Pi Network Community Awaits GCV Recognition Amid 24% Monthly Drop

June 28, 2025, is a pivotal day for the Pi Network community, dubbed the “Day of Great Expectation.” Millions of Pioneers are eagerly awaiting an announcement from the Pi Core Team regarding the Global Consensus Value (GCV) and its recognition as the true value of PiCoin. Supporters of GCV advocate for a value of $314,159 per Pi, symbolizing belief, unity, and trust in the project. This value is being promoted globally, particularly in Asia and Africa, through various events.

GCV is a community-driven value, not determined by exchanges or market prices. Over 6 million small on-chain transactions indicate that people are already using this value in real trades. A recent poll showed that 99.1% of users support GCV, asserting that while the Core Team focuses on technological aspects like Mainnet and KYC, it is the users who give Pi its real value through everyday use. If the Pi Core Team adopts GCV, it would not involve setting a fixed price for exchanges. Instead, the Core Team would continue building the ecosystem and encouraging more real-world use.

Critics, however, argue that GCV is merely symbolic and not practical, with its actual value only becoming apparent once the open mainnet launches. Analysts like Dr. Altcoin warn that without a major update, including a GCV discussion, the token could slide back to $0.40. Conversely, even a small update or roadmap news could boost the price and community sentiment.

Pi Coin has faced challenges recently, with a 24% drop in the past month and an 80% decline from its all-time high. With more tokens unlocking and no major news, pressure is mounting. The anticipated mainnet launch could change perceptions of the project and its future value if updates on GCV, merchant tools, or mainnet news are provided. If the Core Team remains silent, it could lead to mass sell-offs and users losing interest. The community demands that the Pi Core Team officially recognize the GCV as a show of respect for the millions of users who have supported the project over the years.

A leading Pi Network news account has expressed frustration, stating that if Pi2Day only brings Pi Domains and no big updates, many will be disappointed. They urge the Core Team to launch long-promised features like smart contracts instead of stretching out announcements over the years.

The Pi Network has also revealed plans to deploy 100 decentralized applications (DApps) in the Pi Browser. This development aims to enable members to buy and sell goods and services globally using Pi coins, further integrating the cryptocurrency into everyday transactions. The deployment of these DApps is seen as a crucial step in realizing the full potential of the Pi Network, providing users with practical applications for their Pi coins.

In addition to the GCV announcement, the Pi Network has recently undergone a major mainnet migration update. This update includes significant changes such as Know Your Customer (KYC) procedures, tokenomics adjustments, and modifications to the mining process. These changes are expected to have a profound impact on the network, although many users may not be fully prepared for the shifts.

The anticipation surrounding June 28 is heightened by the slowing of token unlocks, which has led many to view this date as a last-chance moment for the core team to commit to GCV recognition. The community is eagerly awaiting the core team's decision, as it could either bolster confidence in the network or result in a mass exodus of disillusioned users. The outcome of this announcement will undoubtedly shape the future trajectory of the Pi Network and its community.