As the Pi Network community turns its eyes to June 28, famously known as Pi2Day, speculation is once again mounting that the long-awaited listing of Pi Coin on centralized exchanges may finally become reality.
With mounting price activity, renewed investor interest, and a history of elusive promises, is Pi Coin finally ready for its public debut?
Major generative AI announcement expected on Pi2Day
Much of the excitement surrounding Pi2Day is tied to its symbolic weight as the network’s annual milestone and a moment where major announcements have traditionally been expected.
This year, anticipation is even higher due to speculation that the Pi Core Team may unveil integration with generative AI technology, a feature that, if true, could position Pi in a rapidly growing tech sector.
At the same time, Pi2Day is seen by many as a make-or-break moment for the project’s credibility, especially after past announcements fell short of expectations and led to sharp market pullbacks.
If Pi2Day fails to deliver a clear roadmap or concrete steps toward listing and utility expansion, the recent gains could evaporate just as quickly as they appeared.
Exchange listing rumors have emerged
As June 28 draws near, Pi Coin has posted a sharp rally, gaining over 15% in the past 24 hours and trading just above $0.61, its highest level in weeks.
This surge has been accompanied by a significant 11% uptick in trading volume, pushing daily transactions past the $200 million mark and reflecting growing excitement among retail traders.
Fueling this optimism are unconfirmed reports suggesting that Pi could soon be listed on major tier-one exchanges.
On June 24, one popular Pi Network-focused channel on X posted a post saying that top exchange listing are coming soon with logos of Binance, HTX, Kraken, OKX, and Coinbase.
These rumors, while not officially validated, have historically triggered strong price responses, as many community members cling to the hope that Pi will finally cross over from its enclosed mainnet into broader market accessibility.
Token unlocks threaten Pi Coin’s stability
Adding to the complexity is a looming supply shock in early July, when Pi Network is expected to release 268.4 million tokens, the largest token unlock until at least October 2027.
Previous unlocks have already contributed to Pi’s 70% drop from its May peak of $1.67, and analysts warn that without strong exchange support or utility-based adoption, another wave of selling could easily drag prices back toward support levels near $0.40.
Even as the price temporarily detaches from Bitcoin’s trend, the potential impact of this massive unlock may overshadow any short-term rally, particularly if investor confidence wavers again.
Technical indicators show a possible breakout for the Pi Network token
Despite the risks presented by the upcoming token unlock, technical signals suggest that Pi Coin may be preparing for a major price breakout, especially if key resistance levels are breached in the coming days.
Notably, Pi Coin has broken from a falling wedge pattern, signalling the start of an upward breakout.
Additional indicators, such as the Relative Strength Index (RSI) recovering from oversold territory and tightening Bollinger Bands (BB), point to a squeeze scenario that could resolve to the upside.
If momentum continues to build, analysts believe that $1.00 is within reach, with $1.66 as a longer-term target tied to the neckline of the double bottom.