Pi Network announced on social media platform X (formerly known as X) that there will be an ecosystem announcement on May 14, 2025. This announcement coincides with Consensus 2025 in Toronto, which is one of the largest global crypto events.
The timing of choosing May 14, as the announcement date is strategic as it coincides with Consensus 2025. At the event over 6,800 companies and leaders from over 100 countries will be present. The event is basically a global launchpad for partnership, funding, and product reveals. Making an announcement about an ecosystem upgrade will gather a great amount of attention for Pi Network.
The Pi network recently also announced new features that allow millions of identity-verified users both-fully and tentatively KYC’d-to-activate Mainnet wallets and directly participate in the Pi blockchain ecosystem.
Mainnet Wallet Activation: Broadening Participation
The newly released Mainnet wallet activation feature expands access for Pi users. Before this feature was introduced, users had to complete a complex migration process to engage with Mainnet utilities. Now, any identity-verified Pioneer can activate the wallet and unlock access to Pi apps, local commerce, and events such as the .pi Domains Auction without waiting for full migration.
Another feature added also introduces third-party onboarding, with verified services like Banxa authorized to perform KYC checks. This allows newcomers who missed the mining phase to create Mainnet wallets, further broadening ecosystem participation.
While these wallets allow interaction with Pi’s blockchain, they do not allow immediate access to Pi tokens or accelerate the migration process.
Ecosystem Growth and Market Momentum
Pi Network’s user base has surpassed 55 million, and is being supported by thousands of ecosystem apps and is a fully live Open Network. The expanded wallet access is expected to bring in more engagement, more transactions, and faster developer feedback. All of this will push Pi’s transition from concept to a functional decentralized system.
Pi Coin Price Impact
As soon as the post about the ecosystem reveal date was put up on X, the price of Pi coin surged immediately. At press time, the price of the token stands at $0.6269 with a surge of 8.2% in the last 24 hours as per CoinGecko.
As per analysts, technical indicators are currently showing bullish momentum. Analysts also believe that there could be a potential breakout if the update meets market expectations. Also, if the upgrade is up to the mark, there are chances that the token gets listed on major exchanges such as Binance and Coinbase.
Also Read: 1.3M Pi Network Tokens Transferred to OKX, Price Surges 6%
