Major Pi Network (PI) News: Here’s What All Pioneers Need to Know

Meanwhile, the PI token remains just inches above its recent all-time low.

The Core Team behind the controversial project has updated the participation and flow model for the Pi Launchpad in a move to strengthen community ties and engagement.

It has opened the doors for Pioneers to participate in testing a second token called ‘SLICE,’ which will run for two more weeks.

Pi Launchpad Update and SLICE Testing

The latest post from the team on X indicated that Pi Launchpad incorporates data and feedback from the first testnet token that commenced testing on PiDay 2026 (March 14) after the new update. Almost 480,000 Pioneers took part in the Launchpad testing and “generated valuable feedback on the Launchpad mechanism.”

According to the team, the feedback has been incorporated into a simpler participation flow, updated Launchpad mechanics, and an improved user experience. Pi Network has now launched its second such test token called ‘SLICE.’ The testing has now commenced and will remain open until Pi2Day (June 28).

Pioneers who want to participate need to follow these steps:

• Open Pi Launchpad in Pi Browser

• Review the SLICE test token and project

• Choose a commitment amount in Test-Pi

• Confirm participation

• Engage with the Slice of Pi app and provide feedback

The testing will help evaluate if the updates can achieve the major goals and provide Pi Network users with another chance to “learn the new ecosystem token mechanics.” The team asserted that SLICE will never go onto Mainnet, as it will only be a Testnet token.

PI Price Update

Despite some other protocol updates and product launches, the project’s native token has remained highly depressed in its price moves. Recall that the overall market-wide crash harmed it severely in the past few weeks, pushing it to a new all-time low of under $0.12, marked on June 6.

It has managed to recover some ground since then and now sits about 7% higher. Nevertheless, the macro scale remains severely painful, with a 95.7% drop since the all-time high seen in late February 2025.

Some on-chain metrics and the upcoming token unlock schedule, on the other hand, suggest that PI’s worst days might be behind it. The RSI is also deep in oversold territory, which could mean a major reversal is upon it, but there’s no clear breakout attempt yet.