Pi Network (PI) Gains Momentum as GenAI Hype Builds Ahead of Pi2Day Event

Pi Network (PI) is showing early signs of recovery, posting modest gains this week with a 6.68% increase on Monday followed by additional upside Tuesday. The token is holding above key psychological and technical support levels as traders speculate about a potential Generative AI (GenAI) feature announcement expected during Pi2Day celebrations on June 28.

Excitement grew after the Pi Core Team highlighted founder Nicolas Kokkalis' participation in a GenAI panel at Consensus 2025. Despite the positive sentiment, PI remains 70% below its May all-time high of $1.67, having dropped 27% during the event. Market watchers are assessing whether the GenAI narrative can counterbalance bearish pressure from July's scheduled token unlock, which will release 268.4 million PI into circulation.