The worth of Pi Community’s token surged by 38% this week forward of an anticipated announcement involving synthetic intelligence, fueling hypothesis a few attainable partnership with Google.
The thrill began when Pi Community co-founder Nicolas Kokkalis appeared on a generative AI panel at Consensus 2025, sparking hypothesis about Pi’s subsequent transfer. On June 22, Pi Community posted on X that the corporate would supply solutions on June 28 at an occasion known as Pi2Day.
The panel look of certainly one of its co-founders and the follow-up submit from Pi signaled that the corporate could also be making ready to combine synthetic intelligence expertise straight inside its ecosystem.
Because the submit, the Pi Community (PI) token surged, peaking at $0.65 on June 25, up 38% from its June 22 low of $0.47. Nonetheless, the token had dropped again to $0.57 on the time of writing.
Rumors of a Google collaboration flow into on social media
Following the PI token surge, social media customers have been sharing their takes on what the AI announcement will likely be about.
One X consumer said that the community is rumored to have a cope with Google AI. The consumer advised that the star seen on a Pi Community announcement could also be much like the brand of Google’s synthetic intelligence arm. One other neighborhood member said the announcement may relate to a different challenge known as PiAI.
Whereas some speculate that the announcement will likely be huge, others cautiously method the information. A neighborhood member wrote that whereas some could also be bullish for June 28, they need to “decrease their expectations” to keep away from disappointment.
Cointelegraph reached out to Pi Community for feedback however didn’t get a response by publication.
In the meantime, one other neighborhood member questioned Pi’s worth proposition. “I haven’t seen something progressive, as different blockchains/tasks have already finished most of what they’re doing,” the consumer wrote, urging the neighborhood to ask questions and be crucial of the challenge.
Associated: Pi Network migration problems: Users report KYC, 2FA and balance errors
Pi Community’s $100 million startup fund
The surge follows one other main announcement from Pi Community final month. On Might 15, the corporate launched a $100 million fund to spend money on companies and startups that will work to reinforce the utility of its blockchain ecosystem.
The staff stated that the investments will typically be denominated in US {dollars}. Nonetheless, the challenge additionally seeks to make use of its native token to fund eligible tasks.
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