Pi Network News Today: Community Vote Launch Triggers App Overload and Pi Coin Price Spike

The post Pi Network News Today: Community Vote Launch Triggers App Overload and Pi Coin Price Spike appeared first on Coinpedia Fintech News

On January 22, 2026, Pi Network launched its first mainnet community vote, allowing Pioneers to take part in key network decisions. As soon as voting went live, millions of users logged in at the same time, causing temporary app slowdowns and frustrating many users.

Despite it, Pi network native token saw 2.5% spike in price after staying quiet for a long period. 

App Traffic Surge Causes Waiting Queues

Pi Network began a seven-day mainnet community governance vote, focusing on upgrades like Version 23 (v23) for faster speed, better security, and on-chain KYC. As voting opened, over 15.8 million verified users tried to access the Pi App & Wallet at the same time, causing temporary overloads.

Many users saw a waiting message asking them to be patient. Pi Network said the delay was due to heavy traffic and confirmed that access would return without needing to reinstall the app.

While some users showed frustration online, many others saw the queues as a positive sign of strong community participation.

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This vote marks a major step in Pi Network’s move toward decentralized governance. Instead of decisions being made by a small group, verified community members now have a direct voice in important network upgrades.

Pi Coin Price Sees Small Surge 

Following Governance Vote Day, Pi Network’s native token, Pi Coin, saw a modest 2.5% price increase over the past 24 hours. The token is currently trading around $0.186, with a market capitalization close to $1.55 billion.

Despite the short-term rise, Pi Coin remains nearly 90% below its all-time high of $2.34. 

Some Pi community member states that while price action remains weak overall, growing user engagement and governance participation could support longer-term confidence.

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FAQs

How many users participated in the Pi Network governance vote?

Over 15.8 million verified Pioneers attempted to access the app and wallet when voting opened, showing strong community participation.

Did the Pi governance vote affect Pi Coin’s price?

Yes. Pi Coin rose about 2.5% in 24 hours after the vote launched, ending a long period of low price movement.

Does the Pi Network vote mean the project is fully decentralized now?

It’s a major step, but not the final one. Community voting expands user control while Pi continues rolling out governance features.