Pi Network (PI) Price Prediction: Will Pi Network Sustain Its 13% Jump or Face a Post-Pi2Day Pullback?

The Pi Network is once again making headlines after PI Coin surged over 13% in the last 24 hours, buoyed by rising anticipation for the upcoming Pi2Day event on June 28.

However, with a major token unlock looming in July, investors are now questioning whether the rally can hold or if a correction is imminent.

Pi Network Price Soars Ahead of Pi2Day Event

The Pi Coin value rose from approximately $0.53 to $0.63 in a short span, marking a notable 30% recovery from its weekly low of $0.47. This move broke a seven-week-long consolidation pattern and reignited bullish sentiment among long-time followers of the project.

Pi Network (PI) Coin was trading at around $0.60, up 12.33% in the last 24 hours at press time. Source: Brave New Coin

The Pi Network Coin’s daily trading volume also saw a sharp rise, jumping nearly 66% to touch the $200 million mark, according to data from CoinMarketCap. Market cap climbed to around $4.74 billion — a 19% increase within the same timeframe — underscoring renewed interest in Pi cryptocurrency.

GenAI Hype and Ecosystem Growth Fuel the Rally

The price rebound is closely tied to speculation surrounding a major reveal at this year’s Pi2Day celebration. Scheduled annually on June 28 (symbolically inspired by 2π ≈ 6.28), Pi2Day is viewed as a pivotal opportunity for the Pi Core Team to deliver updates on the ecosystem’s development.

Pi Network has teased a major GenAI-related announcement on Pi2Day (June 28), following co-founder Nicolas Kokkalis’ appearance at the Consensus 2025 GenAI panel. Source: Pi Network (@PiCoreTeam) via X

According to official teasers, the event may introduce generative AI (GenAI) features, marking the next phase in Pi’s roadmap. The Pi Core Team has also launched the KYC Sync update — integrating Pi Browser with the main Pi App — allowing users to synchronize identity verification and finalize their migration to the Pi mainnet.

With over 47 million users globally, developments like this are key to maintaining network participation and growing the Pi Network market infrastructure.

Token Unlock Risks: Will the Rally Hold?

Despite the bullish momentum, a degree of caution is beginning to set in. A massive token unlock of 268.4 million PI is scheduled for July — the largest token release until late 2027. Analysts warn that such supply increases can exert downward pressure on the Pi coin value, especially if confidence in the ecosystem remains fragile.

Pi Network has plotted a bullish breakout of the current falling wedge pattern on the daily price chart. Source: SL-Trades on TradingView

Technical indicators such as the MACD and RSI are also flashing early signs of weakening momentum. If the hype surrounding Pi2Day fails to deliver material progress, there’s a risk of a price correction back to the $0.57–$0.60 range. A more severe drop could test support near the $0.51 level, where the Pi token recently bottomed out.

Pi Network Challenges and Market Skepticism

While the recent price increase and Pi Network trading activity have boosted short-term optimism, broader concerns still linger. The Pi Network Coin remains on a closed mainnet, limiting its tradability on major exchanges. Listings on platforms like Binance — a major point of interest among Pi miners and holders — remain unconfirmed.

Pi Network’s ongoing bullish rally is expected to encounter resistance within the $0.65 to $0.70 supply zone. Source: HeliumTrading via X

Skepticism also stems from the project’s slow path toward decentralization. Pi’s last significant rally in May, tied to the $100 million Pi Ventures announcement, fizzled after initial excitement. PI Coin has since lost over 70% of its value from its May peak of $1.67 and is still down 82% from its all-time high of $2.98.

Some traders argue that unless Pi cryptocurrency achieves open mainnet status and secures reliable exchange listings, any rally — including the current one — could be temporary.

Looking Ahead: Will Pi Network Break Above $1?

Despite these concerns, analysts remain divided on the path ahead. Some believe that if the Pi Core Team unveils meaningful technological advancements on Pi2Day — particularly the GenAI integration — the PI Coin price could attempt another climb toward the $1 mark.

“This rally could mirror May’s momentum if key updates come through,” one analyst commented, citing parallels between the current trend and previous breakouts tied to ecosystem updates.

For now, the Pi Coin market finds itself at a crossroads. The combination of rising trading volumes, event-driven hype, and a large upcoming token unlock creates a delicate balance. Whether Pi Network can convert this excitement into long-term gains remains the central question for both seasoned Pi miners and new Pi investors alike.