Pi Network’s native token (PI) experienced a significant price increase, surging 38% this week, fueled by anticipation surrounding an upcoming AI-related announcement.
The speculation intensified following an appearance by Pi Network co-founder Nicolas Kokkalis on a generative AI panel at Consensus 2025. On Sunday, Pi Network announced via X that details of its planned developments concerning artificial intelligence would be revealed at an event titled Pi2Day on Thursday.
The co-founder’s panel appearance and the subsequent official post indicated Pi Network’s exploration of integrating AI technology directly into its ecosystem.
Following these developments, the PI token price saw a dramatic rise, reaching a peak of $0.65 on Wednesday, a substantial increase from its $0.47 valuation at the previous Sunday.
Rumors of a Google Collaboration Circulate on Social Media
The elevated token price prompted increased discussion about the impending AI announcement on social media platforms. Speculation regarding a potential high-profile partnership gained traction online.
One X user posited a connection between Pi and Google’s AI division, noting perceived similarities between logos. Another community insider suggested the focus might be on another Pi-related AI project named PiAI. Nevertheless, a measured perspective emerged, with one user advising followers to temper expectations.
CoinDesk attempted to secure a comment from Pi Network regarding the anticipated event and reports, but the request went unanswered by publication time.
Facing scrutiny, a community member questioned the tangible value proposition of Pi Network, suggesting other platforms have already established similar functionalities. This highlights ongoing debate surrounding the project’s unique utility.
Pi Network Announces $100M Startup Fund
The recent price surge preceded another significant announcement from Pi Network last month. On May 15th, the organization unveiled a $100 million fund aimed at bolstering its blockchain ecosystem.
This initiative seeks to invest in businesses and startups selected to enhance the utility of Pi’s network. While most investments will be conducted in US dollars, the program also contemplates the strategic use of PI tokens for eligible funding vehicles.
