Pi Activation Testnet 25…Mainnet Upgrade Vote Imminent on January 22, Showcasing Technical Strength

Pi Network successfully activated Testnet 25 on January 7, 2026, and integrated Rust-based smart contracts. This move is viewed as a foundation laid before the upcoming mainnet upgrade vote scheduled for January 22, aimed at verifying network core infrastructure performance.

Meanwhile, Pi Network launched an official in-app news feed to provide users with verified information. This initiative aims to improve information accessibility for the community and reduce uncertainty, garnering significant attention.

Current Market Price and Investment Sentiment

As of January 7, 2026, Pi’s market price is approximately $0.2107, with trading range between $0.2099 and $0.2121 considering recent volatility. The Fear & Greed Index stands at 42, in “fear” state; the Relative Strength Index at 52.92, remaining near the neutral line.

Regarding short-term price trajectory, some analysts suggest a possible decline to $0.1581 before February 6, representing approximately 25.07% decline. Recent 30-day volatility is 2.49%, with upside days accounting for only 47% of the statistical period, overall investment sentiment leaning cautious.

Ecosystem Status and Centralization Concerns

To date, 15.8 million users have migrated to the mainnet, with KYC-verified accounts reaching 17.5 million. Over 215 applications developed through hackathons are currently operational. Pi Network recently combined AI technology to shorten KYC approval cycles to 3-14 days, aiming to improve user experience.

However, concerns about its centralized structure persist. Currently only 28 network nodes are operational, with merely 3 validators, and the Pi Foundation reportedly holds approximately 90% of total token supply. Particularly, approximately 1.2 billion PI tokens are expected to unlock in 2026, increasing token dilution risks from supply expansion. Previously, approximately 134 million PI were estimated to unlock as scheduled.

2026 Project Roadmap

Pi’s main schedule for this year includes: Testnet 25 operation, mainnet upgrade vote on January 22, Linux-based node release, introduction of Protocol 23, etc. This upgrade is expected to achieve fast, secure decentralized transaction processing.

Additionally, plans include establishing PiDAO governance system, developing compliance strategies according to European MiCA regulations, and conducting regular technical and economic monitoring of the entire ecosystem. However, some community members criticized progress delays and unclear roadmap contents, raising questions about project credibility.

Price Outlook and On-chain Capital Flow

Price outlook remains divided. Short-term is expected to test support levels in the $0.15-0.20 range; medium-term, if breaking through the key resistance at $0.2482, could operate within a $0.15-0.30 consolidation zone.

On-chain data shows recently captured abnormal trading volume surge, interpreted as a signal of increased large holder account activity. Such activities may be accompanied by sharp price volatility in the short term, requiring investors to remain vigilant.

Conclusion

The mainnet upgrade vote scheduled for January 22 appears to be an important watershed for measuring Pi’s technical maturity and community participation. Continuous technical updates, AI integration, and governance system improvements will lay foundation for long-term growth, but decentralization degree, token unlocks, and insufficient community communication remain investor concerns.

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