Pi Network Testnet 25 Activation… Mainnet Upgrade Vote Scheduled for January 22, Demonstrating Technical Strength
Pi Network successfully activated Testnet 25 on January 7, 2026, and integrated Rust-based smart contracts. This move is viewed as preparation before the mainnet upgrade vote scheduled for January 22, aimed at validating the performance of the network’s core infrastructure.
Meanwhile, Pi Network launched an official in-app news feed to provide users with verified information. This initiative aims to improve community information accessibility and reduce uncertainty, garnering significant attention.
Current Market Price and Investment Sentiment
As of January 7, 2026, Pi’s market price was approximately $0.2107, with trading ranging between $0.2099 and $0.2121 considering recent volatility. The Fear and Greed Index stood at 42, indicating a “fear” state; the Relative Strength Index (RSI) was 52.92, remaining near the neutral line.
Regarding short-term price movements, some analysts suggest a possible decline to $0.1581 before February 6, representing approximately a 25.07% drop. The 30-day volatility rate was 2.49%, with rising days comprising only 47% of the statistical period, indicating overall cautious investment sentiment.
Ecosystem Status and Centralization Concerns
To date, 16.8 million users have migrated to the mainnet, with 17.5 million accounts passing KYC verification. Over 215 applications developed through hackathons are currently operational. Pi Network recently combined AI technology to reduce the KYC approval cycle to 3-14 days, aiming to improve user experience.
However, concerns about its centralized structure persist. Currently, the operating network has only 28 nodes and 3 validators, with reports indicating that the Pi Foundation holds approximately 90% of total token supply. Notably, approximately 1.2 billion PI tokens are expected to unlock in 2026, increasing the risk of token dilution from supply expansion. Previously, approximately 134 million PI were estimated to unlock as scheduled.
2026 Project Roadmap
Pi’s main schedule this year includes: Testnet 25 operations, mainnet upgrade vote on January 22, Linux-based node release, and Protocol 23 introduction. The upgrade is expected to enable fast and secure decentralized transaction processing.
Additionally, plans include establishing the PiDAO governance system, developing compliance plans in accordance with European MiCA regulations, and conducting periodic technical and economic monitoring of the entire ecosystem. However, some community members have criticized progress delays and unclear roadmap details, raising questions about project credibility.
Price Outlook and On-chain Fund Flow
Price forecasts remain divided. Short-term, the price is expected to test support levels in the $0.15-0.20 range; medium-term, if the major resistance level of $0.2482 is breached, the price may trade within a $0.15-0.30 box pattern.
On-chain data recently captured abnormal volume increases, interpreted as signals of increased activity by large holder accounts. Such activities may be accompanied by sharp price volatility in the short term, requiring investors to remain vigilant.
Conclusion
The mainnet upgrade vote on January 22 appears to be an important watershed for measuring Pi Network’s technical maturity and community participation. Continuous technical updates, AI integration, and governance system improvements will lay the foundation for long-term growth; however, issues of decentralization, token unlocks, and insufficient community communication remain investor concerns.
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