Pi Network Launches AI App Builder, Staking Model, Token Price Unmoved

Pi Network, a blockchain project, recently celebrated Pi2Day with the launch of two significant ecosystem upgrades. The first is an AI-powered no-code app builder, which allows users to create applications using natural language instead of traditional coding. This tool includes a chatbot builder and a beta feature that translates user instructions into functional app logic. The second upgrade is a community-driven staking model called Ecosystem Directory Staking, which enables users to stake their Pi tokens on listed apps to boost their visibility. This model aims to shift app discovery power to the community, making token utility central to app rankings.

Despite these innovative upgrades, the price of Pi’s native token showed minimal movement. Market interest has yet to catch up with the ecosystem's growth. Speculation around the event spiked just before Pi2Day, with Open Interest climbing on derivatives platforms. However, this momentum was short-lived, as data from Messari showed a near-immediate tapering after the update rollout, suggesting traders exited once the news broke. This behavior often reflects “buy the rumor, sell the news” strategies, not long-term bullish conviction.

While Pi Network’s announcements made waves internally, social volume data from Santiment stayed patchy, with no consistent spikes indicating sustained interest. Meanwhile, the Altcoin Season Index was at just 21 at press time, indicating that investor preference still leans heavily toward Bitcoin. This makes it even tougher for tokens like Pi to gain traction, regardless of innovation.

Many users on X have also voiced skepticism, pointing to unresolved concerns like unverified balances and incomplete mainnet migrations. As one user put it, “We’ll have to wait at least two weeks to see if these are useful and fruitful or not.” Another warned, “If Pi Network doesn’t fully migrate user balances and reward early miners, its legitimacy will continue to erode… until then it’s all smoke and mirrors.” The lack of clarity around user holdings is a key sticking point, with pioneers wanting to know the exact amount of Pi they own. Until these foundational issues are addressed, Pi’s innovative upgrades may struggle to gain substantial traction.

Despite the headline-grabbing ecosystem upgrades, the Pi token’s price movement has remained largely subdued. At press time, the token traded around $0.5351, only a modest uptick that lacks the strength typically seen during major network developments. The RSI was at 48.20 on the hourly chart, hovering close to the neutral 50 mark, showing a lack of strong bullish or bearish pressure. Market participants are still undecided or waiting on further catalysts before making moves. Meanwhile, the OBV remained in negative territory, indicating that buying volume has not significantly outweighed selling pressure. There was a momentary spike in trading volume on the 29th of June, but it failed to spark a sustainable rally.