Pi Network Surges in Social Media Buzz Ahead of Pi Day 2 Event

Pi Network has reclaimed its spotlight in social media discussions, with its social dominance metric jumping to 0.276%—the highest since May 21. This 206% increase from June''s low of 0.09% comes as the community prepares for Pi Day 2 on June 28, featuring domain auctions and network-wide events that could spark significant price movement.

Currently trading at $0.64, PI Network is testing key support levels after a 2.35% monthly drop. Technical analysts note a developing triple-bottom pattern, indicating potential upside if the $0.80 resistance is breached. However, failure to break this barrier could prolong the downtrend as trading volume shrinks and bearish signals emerge.

Investors are bracing for a liquidity event with 340 million PI tokens set to unlock within 30 days. While this release could enhance utility, the increased supply may exert downward pressure on prices. Notably, the network recently moved 200 million PI tokens from liquidity reserves to an undisclosed address.