Pi Network Makes Waves with Pi2Day Announcements as Token Remains Stuck

• Pi2Day 2025 dropped new tools like Pi App Studio, but the price kept sliding hard.
• Hopes for major exchange listing or clearer Mainnet access were unmet, fueling bearish sentiment.

Pi Network rolled out several new tools and features on Pi2Day 2025, but the announcements failed to reverse the downward trend of Pi coin, which remains stuck below critical price levels. Despite the network’s attempt to expand its ecosystem, the token has dropped over 25.22% this month, deepening concerns among investors.

The headline feature introduced this year is the Pi App Studio, a no-code platform that allows users to develop Pi-based applications without needing technical knowledge. The tool merges blockchain with artificial intelligence, aiming to help users create practical applications at scale. This launch was part of broader efforts by the Core Team to improve real-world use cases for Pi.

Alongside Pi App Studio, Ecosystem Directory Staking was introduced. This feature lets both users and businesses stake their Pi coins to improve the visibility and ranking of decentralized applications on the platform’s interface. Both upgrades aim to increase activity within the Pi network, but the market reaction has been negative so far.

Another update was a new version release for Pi Nodes, which includes multiple technical improvements. Pi network also extended its .pi Domains Auction, added a third-party onramp aggregator for better asset flow, and made several changes to the Mainnet migration process, which continues to be a bottleneck.

Pi Price Falls Despite Feature Announcements

Pi coin traded at $0.5301 on June 28, falling 2.62% over the last 24 hours. That drop puts it 82.21% below its peak of $2.98, with most indicators showing bearish conditions. The MACD histogram has begun to decline, a sign of reduced bullish momentum. The RSI has slipped to 40, indicating possible further correction towards oversold levels.

Source: TradingView

Pi Network’s Open Mainnet, which was launched back in February 2025, has not delivered complete accessibility with widespread delays in KYC completion and token migration. Several users are still reporting lockout from Mainnet operations despite the system being active for several months.

Pi Browser has been updated with complete account management, combining dApp entry and KYC processing. This comes after the KYC sync function rolled out on June 19, looking to make onboarding smoother, though many wait for approval.

No Exchange Listing or Timeline Frustrates Users

The community had high expectations ahead of Pi2Day, with some hoping for a listing on large exchanges or an explicit roadmap toward full Mainnet exposure. Neither happened. Others also waited for additional AI integrations or even a more explicit schedule of launches. The absence of these updates helped fuel the negativity.

Commenting on the outcome, Dr. Altcoin described the announcements as underwhelming and said that although the AI tool is useful, the market was not impressed. 

He had forecast earlier that a good update would be enough to push the price up to $0.7–$0.9, but that it would likely come back down to $0.5 soon. Currently, his warning holds, with Pi trading slightly above key support levels and an inability to support above $0.56–$0.58 likely sending it back downward.