- Pi Network upcoming Pi2Day on June 28 has sparked excitement with hints of GenAI integration and a new KYC feature rollout.
- However, PI’s price has dropped 35.1% in the past month due to geopolitical tensions and increased token supply on exchanges.
With Pi2Day just days away, the Pi Network community is buzzing with anticipation. June 28 may bring transformative announcements, but the recent price action of Pi Coin (PI) and rising global tensions have many Pioneers cautiously optimistic.
Pi Network Builds Buzz Amid Price Pressure
Pi2Day, held annually on June 28, is a key milestone for the Pi Network. This year, search interest for “Pi2Day” has surged, reaching peak levels according to Google Trends.
The Pi Core Team has hinted at major developments—including a potential link to generative AI (GenAI)—sparking speculation that the network could soon integrate advanced technologies.
A teaser from one of Pi’s co-founders, Nicolas Kokkalis, who recently spoke on a GenAI panel at Consensus 2025, has only fueled this speculation. Some community members believe GenAI integration could lead to improved mining processes, better dApps, and enhanced security through AI-powered threat detection.
The conspiracy theories surrounding the #PiNetwork and the announcement of #GenAi continue.
A video has now emerged that is supposed to prove that it is a Pi partnership with an unknown company called appen.
There is certainly nothing behind it!#CryptoNews $Pi #Binance #Ai pic.twitter.com/Z7TdKZiTHg
— Pi Network News Global 𝛑 (@PiNewsGlobal) June 23, 2025
Additionally, the team rolled out a Know Your Customer (KYC) synchronization feature to address longstanding user complaints. This move is widely seen as an effort to prepare the platform for potential exchange listings or onboarding of new users.
PI Token Price Falls Despite Positive Developments
Despite this progress, PI’s price tells a different story. Over the past month, Pi Coin has fallen 35.1%, dropping to around $0.50—just above its all-time low. The broader crypto market also declined by 7%, largely due to geopolitical tensions following a U.S. strike on Iran.
Pi’s steep decline is further worsened by an increase in token supply on centralized exchanges, rising from 345 million to 362 million PI in just a week, according to PiScan. This oversupply has added downward pressure on the price.
Technical indicators remain bearish, suggesting limited short-term recovery unless Pi2Day delivers a game-changing update.
Will Pi2Day Deliver?
With speculation mounting and price trends looking grim, Pi2Day may be a pivotal moment for the Pi Network. The introduction of GenAI integration or exchange listings could revitalize user confidence and push the price upward. However, any underwhelming announcement may deepen concerns and keep PI’s price under pressure.
As the countdown to June 28 continues, all eyes are on the Pi Core Team to see whether this year’s Pi2Day lives up to the hype or adds to the uncertainty.
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