Pi Network Launches SLICE Test Token as PI Struggles at All-Time Lows

Pi Network’s Core Team launched a second Launchpad test token, SLICE, on Friday. The rollout comes as the native PI token continues to struggle near all-time lows after weeks of heavy market-wide selling pressure.

The new testing phase runs for two more weeks and aims to strengthen community engagement around the Pi ecosystem.

Pi Launchpad has updated its participation flow and model, incorporating data and feedback from the first Testnet token that launched on Pi Day 2026!The first Launchpad test token attracted over 478,000 participating Pioneers and generated valuable feedback on the Launchpad… pic.twitter.com/TE394SyaYk

— Pi Network (@PiCoreTeam) June 12, 2026

What the SLICE Test Token Brings to the Pi Launchpad

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 now incorporated feedback from nearly 480,000 Pioneers.

That valuable feedback shaped a simpler participation flow, updated Launchpad mechanics, and a refined user experience overall. As a result, the team has now opened testing for the second token, SLICE, which will remain live until Pi2Day on June 28.

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Pioneers who want to participate need to open the Pi Browser, access the Pi Launchpad, and review the SLICE project. They 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. Importantly, it will never reach mainnet, since its only purpose is to help users learn the new ecosystem token mechanics ahead of future launches.

“A second test token, ‘SLICE,’ is currently live on the Testnet to help assess whether the updates can achieve these goals, and to give Pioneers another opportunity to learn the new ecosystem token mechanics. As a reminder, SLICE is a Testnet token and will never go on the Mainnet,” one user said on X.

Pi Network community’s.This how you can purchase your Slice TestPi token in Lunchpad.Watch this video record and get your Slice TestPi token immediately.@PiCoreTeam pic.twitter.com/vBYaxRpLIl

— Flex (@Flexl0y) June 12, 2026

Why the PI Coin Price Remains Under Heavy Pressure

Despite steady product updates, the PI native token continues to face brutal price action. The broader crypto market crash hit it hard in recent weeks, pushing PI to a fresh all-time low below $0.12 on June 6.

Since then, PI has recovered roughly 7% from those depths, according to BeInCrypto Markets data. Nevertheless, the macro picture remains painful, with the token still trading 95.7% below the all-time high recorded in late February 2025.

However, some on-chain metrics and the upcoming token unlock schedule suggest the worst could already be behind PI. The RSI also sits deep in oversold territory, often a precursor to potential reversals across major altcoin charts.

For now, there is no clear breakout attempt yet. 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.