The worth of Pi Community’s token surged by 38% this week forward of an anticipated announcement involving synthetic intelligence, fueling hypothesis a few doable partnership with Google.
The excitement 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 offer solutions on June 28 at an occasion known as Pi2Day.
The panel look of certainly one of its co-founders and the follow-up put up from Pi signaled that the corporate could also be making ready to combine synthetic intelligence know-how immediately inside its ecosystem.
Because the put up, 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 might be about.
One X person stated that the community is rumored to have a cope with Google AI. The person recommended that the star seen on a Pi Community announcement could also be just like the emblem of Google’s synthetic intelligence arm. One other group member stated the announcement might relate to a different undertaking known as PiAI.
Whereas some speculate that the announcement might be huge, others cautiously method the information. A group 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 group member questioned Pi’s worth proposition. “I haven’t seen something revolutionary, as different blockchains/initiatives have already executed most of what they’re doing,” the person wrote, urging the group to ask questions and be essential of the undertaking.
Associated: Pi Community migration issues: Customers report KYC, 2FA and stability 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 boost the utility of its blockchain ecosystem.
The crew stated that the investments will typically be denominated in US {dollars}. Nonetheless, the undertaking additionally seeks to make use of its native token to fund eligible initiatives.
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