Why June 28 Is Special for Pi Network? PI Coin May Announce This

Pi Network News: Will Pi Coin Hit New All Time High on June 28 or Drop

The Pi network token has been under stress in the near past, with its price falling dramatically on all time frames. But with June 28—Two Pi Day—nearly upon us, everyone is asking: something big in the works? Will this be the day the coin finally sets a new all-time high or gets listed on a major exchange?

Pi Coin Price Crashed: Daily, Weekly, and Monthly Trends

As of June 18, the Pi network price is trading at $0.5546, after a 2.52% drop within the day. It has a market cap of $4.13 billion and a 24-hour trading volume of $95.1 million. Over the past week, the cryptocurrency price has dropped from $0.6414 to around $0.5198, recording a 14% fall. On a monthly basis, the price has crashed by nearly 24%.

Source: CoinMarketCap

The crypto coin is struggling to bounce back toward its all-time high of $2.98, which it last touched on February 26, 2025. Many users are asking whether the coin can recover by June 28, or if the drop will continue.

Why Pi Coin is Crashing: Two Key Reasons

1. Password Leak Alert by PiChain Global

One of the most recent news updates involves a security issue. PiChain Global has confirmed a password leak, warning that the Network accounts may be at risk. Users are being told to link a verified email, download the PCM Wallet, complete KYC, and send their info to the respective email to stay safe. 

Source: X

This incident has created panic in the community and lowered investor confidence.

2. Falling Out of the Top 30 List

The second issue is about it is its possibly losing its top market rank. According to CoinMarketCap, the coin is now ranked 29 with a market cap of $4.12 billion, just slightly above Aave, which is at $4.03 billion. If its value drops by just $95 million, it could fall out of the top 30 list, which may further impact sentiment.

What’s Special on June 28? Big Announcement Awaits

June 28 is not just any other day. It is celebrated as Two Pi Day, or Tau Day, because 2π = 6.28. Some believe this could be a meaningful day for this network. 

Pi Binance Listing: There are strong rumors in the community about a potential coin binance listing. However, there has been no official confirmation from either side. Still, June 28 might be chosen as a symbolic day for such announcements.

New All-Time High Attempt: There is also hope that it may break past its long-standing $2.98 all-time high. The hype around that day celebration and overall bullish market vibes could help in short-term momentum—although this remains speculative.

New Developments in the Ecosystem: In the past, the network has launched features like domains and FruityPi game apps. On this day, the team might reveal new updates or development goals to strengthen the ecosystem.

Pi Network Price Prediction: What’s Next?

Since the network mainnet launch on February 20, 2025, the coin has shown mixed behavior. On the 30-minute USDT chart, the price is stuck in a narrow zone, showing both weakness and consolidation.

Source: TradingView

• Bullish Scenario: If the price holds above $0.54 and breaks $0.56, it might go up to $0.58–$0.60. Indicators like RSI and MACD are recovering slightly.

• Bearish Situation: With the decline in price below $0.52, the price would plummet to $0.50 or even lower with no demand.

In short terms, $0.56 is a resistance and $0.52 is a support to watch out for.

Disclaimer: This is a non-financial educational piece. It is not financial advice. The cryptocurrency market is extremely volatile, and readers should do their own research before investing.