Pi Network’s Pi2Day feature rollout fails to lift PI as token hits about $0.11 low; XRP and ETH remain under pressure
AI Market Summary
Despite a broader crypto bounce, the newsletter highlights continued weakness in major names. ETH logged a third consecutive negative quarter and remains capped below the 1,700–1,750 resistance zone, reinforcing fragile risk appetite. XRP shows deteriorating positioning via two days of spot ETF net outflows and deeply negative MVRV readings, while PI's Pi2Day feature releases failed to support price and coincided with an all-time low.
Impact level
● Medium
Affected assets
ETH/USDT+2.18%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Pi Network rolled out three new tools on June 28 during Pi2Day—SoloHost, Pi Sign-in, and PiVerify—aimed at expanding into AI and digital identity, but PI did not rally and instead slid to about $0.11 before trading at $0.118. XRP has fallen 11% over the past month to around $1.10, while spot XRP ETFs logged two straight sessions of net outflows and MVRV readings dropped to -45% and -47%, according to CoinGecko. ETH posted a second-quarter loss for a third consecutive quarter and is trading near $1,720 after failing to clear the $1,700–$1,750 resistance zone. Together, the three assets are showing short-term weakness.
