Last Updated on May 2, 2025
Summary:
- PI token reclaims the $0.61 level, up 14.5% this week amid renewed community confidence
- Mainnet migration efforts surge, with over 1.2 million wallets preparing for unlock eligibility
- Pi Network team confirms Phase 3 rollout and expands ecosystem grant funding
- Exchange speculation builds as more CEXs explore listings beyond IOU-based trading
- PlutoChain ($PLUTO) continues to lead the Bitcoin Layer-2 frontier with real-time smart contract deployment and active on-chain metrics
Pi Network Reclaims $0.61 as Momentum Builds
The Pi Network (PI) token is back in focus after reclaiming the $0.61 mark, rebounding from its monthly low of $0.51. The move represents a 14.5% price gain over the past week, as the ecosystem gains renewed traction among miners and early adopters.
Despite the token still trading primarily as an IOU on centralized exchanges, growing transparency around migration timelines has supported a shift in sentiment. Investor focus is turning back to fundamentals and the long-awaited open mainnet phase.
Mainnet Migration Accelerates Ahead of Phase 3
According to Pi Core Team updates released on May 1, over 1.2 million wallet addresses are now either KYC-verified or undergoing final migration checks. The team has reiterated its target to complete the Phase 3 rollout by Q3 2025, which would unlock token transfers, decentralized applications, and staking infrastructure.
In support of this transition, Pi Network announced a 5 million PI token grant pool for developers building within its PiOS (Pi Operating System) framework. Current use cases under development include:
- Community-based micro-economies and eCommerce dApps
- Social identity and wallet-based reputation layers
- DAO governance for in-protocol resource allocation
- Creator tipping and micro-payment systems
Early beta access to select apps is already underway, primarily targeting power users and early testnet validators.
Price Forecast: Will PI Hold Momentum?
Technical analysts are closely monitoring the $0.61 level as a key support. If the token maintains this price through the weekend, analysts expect momentum toward the $0.68–$0.74 range could materialize, especially if additional exchanges announce plans for post-mainnet listings.
Technical indicators as of May 2 include:
- RSI at 59, signaling a healthy uptrend without entering overbought territory
- Positive sentiment in Telegram and X (Twitter) communities, with “Pi Mainnet” trending
- Trading volume surpassing $42 million, mainly from IOU markets on HTX and XT.com
- DeFi builders discussing potential for wrapped PI tokens upon mainnet unlock
Still, risks persist given the lack of freely circulating tokens and full transparency around supply distribution.
PlutoChain ($PLUTO): Where Real-Time Execution Has Already Arrived
As many blockchain networks remain in migration or development phases, PlutoChain is already delivering real, modular infrastructure on top of Bitcoin’s base layer. It isn’t aiming for delayed innovation—it’s actively enabling it.
PlutoChain’s architecture is built for immediate functionality. By fusing the Celestia modular data layer with the OP Stack for smart contract execution, PlutoChain allows developers to launch scalable dApps secured by Bitcoin’s foundation.
Its early momentum speaks for itself:
- Over 113,000 testnet transactions, reflecting rapid developer adoption
- 32% intraday rebound post-correction, showing liquidity and market confidence
- A 120% price surge on launch day, outpacing early-stage competitors
- Live trading on Uniswap, giving investors and builders instant access to a Bitcoin-native DeFi ecosystem
- Full EVM compatibility, offering Ethereum-like flexibility with Bitcoin’s security benefits
Where many protocols are still focused on unlocking tokens or coordinating testnets, PlutoChain is writing the next chapter in Bitcoin’s evolution—not in theory, but in practice.
Final Thoughts
Pi Network’s steady rise back to $0.61 underscores the community’s belief in the project’s long-term vision. With migration numbers climbing and Phase 3 in sight, Pi’s fundamentals are aligning with market optimism—setting the stage for renewed utility and decentralized app growth.
At the same time, PlutoChain is executing with precision in the live arena, showcasing that Bitcoin can indeed support the smart contract era. As the rest of the market prepares, PlutoChain is already building—and delivering.
Disclaimer
This article is intended for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry significant risk, and markets are highly volatile. Always consult with a licensed financial advisor and conduct thorough research before making investment decisions.
