The upcoming Pi2Day event on June 28 might be a significant moment for the Pi Network and its community. Held annually as a counterpart to Pi Day, the Pi Network team has often rolled out key updates and features on the occasion. This year, anticipation is high, with several developments already in motion and a slate of possible announcements expected.
However, the Pi Network team has not always met its fans’ expectations. Over the years, multiple delays in the open mainnet launch, scam allegations, etc., have hurt the project’s credibility. As such, if the team manages to deliver on its promises, that would likely help Pi Network coin’s muted price action.
Pi Network Making Lots of Promises This Time
The Pi Network team has already released several functional updates ahead of Pi2Day. The most notable is the launch of the KYC Sync feature, which allows users to align their identity verification status across all Pi apps. The tool aims to resolve long-standing issues with KYC bottlenecks. These issues have locked many users out of the ecosystem, despite their eligibility.
Another rollout is the Pi Network team activating Pi wallet functionality for partially KYC’d users. This opens limited transactional access, while two-factor authentication via email was also quietly introduced to improve user security. Regarding infrastructure, .pi Web3 domain bidding went live earlier this year, with over 57,000 unique participants.
Fans and Pi Network developers expect the .pi domains to form the basis of a growing DApp ecosystem within Pi. This gives users access to developer tools, storefront capabilities, and other digital infrastructure.
On June 28, the community expects further clarity on validator activity, governance models, and—perhaps most importantly— Pi’s long-promised transition to open mainnet. There is also talk of potential AI integration and even centralized exchange listing announcements. However, the team has not confirmed either of these speculations.
Still, uncertainty around the July token unlock—expected to release millions of Pi tokens—looms large. Unless the team provides convincing updates tied to real usage or utility, the event risks becoming another hype cycle with little long-term effect.
Past Hype Cycles Cast a Shadow Over Pi2Day Optimism
Pi Network’s last major event, Pi Day on March 14, had users and fans make wild speculations. This included talk of a major exchange listing. Instead, the day came and went with limited impact. The only notable announcement was the continuation of internal migrations and vague references to “future ecosystem expansion.”
After the underwhelming update, PI token prices dropped sharply, and community sentiment became increasingly skeptical.
This pattern isn’t new. Pi Network has developed a reputation for overpromising and underdelivering, often using major dates to tease progress without providing clear roadmaps. In fact, some of the exact unfulfilled expectations from Pi Day—such as governance framework rollout, validator activation, or real-time app usage metrics—are being rehashed ahead of Pi2Day.
Actually, the Pi Network team has been careful not to rile up fans more than necessary for the Pi2 Day event. They do not want a repeat of the Pi Day catastrophe.
If June 28 fails to deliver tangible results once again, especially amid the looming July token unlock, PI price could face renewed pressure. Community trust remains fragile. Another symbolic event without substance could deepen the skepticism already surrounding the project.