Pi Launchpad has completed the distribution of its second testnet token, SLICE, with more than 242,000 Pioneers committing 15.92 million Test-Pi during the testing phase. The exercise marks another step in Pi Network's effort to build out decentralized exchange and token-launch functionality on its platform. PI is currently trading near $0.083 and would need to reclaim $0.090 before challenging resistance between $0.095 and $0.10.

Following the completion of SLICE distribution through Pi Launchpad, Pioneers now have access to allocation data, token prices, a liquidity pool, and a new price-tracking chart. PI remains under pressure after failing to hold above the $0.10 level, keeping traders focused on nearby support and resistance zones.

Pi Network Price Holds Weak Structure After SLICE Update

In a blog post%20mechanisms.), Pi Network confirmed that more than 242,000 Pioneers participated in the SLICE test from June 11 to June 28. Participants committed 15.92 million Test-Pi in exchange for 10 million SLICE test tokens. The project designed the exercise to familiarize users with token swaps, liquidity pools, and automated token pricing mechanisms.

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The Launchpad interface now displays each user's allocation, launch price, and effective price. It also provides access to the SLICE and Test-Pi liquidity pool, along with a chart that tracks the test token's price movements as users complete swaps.

SLICE exists exclusively on Testnet and will never be migrated to Mainnet. Pi Network is using the exercise to gather community feedback before developing a future Mainnet launch process. The testing phase follows the network's earlier transition to an open Mainnet, which enabled PI to trade on external exchanges while keeping core ecosystem features under continued development.

Pi Network Price Faces Resistance Near the $0.090 Level

Pi Network price stood near $0.0832 on July 25 after losing ground during the previous session. The token has struggled since its latest recovery attempt failed above $0.10, maintaining a bearish short-term structure.

Immediate support sits around $0.080, followed by a zone between $0.075 and $0.078. A deeper decline could revisit the recent low near $0.070. On the upside, buyers would need to reclaim $0.090 before testing the stronger supply zone between $0.095 and $0.10.

Pi Network price also remains well below the declining 200-period moving average, cited near $0.159. That gap leaves rebounds vulnerable to selling pressure. While the SLICE distribution enhances Launchpad functionality, it does not directly create demand for the tradable PI token, since the exercise involved Test-Pi rather than Mainnet tokens.

A previously reported figure of 127.5 million PI referred to a 30-day unlock period beginning in late June. That earlier estimate should not be treated as the current unlock schedule or linked directly to present selling pressure.