- Pi Network’s Pi2Day event on June 28 has sparked major anticipation among users, with rumors of AI integration and key updates fueling optimism despite Pi Coin’s recent 35% price drop.
- While the community hopes for a turnaround, analysts caution that without broader market improvements, Pi’s price may remain around $0.40 through August.
Millions of the strong Pi network community are highly anticipating for June 28. This comes as the network gears up for its biggest annual event, Pi2day. It goes without saying that the network has been undergoing significant struggles with network outages, KYC issues, and market turbulence.
Excitement around its special day is mountig, with hopes that could mark a turning point for the project.
Nevertheless, Pi Coin’s prce action is telling a more soberoing story.
At the time of press, Pi is trading with $0.5313 after a 5.9% surge in the past 24 hours.
AI Integration Rumors Stir Speculation
The buzz began after the Pi Core Team hinted at a potential integration with generative AI (GenAI). Co-founder Nicolas Kokkalis’ recent appearance at a GenAI panel fueled speculation that Pi Network might unveil a new AI-powered feature during Pi2Day.
Some Pioneers believe this could revolutionize Pi’s ecosystem, possibly enhancing mining efficiency, boosting app functionality, and improving overall security.
Adding to the optimism, Pi Network recently launched a long-awaited KYC sync feature. This upgrade addresses long-standing user frustrations and streamlines identity verification across the platform, further raising hopes that Pi2Day will deliver more substantial announcements.
Additionally, adding onto the enthusiasm, Google Trends data shows a significant spike in global searches for “Pi2Day,” reinforcing the growing anticipation.
Pi Coin Drops Despite the Hype
But while the community is optimistic, the Pi Coin (Pi) market tells a different story. In the past month, Pi has lost more than 35% of its value, currently hovering around $0.50—just 24% above its all-time low. It also recorded its weakest weekly close ever, underscoring the bearish sentiment surrounding the token.
Several factors are contributing to this decline. Broader crypto market weakness, driven in part by geopolitical tensions such as the recent U.S. strike on Iran, has weighed heavily on investor confidence.
On top of that, the Pi Coin supply on centralized exchanges has risen sharply—from 345 million to 362 million in just one week, adding selling pressure to an already fragile market.
According to Piscan data, Gate.io holds 168 million Pi tokens, while Bitget has 122 million, making them the largest exchange holders of Pi.
What Could Happen on Pi2Day?
Despite the downward price trend, Pi2Day could still inject fresh momentum into the project. With community rumors swirling about potential exchange listings or AI-powered innovations, many are holding onto hope that June 28 will bring game-changing news.
Still, analysts remain cautious. Crypto analyst Dr. Altcoin predicts Pi may hover around $0.40 through August unless broader market conditions improve or Pi Network delivers a major surprise. He warns that the Pi2Day event alone may not be enough to drive Pi’s price beyond $0.60 in the near term.