Pi Coin Dips 9% Before Pi2Day Despite Major Ecosystem Upgrades

Pi Coin's price fell sharply by 9% to $0.55, retreating from a key resistance level at $0.65. The drop occurs despite anticipation for the Pi2Day event on June 28, where the network plans to unveil its KYC Sync feature—a solution aimed at streamlining identity verification for millions of users awaiting Mainnet migration.

Trading volume dropped 50% to $167 million, reflecting cautious market sentiment. Meanwhile, the Pi Browser's latest update enables full account management within the ecosystem, addressing long-standing user concerns. Speculation about GenAI integration has sparked social media buzz after the founder's appearance at Consensus 2025.

The cryptocurrency's recent rally from $0.47 to $0.65 lost momentum as bulls failed to break the psychologically key $1 threshold. Market participants now await concrete developments from Pi2Day announcements to determine the project's next move.