Pi Coin Enters Top 20 Crypto Ranking on CoinMarketCap

The Pi Network’s native crypto, Pi Coin, has ascended to the top 20 list of cryptocurrencies by market price. This achievement comes thanks to rising investor interest and a significant update to its ecosystem.

According to CoinMarketCap’s most recent data, Pi is presently ranked 18th with a market capitalization of approximately $8.26 billion, indicating that it has maintained considerable investor interest and momentum. This rise has pushed it narrowly ahead of UNUS SED LEO (LEO) and Toncoin (TON), which are currently ranked 19th and 20th, respectively.

Pi Coin Enters Top 20, Source: CoinMar k etCap

Pi Coin has surged over 100% in just one week, and about 56% in the past month. It’s now trading around $1.18, although prices vary because it’s not listed on many major exchanges yet.

Recently, Pi Network has introduced a new Mainnet Wallet Activation feature to improve user access. The update allows identity-verified users (KYC)—both fully and tentatively verified—to activate their wallets and access the Pi Mainnet through the Pi Wallet app in the Pi Browser.

Earlier, on May 10, a whale investor purchased 20 million Pi Coins from the OKX exchange for around $14 million and moved them to private wallets. This massive buy-in resulted in a lack of supply on exchanges, boosting bullish sentiment and demand for the coin. Many people refer to this as a “Bitcoin 2011 moment,” meaning that it is a unique early entry.