Why Is Pi Network’s Price Surging Today?

Pi Network’s native cryptocurrency has seen a remarkable resurgence in the past few hours, with its price spiking to nearly $0.65 before slightly retreating to around $0.60 — still reflecting a 6% increase over the day.

The most likely driver behind this price rally is the broader recovery of the global cryptocurrency market, following recent developments in the ongoing global trade war.

Specifically, U.S. President Donald Trump has issued a 90-day suspension on most of the newly proposed tariffs. In addition, reciprocal tariffs have been lowered to 10% for over 75 countries currently seeking to renegotiate more favorable trade terms with the U.S. However, tariffs on Chinese imports have surged to 125%, reportedly due to a perceived “lack of goodwill” from the Asian nation.

Meanwhile, Bitcoin (BTC) soared to $83,000 before stabilizing around $82,000, and Ethereum (ETH) also climbed above $1,600 — signaling a wave of positive momentum across the crypto space.

Aside from macroeconomic influences, recent strategic moves have also helped strengthen confidence in the Pi Network ecosystem. Not long ago, the project announced a partnership with Banxa, a global payment service provider. Notably, Banxa reportedly purchased over 30 million PI tokens — signaling strong belief in Pi Network’s long-term potential.

According to Pi News — a media platform dedicated to the project — approximately 1.2 million PI tokens were bought by Banxa within just 48 hours, as announced on April 8.

“This demonstrates the community’s growing trust in Banxa. The more utilities there are, the higher the demand,” the platform stated.

The recent price surge has ignited enthusiasm among the Pi community, with some members expressing optimism about further price increases in the near future. A user on X named MOON JEFF predicted a clear recovery trend, envisioning a potential V-shaped pattern that could push the price beyond $2.50.