Pi Network completed the distribution of Slice, its second testnet token, as PI remained under pressure near its July record low. The team announced the update earlier today through X. Pioneers can now review allocations, token prices, liquidity access, and price movements inside the Launchpad application. Meanwhile, PI traded near $0.083 after another sharp decline.
Pi Network began its Launchpad testnet token program on PiDay 2026, which fell on March 14. Nearly 480,000 users joined the first testing phase. Their feedback led the team to simplify participation, revise several mechanics, and improve the user experience. The project then introduced Slice in June to extend the testing process.
Testing opened on June 12 and continued until Pi2Day on June 28. After weeks without an update, the team confirmed that it had completed distribution. The Launchpad application now displays each user’s allocation, the launch price, and the effective token price. It also provides direct access to the SLICE liquidity pool.
In addition, a new chart tracks Slice against test-Pi. The feature lets users examine post-launch activity and observe how liquidity pools affect testnet pricing.
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 later reached a new record low near $0.07. A 20% daily rebound briefly pushed the token toward $0.10.
Still, resistance stopped that recovery. PI then dropped more than 10% to $0.082 after earlier signals pointed toward another rejection. The wider 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.
Also Read: Pi Network Price Falls as Whale Holdings and Token Unlocks Loom
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.
The tracker scheduled the largest release for June 25, involving about 7.45 million PI. The dashboard valued that amount near $622,276. Unlocked tokens do not automatically reach exchanges, so scheduled releases do not create immediate selling pressure. Still, 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.
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.