Pi Network Deals With Secret June 28 Test as GCV Support Surges and Indicators Turn Bullish
The Pi Network community has labeled June 28, 2025, the ‘Day of Great Expectation.’ Countless users, known as Leaders, anticipate the Pi Core Group’s response on the Global Consensus Value (GCV), a community-backed evaluation suggesting PiCoin is valued at $314,159. This symbolic figure has garnered significant attention, particularly across Asia and Africa. However, the Core Team has yet to officially endorse it. Advocates of GCV argue that this valuation represents belief, unity, and grassroots utility within the community, as opposed to exchange rates. Over 6 million on-chain transactions already refer to this valuation, with 99.1% of users supporting GCV in a recent poll. They assert that real-world usage, not trading platforms, determines Pi’s value. Community members urge the Core Group to acknowledge GCV to validate its widespread application, emphasizing the importance of developing tools and applications for practical use rather than directly determining prices. Critics, including analysts like Dr. Altcoin, caution that without a significant announcement regarding GCV, PiCoin’s value could regress to $0.40. Even minor updates to the roadmap could bolster confidence and usage, especially with the imminent launch of the open mainnet protocols.
Recent fluctuations in the PiCoin price, with a 24% decline and an 80% drop from its peak, coupled with the absence of major ecosystem updates, have led to a decline in user sentiment. Community leaders warn that a continued silence from the Core Team may trigger mass sell-offs and user withdrawals. Concerns have been raised that the launch of Pi2Day, expected on June 28, might solely introduce Pi Domains without substantial features, potentially fueling disappointment. Calls for the release of long-awaited tools like smart contracts have intensified, emphasizing the necessity to avoid further delays in key deployments.
On June 28, the Pi Core Group is set to address its plans for the Global Cryptocurrency Venture (GCV), a crucial event that could mark a significant milestone for the long-in-development Pi Network. Initially conceived as a mobile-based mining platform, Pi Network has transitioned towards a full mainnet launch. The Core Team has committed to launching the mainnet once Know Your Customer (KYC) verification is finalized, ensuring compliance, environmental sustainability, and security integrity. In addition to infrastructure enhancements, the Core Team aims to introduce 100 decentralized apps (DApps) on the Pi Browser, enabling direct transactions with Pi coins for goods and services. Updates on tokenomics, KYC integration, and mining adjustments are anticipated to reshape the earning, transfer, and utilization of Pi coins. The Core Team’s focus on addressing longstanding issues, particularly GCV, signifies a pivotal moment for the project, with user expectations extending beyond value recognition to encompass future tools, timelines, and access privileges.
With a global user base exceeding 47 million and years of development milestones behind it, the Pi Network faces mounting pressure to deliver on its promises. The community’s trust hinges on the Core Team’s ability to adhere to its roadmap commitments and foster user engagement. Technical indicators, including the MACD and Balance of Power (BoP), signal a potential bullish reversal and a shift towards buyer dominance after a period of volatility. The RSI has also shown positive momentum, breaking above the neutral line and hinting at a bullish trend formation if buying strength continues.
