and altcoins bleeding across the board, PI looked finished. But the token surprised everyone. It rebounded hard, surging past $0.75 within 24 hours.

At the time of writing, PI is currently trading around $0.70, making it one another of the top-performing altcoins today, second only to BONK. Its market cap has also swelled to $4.7 billion.

Of course, perspective is everything. While this short-term recovery is impressive—over 50% gains in a week—it’s important to note that PI is still down 60% on the monthly chart. This means that while momentum is clearly returning, the climb back to previous highs (nearly $3) is still a steep one.

And there’s a storm cloud looming. On April 18, the Pi Network is set to unlock 10 million tokens, which could bring massive selling pressure into the market. Historically, token unlocks tend to shake confidence and cause price drops, especially when traders rush to offload their newly unlocked coins. If that happens, this bullish run might be cut short just as it starts to build steam.

But there’s also another side to the story. Some investors believe that PI’s sharp rebound indicates renewed faith in the project, particularly from the Pi Network community, which has remained surprisingly active throughout this turbulent period.

Others argue that this is simply a reactionary bounce—what traders call a “dead cat bounce”—fueled by short-term speculators seeking quick profits after a brutal dip.

Whatever the case, PI’s comeback has injected new energy into an otherwise jittery altcoin landscape. The crypto market as a whole is still licking its wounds from last week’s meltdown, and any token showing double-digit green is catching eyes right now.

Whether PI can sustain this rally or not may come down to two things: the market’s appetite post-token unlock, and broader macro sentiment, especially with uncertainty still swirling around inflation, Fed policy, and Trump’s ongoing tariff war. For now, one thing is clear: PI is back in the game, and it’s not quietly sneaking in—it’s making noise.