Pi2Day on June 28 brings anticipation, but Pi Coin sees selling pressure as Pi Browser’s new control features spark cautious trading.
The Pi Coin rally has dissipated after a robust rejection at $0.65. In the past 24 hours, the price has plummeted by 9%, returning to $0.55. The volatility is anticipated to occur before Pi2Day on June 28, as the Pi Network community is anticipating the introduction of new features such as KYC Sync by the Pi core team. Additionally, the Pi Browser has a new feature that facilitates additional decentralization by providing users with “Full Account Management.”
The popularity of Pi Coin has declined in anticipation of Pi2Day
Pi Coin, the native cryptocurrency of Pi Network, has experienced significant selling pressure following a significant rejection at $0.65. The bulls appear to be losing the advantage to drive a rally beyond $1 following the Pi token rally, which took place from $0.47 to $0.65. The Pi Network coin is currently trading at $0.54, with a daily trading volume that has plummeted by nearly 50% to $167 million. It is currently recovering 8%.
This indicates that investors continue to exercise caution in anticipation of the significant Pi Network event. The KYC Sync feature, which will enable the Pi App to integrate with the Pi Browser, will be the most eagerly anticipated announcement by the community at the Pi2Day event on June 28. This will eliminate user complaints regarding improper KYC.
This is a critical development, as millions of users are anticipating updated KYC status and can now migrate to the open Mainnet.
The Pi Network Core Team has released a significant update to the Pi Browser
Users can now manage their accounts wholly within the Pi ecosystem due to a significant update to Pi Network’s native Pi Browser. This advancement will simplify the user experience by eliminating the necessity to transition between applications. Mr. Spock, a member of the Pi community, stated that this is a step toward the network becoming more decentralized.
The Pi Browser now enables users to perform various actions directly, such as updating account information, accessing ecosystem apps, managing KYC procedures, and preparing for exchange integrations.
Due to this development, Pi Network participants will be able to get a seamless Web3 experience. The Pi Core team also hinted at GenAI integration, with founder Nicolas Kokkalis attending the GenAI panel at Consensus 2025 earlier this week.
Earlier this week, the Pi Coin price showed a strong breakout from the falling-wedge pattern, with the Pi token concluding a 7-week consolidation. Nevertheless, the recent sell-off in Pi Token will necessitate monitoring $0.52 as critical support; a breach of this level could potentially negate the possibility of a subsequent rally.
