Pi Network’s Big Day Is Coming—What’s Really Happening on June 28?

With constant bloodbath, network outrage, and KYC troubles, the Pi Network has seen it all. However, with Pi2Day just around the corner on June 28, the Pi Network community, known as “Pioneers,” is buzzing with excitement. But while hopes are high for a big announcement, Pi Coin’s (Pi) price is telling a different story. 

Pi Network Major News: Big Hints, Bigger Expectations

The Pi Core Team recently teased a connection between Pi Network and generative AI (GenAI), hinting that co-founder Nicolas Kokkalis’ appearance at a GenAI panel might be linked to something major. A full explanation is expected on Pi2Day. This has led some users to believe AI could be integrated into Pi, possibly improving mining, apps, and security.

To make things even more exciting, Pi recently launched a long-awaited KYC (Know Your Customer) sync feature. This update fixes years of user complaints and adds to the optimism for something bigger on Pi2Day. Google Trends shows that interest in “Pi2Day” has skyrocketed, proving just how closely people are watching.

Pi Coin Drops Despite the Hype

Unfortunately, the buzz hasn’t helped Pi’s price. In the past month alone, Pi has crashed by over 35%, now trading around $0.50, just 24% away from its all-time low. It recently closed its weekly candle at its lowest level yet, showing how much pressure the token is under.

This drop is happening at the same time global crypto markets are also taking a hit. Rising tensions, especially after the recent U.S. strike on Iran, have created investors. Meanwhile, Pi’s supply on centralized exchanges jumped from 345 million to 362 million in just a week, adding more selling pressure.

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According to Piscan data, exchanges now hold over 359 million Pi coins in total. Gate.io holds the most with 168 million, followed by Bitget with 122 million, showing a growing supply ready to be traded or sold. 

Looking at the market sentiment, crypto analyst Dr. Altcoin says that Pi is stuck around the $0.40 mark and may hover there through August unless something big changes in the broader market. While many are hopeful Pi2Day could spark a rally, Dr. Altcoin doesn’t think the event alone will be enough to lift the price past $0.60 anytime soon.

So, What’s Next?

While Pi2Day could still bring positive news that boosts Pi’s price, nothing is confirmed yet. The community is hopeful that this year’s Pi2Day could be the turning point, especially with rumors of exchange listings or AI partnerships, but for now, it’s all speculation.

All eyes are on June 28 to see whether Pi Network can deliver the breakthrough its community is waiting for or if the hype will fall flat amid a tough market.