Overview
- PI climbed to about $0.199 at a five-week high with weekly gains near 20% and a market value around $2 billion.
- Protocol 22, completed April 27, raised scalability and transaction throughput and positioned the chain for a May Protocol 23 release that is expected to add smart contracts and cross‑chain links.
- Analysts highlight a neckline near $0.190, with a move above it pointing to $0.2045–$0.22 and, if momentum builds, possibly $0.234, while slips below $0.180 and toward $0.170 would warn of a pullback.
- More than 10 billion PI have migrated to mainnet with roughly 6 billion still locked, and over 1 million users have completed 526 million KYC checks, which eases near‑term selling and speeds migration for future exchange access.
- Attention has increased as the project prepares to appear at the Consensus 2026 conference in Miami on May 5–7, with co‑founders Nicolas Kokkalis and Chengdiao Fan scheduled to speak.