Pi Coin Surges 5% Ahead of Pi2Day: Is a Crash Coming After the Hype Fades?

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According to sources, the Pi coin price has surged recently, marking a rare rise after weeks of decline. This 5% small increase is occurring as people speculate about what might be announced during the Pi Network’s upcoming Pi2Day event.

Hopes about GenAI being added to the network are helping the price in the short term, but experts warn that the upcoming token release and the still-closed mainnet might stop the Pi coin price from rising further.

Pi Network Gains Attention After Teasing AI Integration

The Pi Network community is excited after the Pi Core Team gave hints about a possible GenAI-related update. A recent teaser shared on X suggested that there will soon be an explanation about how Pi’s ecosystem might connect with generative artificial intelligence.

This possible update has brought back some interest and has pushed the Pi coin price up from a recent low of $0.5126 to around $0.552. While this rise might comfort some investors, the main issues, like the closed mainnet and uncertain plan for full decentralization, are still unchanged.

Independent blockchain analyst Ajay Sharma said Small price jumps before big announcements are common in crypto. But the way Pi Network is right now, it seems like people are just buying because of hype and might sell quickly once the news is announced.

Massive Token Unlock Could Threaten Pi coin price Stability

The excitement around Pi2Day is slowed down because of a big concern. According to reports, over 268 million PI tokens are scheduled for release next month. In the past, events like this have often caused the Pi coin price to drop sharply.

Crypto strategist Anjali Desai said Unlock events have both good and bad sides. They help the network grow, but they also add a lot of tokens to the market. For Pi Network, this might reverse the recent rise in the Pi coin price unless there’s a big increase in demand at the same time.

Currently, the Pi coin price is trading around $0.6049, which is still lower than its high point of May $1.67. This shows that the price would need to rise again to bring back investors’ confidence.

Metrics	Value
Current Price	$0.6034
24h Trading Volume	$140.63M
24h High Price	$0.6083
24h Low Price	$0.5281
All-Time High (Feb 2025)	$2.98
Upcoming Major Event	June 28, 2025, Pi2Day update
Key Catalyst	GenAI integration rumors

KYC Update Boosts Pi Network Mood as Global Tensions Weigh on Price

Pi2Day, which is an event celebrated every year on June 28, is creating excitement among the Pi Network users. According to Google Trends, searches for “Pi2Day” have recently reached their highest levels, reflecting the community’s excitement.

Adding to the growing excitement, the Pi Core Team recently released the Know Your Customer (KYC) sync feature, fixing an issue users had been complaining about for a long time.

Many view this as a sign of progress. However, external factors like rising global tensions have been putting pressure on the overall crypto market.

The U.S.-Iran conflict has caused a major sell-off across the crypto market, and the Pi coin price has dropped even more than most major tokens. The token recently fell to $0.503, which is its lowest weekly close since it first launched.

Market Analysts Split Over Near-Term Pi coin price Trajectory

Even with all the excitement around GenAI, technical indicators suggest that Pi Network might still face more volatility.

Data from the blockchain shows that token supply on centralized exchanges has surged to 362 million, rising from 345 million just a week ago.

Even though there was a small 3.96% increase in trading volume recently, it is still not enough to support a real breakout. Also, the project still runs on a closed mainnet, which restricts liquidity and slows down wider adoption.

Conclusion

As Pi Network is approaching Pi2Day, the Pi coin price is showing some recovery, which is mainly driven by GenAI speculation and updates like the KYC fix.

But these gains are still not strong. Without a big update, like opening mainnet trading or launching real GenAI features, the price surge might not last. Moreover, the upcoming token unlock might pull the price down again.

Summary

Recently, the Pi coin price went up by 5% because of excitement about the coming Pi2Day event and speculation about GenAI features. A new KYC update has given some hope, but experts say that the release of over 268 million PI tokens might soon lead to a price fall. With the mainnet still closed and demand uncertain, the rally may be short-lived.