Pi Network has finalized the distribution of Slice, its second testnet token, while PI continues to trade under pressure near its July record low. The team announced the completion earlier today via X, allowing Pioneers to check allocations, token prices, liquidity access, and price movements inside the Launchpad application. At the time of reporting, PI was trading around $0.083 after another sharp decline.
Slice Distribution Expands Launchpad Testing
Pi Network launched its Launchpad testnet token program on PiDay 2026 (March 14). Nearly 480,000 users participated in the first testing phase, providing feedback that led the team to simplify participation, revise mechanics, and improve the user experience. The project introduced Slice in June to extend the testing process.
Testing opened on June 12 and ran until Pi2Day on June 28. After weeks without updates, the team confirmed distribution completion. The Launchpad application now displays each user’s allocation, launch price, and effective token price, along with direct access to the SLICE liquidity pool. A new chart tracks Slice against test-Pi, enabling users to examine post-launch activity and observe how liquidity pools affect testnet pricing.
PI Price Struggles Below $0.10
PI fell 3.80% over 24 hours to $0.0829, extending a monthly decline of nearly 30%. The token remained about 17% above its July 14 low of $0.07072. Earlier, PI lost the $0.10 support level and reached a new record low near $0.07. A 20% daily rebound briefly pushed the token toward $0.10, but resistance halted that recovery. PI then dropped more than 10% to $0.082 after earlier signals pointed toward another rejection.
The broader crypto market also declined 0.94% to $2.19 trillion. Coinglass recorded 83,203 liquidations worth $301.33 million during the same period. SoSoValue data showed $225.2 million in Bitcoin ETF outflows and $26.3 million in Ethereum ETF outflows. Bitcoin traded near $64,000, while Ethereum stayed above $1,850.
Can PI Hold Above Its Record Low?
A token unlock tracker listed 127.50 million PI for release over 30 days, based on data updated June 15. That amount represented 2.06% of 6.19 billion tracked locked tokens. At the listed valuation, the scheduled releases carried an estimated value of $10.65 million. The tracker projected an average daily release of 4.25 million PI, with the largest release scheduled for June 25 involving about 7.45 million PI (valued near $622,276).
Unlocked tokens do not automatically reach exchanges, so scheduled releases do not create immediate selling pressure. However, they expand the amount holders can access during the tracking period.
At reporting time, PI traded at $0.08348 after gaining 0.82% over four hours. Its Relative Strength Index stood at 34.46, close to oversold territory. The MACD line remained below its signal line, while the histogram stayed negative. Resistance sat near $0.090, followed by $0.095 and the major $0.10 level.
Further weakness could send PI toward $0.078 or $0.075. A break below that range would expose the horizontal support area near $0.070. Separately, some users reported missing tokens and repeated failed wallet transactions involving unknown addresses. The supplied information did not include a formal team response to those complaints.
Conclusion
Pi Network completed the Slice testnet token distribution and added tools for tracking allocations, prices, and liquidity pools. However, PI remains under pressure near record lows as resistance and scheduled token unlocks affect market sentiment. Users should monitor support levels and official network updates closely.
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