Pi Network Jumps 5% Today (June 24) – Is This the Calm Before a Pi2Day Price Explosion?

Jakarta, Pintu News – With less than a week to go until Pi Network’s much-anticipated Pi2Day, the project’s community known as Pioneers is expecting a big announcement.

Many have even speculated that this event could trigger a significant price spike.

However, rising geopolitical tensions may dampen such expectations. Over the past week, the global crypto market saw a decline of 7.0%, while Pi Coin (PI) recorded a more than two-fold drop, which sparked concerns about the token’s future price movements.

Then, how is Pi Network’s current price movement?

Pi Network Price Rises 5.1% in 24 Hours

On June 24, 2025, the price of Pi Network (PI) was recorded at $0.5311, having risen 5.1% in the last 24 hours. If converted to the current rupiah ($1 = IDR 16,376), then 1 Pi Network is IDR 8,697.

Read also: What is Pi2Day? Pi Network’s Big Day that Could Change the Fate of the Pioneers!

In the last 24 hours, the PI price moved between $0.4961 to $0.5407, signaling volatility but remaining in an upward trend.

The trading volume in 24 hours reached an impressive $132,791,269, reflecting the market’s enthusiasm for the coin. Pi Network currently has a market capitalization of $3,978,815,058, while its fully diluted valuation-themarket value if all possible coins in circulation had been released-is$6,121,253,935.

Countdown to Pi2Day: What the Pi Network Community Should Expect

Pi2Day is an annual event celebrated every June 28. The event focuses on the latest achievements and developments of the Pi Network, and reflects the dual symbolic value of Pi Day (3.14). This day has generated great enthusiasm among the community.

Data from Google Trends shows that search interest for the keyword ‘Pi2Day’ peaked at 100 on June 21, indicating a very high level of user interest.

This spike was fueled by speculation of major announcements, including a possible listing on an exchange and the launch of a new app.

According to reports, ahead of Pi2Day, the Pi Network team released the Know Your Customer (KYC) synchronization feature. This feature fixes the KYC issue that users have been complaining about for a long time and had previously led to harsh criticism of the project.

In addition, the Pi Core Team also hinted at another major development. In their latest post on the X platform, they posed a question:

These clues have some Pioneers hoping for integration with artificial intelligence technology or increased blockchain utility.

One user even speculated that generative AI could improve the Pi Network through optimization of mining efficiency, personalization of user experience, development of more sophisticated dApps, as well as improved security through real-time threat detection.

“The fact that Nicolas Kokkalis took part in the GenAI discussion at Consensus 2025 suggests that Pi Network may be preparing to incorporate this technology in a big way,” the user said.

However, there is no official confirmation yet, and the final announcement will only be made on June 28.

Read also: Dogecoin Surges 5% Today (June 24) – Is This the Start of a Major Rally or a Price Trap in Disguise?

Pi Network price under pressure amid global crypto market decline

On the other hand, these positive signals are overshadowed by macroeconomic turmoil and geopolitical tensions. The US attack on Iran has heightened fears of a wider conflict, triggering a panic sell-off in the crypto market.

Pi Network’s native token, PI, has suffered an even worse fate. The token just closed its weekly candle at its lowest level since launch, $0.503.

Over the past month, PI has fallen by 35.1%. As of June 23, the mobile-mined cryptocurrency was trading at around $0.50 – only about 24.5% off itsall-time low.

Pi Coin’s price drop was exacerbated by a surge in token supply on centralized exchanges (CEXs). Based on data from PiScan, the supply rose to 362 million PI from 345 million in the previous week.

Technical indicators also show a bleak picture. The latest analysis from the BeInCrypto website highlights the continued selling pressure on PI prices.

Although the outlook looks bearish, Pi2Day could still be a catalyst for price increases. However, this largely depends on the content of the announcement and its impact on the network and its users.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pi Network Faces Uncertainty Ahead of Pi2Day as Geopolitical Tensions Weigh on PI. Accessed on June 24, 2025