The Pi Network Core Team has announced two major updates to its Pi App Studio, but these improvements have done little to arrest the relentless decline of the native PI token. The token has once again plunged to a fresh all-time low, marking its fifth consecutive daily loss.
What’s New in Pi App Studio
In a blog post on July 7, 2026, the team detailed two key upgrades. The first introduces backend support enabling newly created apps to save and retrieve user-specific data across sessions. This allows developers to build persistent experiences that continue even after users leave and return. The second update is an AI-assisted App Planning Phase, which helps developers turn initial ideas into complete app concepts in a more interactive and dynamic manner.
PI Token Tumbles to Record Low
Despite the technical advancements, PI’s market performance has worsened. On Wednesday, the token slid to a new all-time low of $0.1033 according to CoinGecko, losing over 7% in the past 24 hours against a broader market dip of 1-2%. The decline extends a painful streak: PI has now fallen 10% on the week and a staggering 96.5% from its February 2025 peak.
Derivatives data reveals deepening bearish sentiment. Open interest in PI futures dropped to $9.75 million from $10.88 million the previous day, while the funding rate plummeted to -2.1546%, underscoring heavy short positioning. The 4-hour chart shows PI approaching the psychologically critical $0.10 support zone. A breakdown below $0.1010 could accelerate losses toward the next key level at $0.0867. Technical indicators remain firmly bearish, with the RSI near 31 and the MACD below its signal line, suggesting that any recovery attempt may face renewed selling pressure unless the token can reclaim resistance at the 50-day EMA around $0.1324.
