Pi Network’s Pi, dogwifhat (WIF), and other major altcoins led the cumulative market rally, as Bitcoin surged above $105k before retracing back to $104k levels. This comes after a surprise US-China trade deal after two days of awkward handshakes in Geneva.
The global digital assets market printed broad green indexes on Monday morning, intending to hit a $3.5 trillion cap next. Its 24-hour trading volume jumped by 2% to stand at $141 billion. The fear and greed index shows that market sentiments are running high in the “greed” territory and inching closer to the “extreme greed” area.
Coinglass data shows that more than 146k traders got liquidated in the last 24 hours with total liquidations hitting $390 million. Bears bled heavily as $219 million worth of liquidated bets (57%) turned out to be short bets. This suggests that traders were expecting a drop after the recent rally, but the easing tariff war update managed to set out a bullish trajectory.
Pi, WIF top gainers as altcoins steal spotlight
As per the data, Pi token was the biggest gainer of the day among the top 100 cryptos. Pi price surged by almost 60% in the last 24 hours. It is running up by 157% over the last 7 days. Pi is trading at an average price of $1.52 with a trading volume of $1.64 billion. Despite the massive surge, Pi is still down by 48% from its all-time high of $2.98, recorded on February 26, 2025.
Pi’s non-stop upward run came after the Pi Network teased major ecosystem updates. On May 8, it dropped hints around an announcement related to its ecosystem, which is scheduled to be unveiled on May 14. This move has sparked high expectations among the community.
Apparently, Pi Network’s founder, Nicolas Kokkalis, is set to deliver a speech at the Consensus 2025 event in Toronto.
dogwifhat (WIF) grabbed the second spot among the biggest gainers in the past 24 hours. The trending meme coin price jumped by 40% over the last day. The ongoing rally has helped it add 195% gains in the last 30 days. WIF is trading at an average price of $1.24 with a spiked 24-hour trading volume of $1.33 billion as of press time.
FLOKI, PEPE, DOGE spark meme mania
Following the Bitcoin rally, the biggest altcoin, Ethereum (ETH), has thrashed all of the selling pressure by pumping out 42% gains in the last 7 days. ETH price spiked by 3% in the last 24 hours and is trading at an average price of $2,561 as of press time.
Meme coins are bagging most of the gains in the market. After WIF, FLOKI has bagged most of the gains in the category. FLOKI price is up by 16% in the last 24 hours and has spiked by 116% over the past 30 days. FLOKI is trading at an average price of $0.00012 with a trading volume of $277 million.
Top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are up by 6% and 8%, respectively. It looks like PEPE is also securing momentum. PEPE price spiked by 13% in the last 24 hours and has added 112% over the past 30 days.
