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Pi Network’s token rose more than 5% on April 29 as the project prepared for Consensus 2026 in Miami on May 5 to 7, where both co-founders, Dr. Chengdiao Fan and Nicolas Kokkalis, are confirmed speakers. The appearance is described as Pi’s most prominent mainstream industry stage since its Mainnet launch.
As of April 29, Pi (PI) had risen approximately 11% on a weekly basis, outperforming most large-cap altcoins during a broader market decline attributed to FOMC and uncertainty related to Iran. On April 29, PI was reported up 5% on the day and trading near $0.60.
According to CryptoPotato data cited in the article, PI was the top performer among the 50 largest altcoins on April 29.
Pi Network is an official sponsor of Consensus 2026 Miami. The article also highlights several operational and development metrics, including 421,000 active Mainnet nodes and over 10 billion PI migrated to Mainnet.
On the upgrade timeline, the article states that the Protocol 22.1 upgrade deadline passed on April 27, disconnecting nodes that failed to update and setting up the network for Protocol 23, which is described as introducing full smart contract functionality across Pi Mainnet.
The Protocol 23 deadline was moved from May 18 to May 11, bringing the smart contract activation closer to the Consensus 2026 window. The article says a successful Protocol 23 activation before or during the conference would provide a concrete technical milestone for the co-founders to reference on stage.
It also notes that Protocol 23 is now targeted for May 11.
The article characterizes PI’s historical reaction to technical milestones as often resembling sell-the-news rather than a structural re-rating. It cites that nearly 3 million PI moved to centralized exchanges ahead of the Protocol 22 deadline, and that approximately 200 million PI is scheduled for unlock over the next 30 days.
Against that backdrop, it frames the pre-Consensus rally as potentially vulnerable if the event does not bring substantial partnership announcements or a meaningful Protocol 23 update. Conversely, it suggests that if new technical or commercial developments are delivered, gains could extend beyond the event.
The article also references Galaxy Research, which reportedly assigned 50-50 odds that Pi’s community momentum would translate into durable institutional adoption in 2026.
Pi Network has confirmed there is no Binance listing ahead of Consensus 2026. The article adds that a Binance listing rumor previously contributed to a prior price spike, and that community speculation about a listing announcement at Consensus was circulating but unconfirmed as of April 29.
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