Pi Network rarely stays out of the spotlight, as the Core Team consistently rolls out ecosystem upgrades and major announcements.
Yet despite the steady stream of updates, the project’s native token has continued to slide, recently tumbling to a fresh all-time low.
Pi Network’s community has been desperately waiting for a potential catalyst that could finally trigger a price rebound for PI, with numerous members pinning their hopes on Pi2Day.
The date is symbolic, as it represents the mathematical constant 2π, and it is celebrated annually on June 28. There was widespread speculation that the team would unveil groundbreaking announcements that day, as some even anticipated a listing on Binance.
Instead, Pi Network introduced SoloHost, Pi Sign-in, and PiVerify – tools designed to expand the ecosystem beyond native apps and into AI, digital identity, and third-party services. Several hours ago, the Core Team offered additional clarification on these features, saying:
“Together, these releases point to a broader direction for the ecosystem: Pi products are built both for the Pi ecosystem and to extend Pi services and resources to the external world. This, in turn, enriches and strengthens the Pi ecosystem.”
Some industry participants and entities praised Pi Network for releasing the aforementioned tools. X user Onur described these as “banger updates,” while CiDi Games argued that everything the team shipped on Pi2Day “points in the same direction: real utility, built by the people who use it.”
The community, though, wasn’t unanimously impressed. Many urged the team to fix the ongoing KYC and migration issues first, claiming that these problems are more urgent than new feature releases.
The overall market weakness, and perhaps the emergence of a classic “sell the news” scenario after Pi2Day, has resulted in a further price decline for PI, which fell to a new ATL of just over $0.11 towards the end of June.
As of press time, the token trades at roughly $0.115, representing a minor 0.8% increase on a daily scale and a whopping 96% crash since the historic peak of $3 witnessed at the start of 2025.
Still, some factors suggest that bears may loosen their grip in the short term. The number of PI coins stored on crypto exchanges has decreased by about 260,000 over the past day, bringing the total to 553.3 million. Such a trend usually leads to reduced selling pressure.
The upcoming token unlocks are also worth monitoring. Roughly 127.5 million PI are scheduled for release over the next 30 days, with an average daily unlock of 4.25 million. This is far less aggressive than in previous months and may help set the stage for a period of price stabilization.
The post Pi Network (PI) News Today: July 2 appeared first on CryptoPotato.
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