Why hasn't the price of Pi Network changed even after Pi2Day was widely announced?

On June 28, the annual Pi2Day event marked the 5th anniversary of Pi Network with what are said to be the largest announcements since the project's inception. However, contrary to expectations for a strong bullish rally, the price of Pi Network remains around 0.53 USD, which is 68% lower than the short term peak of 1.66 USD in May. Data from Crypto.news even shows that this token decreased by 20% during the Pi2Day weekend, despite a surge in social media discussions. New Tool Launch: Not Enough Immediate Impact In the keynote speech at Pi2Day, the Pi Core Team introduced two outstanding features: Pi App Studio: A decentralized application generator (dApp) that requires no coding, using Gen-AI technology to turn language prompts into complete products. Ecosystem Directory Staking: A new mechanism that allows users to stake PI to "vote" their favorite dApps into prominent positions in the Pi Browser. These two tools aim to address the "application discovery" issue, which is a major bottleneck in the Pi ecosystem, but in reality, the price of PI has not reacted positively. The subdued response indicates that the market remains skeptical about the feasibility and actual impact of these features. Why Isn't the Price Rising? The "Sell the News" Reaction and Structural Barriers Coinspeaker's chart shows a short term sell-off, suggesting that investors have "bought the rumor, sold the news". As the updates were officially announced, demand weakened rapidly. In addition, two major barriers still exist: No official trading list yet: Pi Network is still limited to unofficial exchanges (IOU), and there is no gateway to convert the balance into actual liquidity. Concerns about the token unlock schedule and centralization: Future token distribution rounds are still unclear, raising concerns about the risk of centralization and internal dumping. Directory Staking: How to Promote DApp Through Community Trust The Ecosystem Directory Staking is an exciting innovation that allows projects to be "voted to the top" through staking, instead of paying for advertising. Users who place their trust in a dApp will demonstrate this by locking PI, creating a transparent, on-chain promotion system. However, the lack of liquidity and participants has prevented this system from achieving its maximum effectiveness. The PI price chart is still being blocked by a technical resistance level at 0.60 USD. Pi App Studio: Accelerating DApp Development but Not Attractive Enough for Investors The Pi App Studio tool promises to shorten dApp development time by up to 70%, leveraging artificial intelligence to create interfaces and smart contracts automatically. With direct integration in the Pi Browser, any application can reach 60 million KYC users with just a few clicks. However, investors remain cautious: they want to see real usage numbers, actual revenue, and real transactions, rather than just theoretical expectations. The Macro Market Does Not Support Mid-cap altcoins are still in a sideways trading phase, despite BTC holding above 107,000 USD and ETH maintaining above 2,400 USD. In this context, the market's default reaction is "show me the listing first." Additionally, options trading desks are recording declining implied volatility, indicating a wait-and-see mentality rather than expecting a strong rally soon. Potential Catalysts: Year-End Hopes Although the current price of PI has not yet reflected the new announcement, some notable catalysts could change the situation: Onramper Integration: Launched this week, allowing KYC users to deposit fiat directly into PI, significantly reducing the barrier to entry. Tier-1 exchange listing rumors in Q4: If true, this could be a major turning point, eliminating the "walled garden" barrier that Pi Network is facing. If these factors combine with a genuinely developed staking ecosystem, a price bounce up to 0.90 USD is entirely feasible. But until then, Pi Network is still valued by the IOU market, which is more dependent on expectations than actual performance. Conclusion: Technology Runs Ahead, Bull Market Follows Pi Network is showing a rapidly developing team, continuously innovating, from AI Builder to the community-weighted dApp promotion model. However, the market is operating slowly, requiring liquidity proof, organic trading, and a clear unlocking schedule. ✅ For developers: This is the time to leverage the toolkit to develop real dApps. ⚠️ For investors: Be patient, as the valuation of PI will only truly reflect its potential when the utility is accompanied by real cash flow and confirmation from the larger market. "Words are gold, but in the digital asset market, liquidity and trust are the real gold."