Pi Network’s team announced earlier today that it has completed the distribution of its second testnet token, called Slice, through the Pi Launchpad.

The statement also outlined how users (known as Pioneers) can take advantage of and explore its functionalities.

SLICE Distributed

Recall that the initiatives around testnet tokens began on PiDay 2026 (March 14), and nearly 480,000 users took part in the Launchpad testing. According to the team, they generated “valuable feedback on the Launchpad mechanism,” which was incorporated into a simpler participation flow, updated mechanics, and an improved user experience.

To build on top of the initial progress, Pi Network launched a second testnet token called Slice in June. Testing began on June 12 and remained open until June 28 (Pi2Day). Although it has been almost a month since then, the team remained quiet on the SLICE front until earlier this morning.

In a post on X, they announced the successful distribution of the testnet token and urged users to explore the “post-launch experience and see how liquidity pools work through the new price tracking feature.” They explained that the Launchpad app in the Pi Browser shows individual allocation details, the launch and effective token prices, access to the SLICE liquidity pool, and a chart tracking changes in the asset’s price relative to test-Pi (the other testnet token).

PI’s Weird Price Moves

The official native token of the project has been quite volatile lately, mostly heading downhill. It plunged to a new all-time low of $0.07 a couple of weeks ago after it lost the coveted $0.10 support. After a few unsuccessful breakout attempts, it finally rocketed by 20% daily last Sunday and challenged the same level but from the downside.

However, the resistance now was too strong, and PI failed in its tracks. Another major leg down came yesterday when it plummeted by over 10% to $0.082 after some warning signs hinted at an upcoming rejection.

Meanwhile, some users have complained online that they have detected strange activity in their Pi Wallets, including missing tokens and countless failed transactions to unknown addresses.

Source: CryptoPotato