Mid-May Rally for Pi Network? Analysts Predict Surge, Skeptics Sound Alarms

As excitement brews around Pi Network, cryptocurrency analyst Dr Altcoin has forecasted a potential price rally for Pi Coin starting mid-May. According to Dr Altcoin, the much-anticipated surge could coincide with the Consensus Summit 2025, where Pi Network’s founder is scheduled to deliver a keynote address.

“I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14-16, 2025) rather than at the end of August when Pi unlocking significantly reduces,” Dr Altcoin wrote in a recent X post.

The analyst’s prediction marks a shift from earlier expectations that the rally would only kick off after Pi’s unlocking event later this year, which is set to release 212 million Pi Coins into circulation. Dr Altcoin points to the momentum surrounding the Consensus event and Pi Network’s ongoing development efforts — including DApp launches and regulatory steps — as key drivers for the earlier timeline. However, he cautioned that external factors, such as suspicious activity on platforms like Banxa, could introduce volatility.

Beyond technical projections, community sentiment is also playing a crucial role. According to a Binance post, a significant number of Pi “whales” — large holders of the coin — have not yet completed the final steps of migration or KYC (Know Your Customer) verification. These holders, stuck at migration Step 9, could be sitting on massive wealth once they are fully onboard.

“All those pioneers stuck in the step 9 stage and also those with KYC issues are whales ready to explode when their Pi is migrated,” a Binance user wrote.

He described Pi’s development as a “complete metamorphosis,” comparing its journey to that of a housefly, moving from development to publicity, and now preparing for what he calls the “skyrocketing stage.”

Still, not everyone is convinced the future of Pi Network is as bright as it appears.

Another post on Binance takes a sharply critical stance, calling Pi Network potentially “the biggest soft scam in the history of cryptocurrencies.” The user raises concerns over several issues — from the project’s reliance on “psychological manipulation” by offering free mining, to accusations of pyramid-like referral structures, lack of transparency, and mass collection of personal data.

“Pi Network is not just a suspicious coin—it’s a project built on psychological manipulation, personal data collection, and a financial plan that paves the way for a massive digital wealth dump,” the user wrote.

They argue that when Pi becomes tradable, the core team, who allegedly hold over 20–25% of the coins, could flood the market, cashing out while retail investors bear the losses.

With Pi Network nearing its moment of reckoning at Consensus 2025, the project stands at a crossroads.

Is it a revolutionary trial finally approaching readiness, or an expertly bundled deception that will fall apart the moment it makes it to open markets?

The more hype accumulates, the higher the stakes, and the next few months may settle for good whether the promises of Pi were ever anything more than mere smoke and mirrors.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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