Pi Network has an urgent $43M token unlock in December and MiCA compliance and CiDi Games partnership to stabilize price under bearish pressure.
This December, Pi Network faces its biggest token unlock of 190 million coins. The token has fallen by 7% in the near term, but has support of more than 0.223. MiCA compliance and gaming utility expansion through CiDi Games could counter selling pressure from the unlock event.
Pi Network approaches December with unprecedented supply pressure. The blockchain project will unlock 190 million tokens that have a value of about 43 million dollars. This will be the biggest supply event up to 2027.
The token has recently declined nearly 10 percent as part of a broader crash in the market. Pi rebounded to seek support at important levels. Traders are now observing whether the price will be able to support over $0.223.
As stated by @fen_leng on X, the December unlock goes beyond supply issues. As MiCA compliance lays the groundwork for EU footing and gaming utility through CiDi Games, the emphasis is on long-term value. The X account highlights that ecosystem maturity is more important than token release.
Source: @fen_leng on X
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Technical indicators indicate exhaustion, although there have been recent losses. Cryptopi tweeted that Pi performs better than major cryptocurrencies each month. PI is at negative 8.7, and Bitcoin and Ethereum are at significant losses.
Source: Cryptopi tweeted that Pi
The short-term pressure was catalyzed by the bearish EMA12 hours crossover. But there are two important trends under the water. The divergence is hidden on the RSI indicator. The price shifts down, and RSI has fewer highs.
Chaikin money flow is above zero. The indicator rises another notch. An upward break beyond the falling trendline may verify the restoration of buying power. Pi requires a clean daily close of more than 0.238. The support should be at $0.223 to facilitate recovery to 0.255-0.284.
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Following MiCA compliance, Pi Network placed its token on potential listings at regulated European exchanges. The new whitepaper provides rigorous KYC mandates and audits. Pi prioritizes utility-only token status.
MiCA is the overall framework of crypto assets in the EU. There was no fundraising by the project, and any PI trading is done on secondary markets. Host member states are Germany, France, and Italy.
The achievement of compliance may provide entry to OKX Europe and other licensed platforms. An increase in liquidity can be achieved after market admission approvals are made. One giant whale has now over 900,000 tokens valued at about $85 million, amassed this week.
Pi Network announced that it has made a strategic investment in CiDi Games. The collaboration broadens the practical use of Pi and facilitates gaming within the ecosystem. CiDi will incorporate Pi to make payments and rewards on a variety of titles.
The collaboration provides new avenues of daily interactions. The gaming industry has a sufficient market and can flourish in the global social network of Pi. Verified users in the tens of millions provide immediate reach.
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