Pi Network's Core Team launched the SLICE test token on Friday as part of their second Launchpad test phase. According to reports from Pi Network, this new testing phase runs for two more weeks until Pi2Day on June 28 and aims to strengthen community engagement around the Pi ecosystem. The Pi Launchpad is a project incubation hub built inside the Pi Network ecosystem where users can test new tokens before mainnet release. Following the first testnet token deployed on PiDay 2026 (March 14), the team has incorporated feedback from nearly 480,000 Pioneers to shape a simpler participation flow and updated Launchpad mechanics. The latest update from the Core Team on X indicates that Pi Launchpad incorporates data and feedback from the first testnet token that commenced testing on PiDay 2026 (March 14) after the new update.
The native PI token continues to struggle near all-time lows after weeks of heavy market-wide selling pressure. As reported by BeInCrypto Markets data, PI hit a fresh all-time low below $0.12 on June 6 and has since recovered roughly 7% from those depths. However, the macro picture remains challenging, with the token still trading 95.7% below the all-time high recorded in late February 2025. Despite steady product updates and protocol improvements, the overall market-wide crash has severely impacted PI's performance in recent weeks. The project's native token has remained highly depressed in its price moves, with the macro scale remaining severely painful despite some other protocol updates and product launches.
Pioneers participating in the SLICE test require opening the Pi Browser, accessing the Pi Launchpad, and reviewing the SLICE project. According to Pi Network, participants can then choose a commitment amount in Test-Pi, confirm their participation, and engage with the Slice of Pi app. The team confirmed that SLICE is purely a testnet asset and will never reach mainnet, as its sole purpose is to help users learn new ecosystem token mechanics ahead of future launches. This testing phase provides Pioneers another opportunity to familiarize themselves with the new token mechanics before mainnet implementation. 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."
Pioneers who want to participate in the SLICE testing phase need to follow specific steps as outlined by Pi Network. The process begins by opening the Pi Launchpad in Pi Browser and reviewing the SLICE test token and project details. Participants then choose a commitment amount in Test-Pi, confirm their participation, and engage with the Slice of Pi app. The team emphasizes that SLICE will never go onto Mainnet, making it exclusively a Testnet token designed for testing purposes. This testing phase provides Pioneers with valuable feedback opportunities and helps evaluate the effectiveness of the updated Launchpad mechanics and user experience improvements.
Despite the challenging performance, some on-chain metrics and the upcoming token unlock schedule suggest potential for recovery. As reported by Pi Network, the RSI sits deep in oversold territory, often a precursor to potential reversals across major altcoin charts. For now, there is no clear breakout attempt yet, and investors will watch closely how PI reacts in the coming weeks, especially around Pi2Day, which historically generates significant attention and trading volume across the entire Pi Network community. The team's latest updates and the incorporation of feedback from nearly 480,000 Pioneers suggest continued development efforts, though the macro environment remains challenging for altcoin recovery.
