GameFi Push Ignites Pi Network Hype, So What’s Behind the Rising Sell Wall?

Pi Network is deepening its Web3 presence by partnering with CiDi Games to integrate Pi Coin into gaming, aiming to boost real-world utility ahead of its first regulated trading debut in the EU, following the publication of a MiCA-compliant white paper. Despite this strategic move and recent price increases, exchange balances of Pi coin are climbing significantly, reaching 430.8 million tokens, suggesting persistent sell pressure. This supply surge coincides with aggressive token unlocks, with December set to release 173 million Pi. While Pi Network Ventures took an equity stake in CiDi, questions remain about the developer's limited public track record. The core challenge is whether the adoption driven by GameFi and EU market access can absorb the increasing sell-side liquidity represented by the rising exchange holdings.

(Source：BeInCrypto)