Pi Coin, the native cryptocurrency of Pi Network, has gathered steam, gaining 14% in the last 24 hours, and surging to $0.63. As the Pi2Day event on June 28 nears, the cryptocurrency is seeing a 66% surge in daily trading volumes, reaching $200 million.
Market experts are hopeful for some announcements from the Pi Core team, with new tools like KYC Sync and Pi Ventures fueling the momentum.
Pi Network Coin Gathers Strong Momentum
Pi Network coin has gathered major momentum in the last 2 days, gaining over 30% from its this week’s low of $0.47. The bullish sentiment revives just few days before the Pi2Day event on June 28.
Pi2Day is a mid-year celebration by the Pi Core team, specifically observed on June 28 every year. The date is symbolically inspired by the mathematical constant Pi (π ≈ 3.14) and its multiple, 2π (≈ 6.28). The most significant development that everyone is waiting around is the release of the new KYC Sync feature.
This update integrates Pi Browser with the main Pi App, enabling users to synchronize identity verification data. Millions of users who are waiting for an updated KYC status can now complete their migration to the open Mainnet. This development will also drive a significant increase in Mainnet activity following Pi2Day.
The event provides the Core Team an opportunity to showcase ecosystem updates, user growth, and key infrastructure achievements, while rallying a global user base that now exceeds 47 million participants.
Pi2Day 2025: Open Mainnet Gains Momentum
Second wave of KYC launched, expanding access for users in China, Africa, and LATAM.
GenAI integration hinted at, following Nicolas Kokkalis’ participation in the Consensus 2025 AI panel.
.pi Domains Auction concluded successfully, attracting over 200,000 bids for 95,000 domains.
Will Pi Coin See Repeat of May Rally to $1.64?
Amid the recent upside, the Pi Coin price has ended its 7-week consolidation, signaling that a major trend reversal is underway. Last month in May, the Pi Coin staged a similar rally to $1.64, ahead of the $100 million Pi Ventures announcement.
However, the Pi Network coin has been moving sideways since then, hitting the lows of $0.47 earlier this week. Now, with the recent surge in momentum, analysts are again predicting a rally beyond $1. Any major announcement of GenAI by the Pi Core team could possibly lead to a strong rally ahead.