Why Is Pi Coin Price Up Today?

Highlights

Pi Network Coin bullish trend marks a 30% increase from its weekly low of $0.47.
The new KYC Sync update integrates Pi Browser with the Pi App, enabling users to synchronize identity verification data.
Following a 7-week consolidation and recent momentum, analysts predict a potential rally for Pi Coin beyond $1.
However, the altcoin is facing a short-term pullback below the $0.6 level.

Pi Coin, the native cryptocurrency of Pi Network, has gathered steam, enjoying a gain of over 16% in a single day. As the Pi2Day event on June 28 nears, the cryptocurrency is also seeing a surge in daily trading volumes.

Factors like whale accumulation, announcements from the Pi Core team, with new tools like KYC Sync and Pi Ventures, look to be fueling the momentum.

Pi Coin Rallies Over 16%

CoinMarketCap data shows that the altcoin surged over 16% on June 25, presenting a bullish outlook for the coin. The trading volume also rose over 16%, with $4.81 billion traded during that period.

This Pi coin price surge comes amid significant whale accumulation. In an X post, network validator Mahidhar revealed a particular wallet that has been accumulating the coin aggressively on every dip.

He also raised the possibility of this whale being an institution, possibly an exchange, rather than a retailer, which is more bullish for the token. This whale is said to have bought over $173 million worth of Pi. Mahidhar further claimed that the whale in question is highly likely to be a big CEX wallet for liquidity purposes or tied to a business institution preparing for Pi Network ecosystem growth.

Another Reason For The Rally

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 a few days before the Pi2Day event on June 28. In an X post, analyst Joe Swanson said that the upcoming event could spark a sustained uptrend for the Pi coin, with further rallies on the horizon.

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 for 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 the Altcoin See a Repeat of the 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.

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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