#PI# Pi Network had some important updates on June 29, but its Mainnet did not open as expected by some users, and there has been certain pressure on the price movement recently. The relevant situation is as follows:

Mainnet launch disappointed: Previously, there were reports that June 28 might be the date for the Pi Network Mainnet launch, but the project team did not release any technical announcements related to the Mainnet launch. Instead, they stated that the Mainnet launch date would be adjusted according to the progress of technical validation, and the specific date will be notified separately.

Technology and Function Updates: On June 28, Pi2Day, Pi Network launched two new features and made several technical and product updates. Firstly, it introduced the GenAI-based Pi App Studio feature, which helps users create their own apps without a technical background. Secondly, it launched the ecosystem directory staking feature, allowing pioneers and enterprises to increase the ranking of applications in the ecosystem interface by staking Pi coins. In addition, the Pi wallet integrated Onramper, the node was updated to version 0.5.2 and the node ranking page was launched, and over 500,000 additional pioneers were unlocked. The .pi domain auction has been extended to September 30.

Price movement situation: According to JiaoBenZhiJia data, as of June 28th, 4:30 AM, the price of Pi coin is $0.5637, up 0.16% compared to the previous day, with a 24-hour low of $0.542292, yesterday's opening price of $0.6313, and closing price of $0.5741. The decline yesterday was 9.06%, showing certain fluctuations and an overall downward trend.