Pi price up 5% ahead of June 28 major update

After a brutal dive of 70% compared to the summits of May, Pi is falling 5% while the main team indicates a Genai pivot. But with the assembly of unlocking pressures, this rebound can be fragile, which raises questions about long-term viability beyond the media threshing cycles.

According to CoinmarketCap data, the PI network price (PI) jumped almost 5% on June 23, organizing a modest rebound after weeks of sales pressure. This decision seems to be fueled by mounting speculation around an upcoming announcement of the June 28 PI Core team, which has teased the potential integration of Genai’s features within the PI ecosystem.

The token has a daily hollow of $ 0.5126 to $ 0.552 at the end of the latest news, but skepticism lingers. While the accounts of the AI ​​have propelled other projects this cycle, the closed roadmap of Pi Network and a highway leave investors wondering if it is a real pivot or a tactical distraction in front of an overabundance of imminent supply.

Genai hype vs unlock reality: can Network Pi maintain his rally?

The recent 5% rebound in PI network prices depends almost entirely on speculation, in particular the wave teaser of the PI Core team on a potential integration of Genai. The timing is remarkable: the announcement is scheduled for June 28, known as “Pi2day” within the community, a few weeks before 268.4 million tokens pledged the market in July.

268.4 million Pi tokens released on the market would mark the largest monthly version of the project until the least October 2027. If history is a guide, these unlocking often triggers sales, especially when investors’ confidence is trembling.

While the traders seem to bet on optimism, obvious by the overvoltage of 3.96% of Network in negotiation volume 24 hours a day, the token is still in shock of a collapse of 70% since its May peak of $ 1.67, a decrease which started on the same day of the co-founder PI.

The May event, which was ironically intended to strengthen credibility, rather sparked an accident of 27% of a day, which suggests that the market is increasingly skeptical of the media threw disconnected from tangible progress.

Worse, despite the recent increase, PI remains 82% below its summit of $ 2.98, established in February, a dark reminder of the distance that the token fell from its speculative frenzy earlier this year.

Pi Network still works on a closed Mainnet, without a clear timeline for full decentralization or open trading. Although the account of the Genai has supported other projects this cycle, the lack of PI utility and the delayed roadmap make it vulnerable to “buy the rumor, sell the news”.

For the moment, traders are playing a risky game. The announcement of June 28 could either revive the bullish momentum, if it provides real technology, or accelerate another sale if it is another vague promise. Anyway, with millions of tokens about to hit the market, Network Pi recovery seems to be at best fragile.