Pi Coin Surges 19% Ahead of Pi2Day, Whales Accumulate

Pi Coin experienced a significant rally during trading hours on Wednesday, surging 19% in 24 hours to reach $0.63. This surge brought Pi Coin back into the top trending tokens and sparked speculation about a potential run to $1. The momentum behind this rally is attributed to a combination of factors, including whale accumulation, technical strength, and upcoming project updates that could significantly impact Pi Coin’s adoption trajectory. However, there are concerns about a big token unlock scheduled for July, which could introduce selling pressure and murky long-term signals.

As of the latest update, Pi Coin’s price has dropped by 8.25% in 24 hours due to profit-taking ahead of Pi2Day on June 28 and concerns about the upcoming 268 million token unlock in July. The timing of the rally is not coincidental, as it occurred just three days before Pi2Day, a significant event on the network’s calendar. During this event, the Core Team is expected to announce ecosystem updates and provide GenAI integration updates. Early reports suggest that the Pi App and Browser KYC sync features, which have been long-requested, will finally go live. This feature is anticipated to accelerate Mainnet onboarding for millions of users.

Adding to the optimism is the institutional-scale activity observed in the market. One large wallet reportedly purchased $173 million worth of Pi Coin in the last week, indicating growing confidence from institutions who see Pi’s next cycle as a breakout opportunity. Analyst Kim H. Wong noted that this activity is significant, timed around Pi2Day, backed by whales, and supported by increasing retail volume. However, the real test for Pi Coin will come in July.

From a technical perspective, Pi Coin appeared strong in the short term, breaking above the 20-day and 30-day moving averages. However, resistance at $0.65 remains firm. If Pi Coin can surpass this resistance in the coming days, analysts predict it could rise to the $0.80–$1 zone. Joe Swanson, a market watcher, noted that the current pattern resembles prior breakouts in early 2023. Despite the positive technical indicators, some analysts remain skeptical. A 268 million PI token unlock in July is expected to bring selling pressure, potentially acting as a correction trigger. Dr. Altcoin, known for his long-term calls, expects sideways to modest downside movement in July but believes that Pi’s floor is rising, with $0.40 being the lowest price in the near term. The supply inflation of Pi Coin remains a significant concern for long-term investors, with many unsure how the Core Team will mitigate sell-offs once the Mainnet is fully open.

External analyst predictions for Pi Coin are mixed but cautiously optimistic. According to CoinCodex, Pi Coin could reach $0.47 in the next 30 days if current volume and momentum hold, with a long-term estimate of $1.22 in Q4 2025, assuming no major unlock disruptions. Changelly is forecasting a year-end target of $0.95 to $1.10, citing strong community activity and developer milestones. However, WalletInvestor is more conservative, predicting $0.68 by August and $0.79 by December, citing high volatility and low liquidity risks.

Pi Coin’s latest surge is driven by renewed urgency and belief from both retail and institutional players. It has previously flirted with big upside but ended in exhaustion due to project issues and unclear tokenomics. This time, the combination of whale activity, feature releases, and broader crypto sentiment might work in Pi’s favor. However, whether Pi Coin can reach $1 depends on what Pi2Day delivers and how the market absorbs the upcoming developments.