The past 30 days for Pi Network included the unveiling of new developer tools, a deadline for a mainnet migration, and a refreshed Pi Browser interface. However, the project’s token, PI, fell to consecutive all-time lows, dropping below $0.10 before briefly challenging that level. The token recently traded near $0.08, down over 97% from its February all-time high of $2.99. Controversy also emerged regarding a reported phishing scam targeting a user’s wallet passphrase, alongside the distribution of a new testnet token called SLICE to nearly 480,000 participants for the Pi Launchpad.
The second most important day for Pi Network, known as Pi2Day, occurred on June 28. The Core Team did not announce a major exchange listing but unveiled PiVerify, Pi Sign-In, and SoloHost for the Pi App Studio.
About a week later, the team expanded the Pi App Studio to support persistent storage. This upgrade allows developers to create more advanced applications that can securely store user data.
A new deadline was announced for validators to complete Mainnet migration requirements by July 22. No official confirmation has been provided regarding the successful deployment of the v25 protocol update.
The team later rolled out a redesigned Pi Browser with a cleaner interface. The update aims to improve navigation and make ecosystem applications more accessible to users.
The Core Team confirmed the distribution of the new Testnet token SLICE to nearly 480,000 participants. Pioneers can now explore token allocations and liquidity pools inside the Pi Browser, though the team stated SLICE is intended for testing purposes.
Controversy involved a report of suspicious activity from one Pioneer. Data on X indicated that after waiting to unlock tokens, a user found failed transaction attempts, which highlighted the threat of “phishing scams targeting wallet passphrases.”
The project’s native token, PI, recorded its worst month to date. It broke below $0.10 and charted consecutive all-time lows, with the latest at just over $0.07 on July 14.
The token rebounded to challenge $0.10 before being rejected. It is currently fighting to stay above $0.08, remaining down over 97% since its all-time high.
