The price of Pi Network tokens rose by 38% this week, following market expectations that the project would announce significant developments related to artificial intelligence, sparking widespread discussions about a potential partnership with Google.
This wave of excitement began when Pi Network co-founder Nicolas Kokkalis appeared at a generative AI panel discussion at the Consensus 2025 conference, which led to numerous speculations about Pi's future strategy. On June 22, Pi Network officially announced on the X platform that the company would reveal answers during the Pi2Day event held on Thursday.
The co-founder's appearance at the professional forum and the subsequent official announcement strongly suggest that the company may be preparing to directly integrate artificial intelligence technology into its ecosystem.
Since the announcement, the price of Pi Network (PI) tokens has surged significantly, reaching a high of $0.65, up 38% from a low of $0.47 on Sunday. However, as of the time of writing, the token price has retreated to $0.57.
As the price of PI tokens skyrocketed, social media users began discussing the potential content of the upcoming artificial intelligence announcement.
One user on the X platform pointed out that the network is rumored to have reached a partnership agreement with Google AI. This user noted that the star-shaped logo appearing in the Pi Network announcement may resemble the branding of Google's AI division. Another community member speculated that the announcement might be related to another project called PiAI.
While some investors anticipate that this announcement will bring significant breakthroughs, others remain cautious. One community member wrote that although many are optimistic about Saturday's news, they should "manage their expectations" to avoid potential disappointment.
Cointelegraph has reached out to Pi Network for an official response but has not received a reply as of the time of writing.
Meanwhile, another community member questioned Pi's value proposition. He wrote, "I don't see anything truly innovative, as other blockchains or projects have already implemented most of the functionalities they are working on." This user also urged community members to ask questions and maintain critical thinking about the project.
This price increase follows another significant announcement from Pi Network last month. On May 15, the company announced the launch of a $100 million fund aimed at investing in businesses and startups dedicated to enhancing the practicality of its blockchain ecosystem.
The team stated that investments would typically be denominated in dollars. However, the project also plans to use its native tokens to provide funding support for eligible projects.
Related: Analyst: Michael Saylor's strategy has a 91% probability of qualifying for the S&P 500 in the second quarter.
Original article: “Pi Network Token Soars 38% as AI Plans and Google Partnership Rumors Drive Interest”
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