June 28, 2025, is shaping up to be a significant day for the Pi Network community. Dubbed "Great Expectation Day," millions of Pioneers are hoping that the Core Team will finally speak out about Global Consensus Value (GCV) and acknowledge it as the true value of PiCoin.

GCV supporters have pushed for a value of $314.159 for each Pi to express their belief, unity, and trust in the project. Although the Core Team has not officially confirmed this, it is being promoted globally through events, especially in Asia and Africa.

Community-driven vision

GCV is a value established by the community, not by exchanges or market prices. Over 6 million small on-chain transactions show that people have used this value in real transactions. A recent poll showed that 99.1% of users support GCV. They claim that while the Core Team handles the technology aspects, such as Mainnet and KYC, it is the users who truly bring value to Pi through daily usage.

According to them, if the Core Team adopts GCV, it will not involve setting a fixed price for exchanges. Since GCV is said to be driven by the community, the Core Team will continue to build the ecosystem and encourage more usage in the real world.

But critics argue that GCV is merely symbolic and impractical, and its true value can only be known when the mainnet launches.

Analysts like Dr. Altcoin warn that without a major update, including discussions about GCV, the token could slide back to $0.40. On the other hand, even a small update or news about the roadmap could boost prices and community sentiment.

Could GCV change the situation?

Pi Coin has had a tough time recently, as it has dropped 24% in the past month and more than 80% from its all-time high. With many tokens unlocked and no major news, pressure is mounting. With the mainnet launch expected to happen soon, updates about GCV, trading tools, or news about the mainnet could change how people view the project and its future value.

If the Core Team remains silent, the impact could be severe as it may lead to a mass sell-off and users losing interest. The community is demanding that the Core Team officially recognize GCV as a show of respect for the millions of users who have supported the project over the years.

Furthermore, a leading news account of Pi Network also expressed disappointment that if Pi2Day only brings Pi Domains and no major updates, many will be disappointed. They are urging the Core Team to launch long-promised features like smart contracts instead of just prolonging announcements for years.