Pi Network price stays weak as Pi2Day campaign nears deadline

Pi Network is pushing users to join two ecosystem campaigns before Pi2Day 2026 on June 28, while PI continues to trade near recent lows.

The Pi Core Team said Pioneers still have time to join the Vibe Coder campaign and test the SLICE Launchpad Testnet token.

The update came through the project’s official X account. Pi Network said Pi2Day has often been used for ecosystem updates, feature releases, and community campaigns. This year, the focus is on app creation, Launchpad testing, and user participation rather than a price-related announcement.

The Vibe Coder campaign asks Pioneers to introduce AI-assisted app builders to Pi App Studio. Participants can submit one qualifying social post through the Pi mining app and enter a raffle for Pi merchandise. The campaign runs until Pi2Day.

Pi Network said the effort is meant to bring more AI-created apps into its ecosystem. The project says app builders can use Pi’s user network, identity tools, payment tools, and ad system to test new products.

SLICE test stays on Testnet

The second campaign centers on SLICE, a Testnet token released through Pi Launchpad. Pi Network has said SLICE is only for testing and “will never go onto Mainnet.” That detail matters because the test does not add new PI market supply.

SLICE connects to Slice of Pi, a working Pi-integrated game. The project said this lets the Launchpad collect real engagement data instead of testing with only a demo app. Users can try the app, review the token flow, commit Test-Pi, and send feedback.

The updated Launchpad flow removes some steps from the first test launch. Pioneers now choose a Test-Pi commitment amount, while the system calculates a fair-access hold. Pi Network said the hold aims to limit whale control and support wider access.

The test also gives users a safer place to learn how future token launches may work. The held Test-Pi is returned after the hold period, and the test token has no mainnet value.

PI trades near recent lows

According to Pi Network traded near $0.1267 on June 25. PI was down about 1.56% over 24 hours and 3.01% over seven days. It also remained down about 13.86% over the past month.

The token’s 24-hour trading volume stood near $10.89 million. Its market cap was about $1.36 billion, while fully diluted valuation sat near $2.10 billion. PI also remained far below its $2.99 all-time high from Feb. 26, 2025.

As previously reported, Pi Network’s price recently hit a new all-time low near $0.126 after a sharp monthly slide. That report also pointed to token unlocks and weak liquidity as pressure points for the market.

In a previous article, discussed Pi’s halving system and supply math. The report said mining-rate cuts do not fully answer the larger unlock flow, because old balances and migration releases remain more important for price pressure in 2026.

Technical setup stays cautious

The PI/USDT daily chart still shows a wider downtrend from the March high near $0.28 to $0.30. Price has formed lower highs and lower lows since then. The latest candle showed a small gain, but PI remained close to the bottom of its recent range.

RSI stood near 37.49, below its moving average near 41.79. That shows weak momentum. RSI is not oversold, but it also remains below 50, which means buyers have not regained control.

MACD is improving slightly, but it remains below zero. The MACD line sat near -0.0038, above the signal line near -0.0043, while the histogram was slightly positive. That setup shows selling pressure has eased, but the broader trend remains weak.

Crypto analyst Crypto With Gopal said PI is forming a head-and-shoulders pattern, but buyers are still defending the neckline. Another Pi-focused account said $0.14 remains a key sell wall after a bounce near $0.13. These are market views, not confirmed outcomes.

The broader market backdrop also remains weak. Fear and Greed reading remains in Extreme Fear territory, showing risk-off conditions across crypto. That matters for PI because smaller tokens often depend on stronger Bitcoin and altcoin demand before local catalysts can turn into lasting price moves.

The next test is whether Pi2Day activity can lift usage and sentiment while the chart stays fragile. For now, PI shows mild short-term stabilization, but price still needs stronger volume, RSI above 50, and a better MACD setup before the recovery looks firmer. Market activity still has to confirm demand.