Pi Network is expanding its presence in the Web3 gaming space through a new partnership with CiDi Games. The goal is to increase the practical application of Pi Coin ahead of its first legal trading in the European Union (EU).
However, despite this strategic move and recent legal developments, the amount of Pi Coin held on exchanges continues to increase, indicating that selling pressure in the market is still very high.
Pi Network's GameFi gamble is being pushed, but why is the balance on the exchange skyrocketing?
The partnership, announced on November 26, 2025, makes CiDi Games a core developer in the Pi ecosystem. According to Pi Network, the partnership:
By combining Pi's global influence with CiDi's development capabilities, the two parties aim to make Pi the center of the Web3 gaming ecosystem.
CiDi Games is building a series of games integrated with Pi, including a lightweight HTML5 game platform, expected to be tested in Q1/2026.
The company is also developing APIs and infrastructure to make it easier for third-party game studios to integrate with Pi, mirroring the model used by major existing blockchain game platforms.
Pi Network Ventures, the project’s investment arm, has taken a stake in CiDi, signaling internal confidence in the partner, despite CiDi having little public information. CiDi’s website is mostly logo-only, raising questions about transparency.
Still, Pi sees gaming as a “natural fit” with its social, interactive, crypto-fueled community. Analysts say the strategy seems realistic, as entertainment games often drive transaction growth in growing blockchain ecosystems.
Coming soon to Europe
The GameFi push comes as Pi Network moves closer to officially entering the European market. In October, the project released a white paper that complies with the MiCA regulatory framework. This meets the regulatory requirements before Pi can be traded on Malta-licensed exchanges such as OKX and OKCoin, starting November 28.
This 27-page document:
Outlines security standards, consumer protection and compliance procedures in the EU
Confirmed that Pi is not issued through ICO but is mined by the community
The news sent Pi’s price up 10%, cementing its transition from a closed mobile Mining platform to a regulated digital asset. Pi already has a presence in the institutional market through its Swedish-listed Valour Pi ETP.
The high Pi balance on the exchange is threatening the growth rate of the ecosystem
However, despite the positive signals, the supply problem remains a major challenge. As of November 27, the amount of Pi on exchanges has reached 430.8 million Pi, equivalent to about 109 million USD at current prices.
Gate.io is holding the largest amount with 228 million Pi, followed by Bitget and MEXC. Net inflows to the exchange have increased by more than 631,200 Pi in the past 24 hours alone, indicating that more and more people are preparing to sell.
This surge in supply coincides with Pi’s busy Token Lockup schedule. November alone unlocked 145 million Pi, and December is expected to unlock another 173 million Pi — the largest monthly total until the end of 2027.
Meanwhile, daily volume remains quite low, at just around $30 million. Pi Core Team wallets, which currently hold over 71 billion Token, have not made any significant movements and do not appear to be the source of selling pressure.
However, with only about 3 billion Pi in actual circulation, the rapidly increasing exchange balance is continuing to put downward pressure on the coin's price.
Whether GameFi and EU market access can absorb all this supply remains a question mark, even as Pi Network's ecosystem is growing at a faster pace.
