Why expect too much from the Pi, who have already broken their promises and are now suddenly listed on an exchange after such a long time?
The sudden price surge is simply due to the hype. As you may recall, there were many people who supported Pi in the past, so I am expecting a price surge, but it may not last long because many users hold coins. If they decide to sell those coins, they will slowly die because this coin doesn't have used for anything yet other than an investment scheme.
Those who holding coins may be lucky but most of them are not withdrawable and unspendable. Why? Obviously they want to control the flow and only developers can sell large amount during this hype and honestly the coin doesn't have any used.
I don't know why other people expecting too much about Pi honestly if you see it reach $3 better sell it immediately greediness might lead you to sell your holdings at very cheap price.