The Pi Network Core Team has announced several ecosystem updates, including progress toward its v25 protocol upgrade. Meanwhile, Dogecoin and Cardano’s ADA face continued market pressure, with significant price declines and concerning on-chain activity for DOGE and technical analysis pointing to further potential drops for ADA.
The controversial crypto project Pi Network remains highly active. The Core Team announced the successful transition to protocol v24 and is working toward the v25 upgrade, though it may be delayed past the June 18 deadline.
The team also encouraged Pioneers to help expand the ecosystem by inviting Vibe coders to bring AI-driven applications into the project’s network. This initiative will run until Pi2Day, celebrated annually on June 28.
A fresh update was published on the state of the Pi Launchpad testing period, which features the new test token, SLICE. “The updated participation flow is simpler and clearer,” the team’s message read.
Most recently, Pi Network said its Ecosystem Directory Staking received a new look and improved user experience. The team explained that staking PI coins allows Pioneers to collectively support applications and services.
The OG meme coin Dogecoin (DOGE) has been bleeding heavily lately, with its price crashing 52% over the past year to $0.08. Recent whale behavior suggests the sell-off may continue in the near future.
Over 420 million DOGE have been distributed by these large market participants in the last seven days. Their total holdings have dropped to nearly 35 billion coins.
Cardano’s native token ADA has tumbled even more than DOGE, with its valuation plunging to roughly $0.16. Its market capitalization dropped below $6 billion, and the asset may soon no longer be among the top 20 cryptocurrencies.
Analyst Ali Martinez claimed that ADA has been forming a bearish flag since the start of June and is now breaking from the structure. He argued, “the odds have significantly increased for a bigger price correction towards $0.13.”
