Pi Network Launches Second Test Token SLICE Amid PI Price Slump
Pi Network's Core Team has launched a second Launchpad test token, SLICE, on Friday, as the native PI token continues to trade near all-time lows following weeks of market-wide selling pressure. The new testing phase, running until June 28 (Pi2Day), aims to strengthen community engagement and refine the Launchpad mechanics based on feedback from the first test token, which attracted over 478,000 Pioneers on Pi Day 2026. The team has simplified the participation flow and updated the user experience. SLICE is purely a testnet asset and will never go to mainnet. Meanwhile, PI's price has dropped 95.7% from its all-time high in February 2025, hitting a low of $0.12 on June 6. Despite a slight recovery of about 7%, the token remains under heavy pressure. Some on-chain metrics and oversold RSI suggest a potential reversal, but no clear breakout has occurred yet. Investors are watching the upcoming Pi2Day event for possible catalysts.
Key facts
- Pi Network launched test token SLICE on Launchpad, running until June 28.
- SLICE is a testnet-only token and will never go to mainnet.
- PI token price hit a low of $0.12, down 95.7% from ATH.
- First test token attracted over 478,000 participants for feedback.
- Oversold RSI and on-chain metrics hint at possible reversal.