Pi Network has started its Mainnet migration on June 18, 2026, moving node software from version 24.1 to 25.2. The team said the process should be brief, with expected downtime of less than five minutes. Node operators were told not to update all nodes at the same time and instead reroute traffic before upgrading in stages.
The market response was cautious. PI fell 3.62% over 24 hours, sliding from $0.135 to nearly $0.129 within hours. At the time of reporting, the token was trading around $0.1304. Its market capitalization was about $1.4 billion, while daily trading volume stood near $10.23 million.
Traders stay on the sidelines during the upgrade window
Price weakness appears tied to uncertainty around the migration rather than to a confirmed operational problem. Even when a team describes an upgrade as routine, traders often react carefully if there is any chance of service interruption. A short outage can still affect trading behavior, and that caution showed up in PI’s price action.
Broader market sentiment also added pressure. The source noted that recent discussion around the latest Fed leadership transition has made risk-asset traders more careful. No rate change was announced, but some participants remain focused on future policy signals. That external caution, combined with the network upgrade, likely shaped the day’s pullback.
SLICE test token opens another round on Testnet
Alongside the migration, the project launched a second test token called SLICE on Testnet. Participation remains open until June 28, 2026, the date of Pi2Day.
The updated flow is built around a simpler process. Users choose how much Test they want to commit, and the system automatically calculates the fair-access hold. Before confirmation, the interface shows three items: commitment amount, hold amount, and total amount. According to the source, feedback from the first test token was used to make participation easier for regular users.
App campaign continues ahead of Pi2Day
Pi Network is also keeping its vibe coder campaign active through June 28. Developers can use App Studio to turn AI-generated projects into working apps. The tools named in the source include Codex, Claude Code, Replit, Cursor, and Lovable.
The push is aimed at bringing more apps into the ecosystem before Pi2Day. The focus here is on builder activity rather than token trading, with the project trying to expand application output ahead of the event.
No Binance confirmation, while attention shifts to version 26.0
One of the biggest discussion points in the community remains a possible Binance listing. At this stage, there is no official confirmation and no new exchange announcement tied to Binance. Listing talk continues, but it has not moved beyond speculation.
The source also said another migration update, version 26.0, is still expected before the end of June. Some observers think exchange-related discussion could intensify after that phase is completed. That view is not an official statement. For now, the confirmed developments are the Mainnet migration, the SLICE Testnet event, and the ongoing developer campaign.