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Pi Network has introduced new App Studio upgrades that expand application development capabilities, while its native token has dropped to another record low. The latest updates add persistent storage for AI-created apps and strengthen backend support, allowing developers to build more functional applications.
Meanwhile, PI has continued its prolonged decline despite the protocol improvements, with CoinGecko data showing the token briefly fell to $0.1002 before recovering about 1.5%.
Pi Network shared additional details on X after announcing two major App Studio updates. The improvements include an AI-assisted app planning phase and expanded backend capabilities designed to improve application development.
According to the team, persistent storage now allows newly created App Studio applications to save and retrieve user-specific data across multiple sessions. As a result, developers can build applications that continue functioning after users leave and later return.
For example, games can retain high scores, productivity applications can restore to-do lists, and note-taking apps can automatically preserve saved content. Previously, App Studio applications mainly supported frontend-only experiences, causing user preferences and progress to disappear after each session ended.
The team described persistent storage as the first capability built on the new backend foundation. It also stated that the feature broadens the range of practical AI-created applications available through Pi Network.
Despite the development updates, PI has failed to reverse its declining trend. Instead, the token has continued posting lower prices throughout recent weeks. The token dropped below $0.115 near the end of June during a wider cryptocurrency market correction. It later recovered into the $0.12 to $0.13 range before renewed selling pressure pushed prices lower again.
PI fell to $0.1033 before reaching another all-time low of $0.1002, according to CoinGecko data. Although the token later recovered about 1.5%, it remained close to the $0.10 level. The latest decline has left PI at risk of falling below that psychological threshold as overall market sentiment remains weak and confidence in the token stays limited.
Read More: PI Price Prediction: $0.13 Support Faces Pressure as Token Unlocks Rise
Pi Network has declined nearly 33% during the past month. The token has also continued to underperform much of the broader cryptocurrency market. Ongoing token unlocks remain one of the largest factors affecting price performance. As additional PI enters circulation, buying demand has not matched the increasing supply, allowing selling pressure to persist.
Moreover, several short-term rebounds quickly faded as sellers returned to the market. At the same time, Bitcoin and several major altcoins recovered during recent market improvements, while PI remained locked in a sustained downtrend.
Recent geopolitical tensions also added pressure across the digital asset market. Although many cryptocurrencies experienced temporary weakness, PI underperformed several larger assets once again, reflecting continued cautious participation and limited capital inflows.
Pi Network expanded App Studio with persistent storage and stronger backend support, allowing developers to build more capable applications. Despite those updates, PI fell to another record low as token unlocks, weak demand, and cautious market sentiment continued to pressure the token. Market participants will likely monitor both ecosystem development and price movement closely.
