Pi Network (PI) News Today: December 2

“PI is gearing up for something big. Stay tuned and position yourself,” one X user speculated.

While the project’s native token remains in green territory on a two-week scale, certain indicators suggest it may be gearing up for a short-term correction.

The latest effort and more

In late November, the Pi Network team partnered with CiDi Games (a gaming platform that builds Pi-integrated games for millions of pioneers to use). The partnership aims to broaden the use cases of the PI token while unlocking new possibilities for users.

Additionally, Pi Network Ventures (the entity’s investment arm) supported CiDi games. The crypto project has supported the gaming sector in recent months through initiatives such as hackathons, app incubation programs and monetization through the Pi Ad Network. It also released FruityPi, a mobile game designed to give users an easy way to engage with the ecosystem while earning rewards.

According to X user Pi Network Academy, the Core Team could introduce another “major” update before Christmas.

“It could be related to the V23 Protocol Upgrades and the highly anticipated PiDex launch! PI is gearing up for something big. Stay tuned and position yourself,” the speculation reads reads.

Price outlook

The partnership with CiDi Games had a positive effect on PI, and despite the decline in recent days, the price has increased by about 3% on a two-week scale. This contrasts with the performance of many leading cryptocurrencies, which are well into the red within that time frame. For example, Bitcoin (BTC) is down 4%, while Ethereum (ETH) is down 8%.

At the time of writing, PI has a market capitalization of just under $2 billion, making it the 60th largest digital asset. However, despite its minor resurgence, the token remains a far cry from its glory days from earlier in 2025.

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At the time, the price reached an all-time high of $3, while the capitalization exploded to around $13.5 billion.

What do the indicators indicate?

More than 185 million PI tokens are scheduled for release in the next 30 days, which can be interpreted as a bearish signal. After all, the development will give some investors the opportunity to sell assets they have been waiting for for a while. The record day is December 6, when 7.2 million tokens will be released.

The shift to stock markets could also mean bad news for the bulls. Nearly 2.5 million tokens have been moved from self-management to centralized platforms in the past 24 hours, a move often considered a pre-sale step. Of the 428.6 million coins held on exchanges, Gate.io holds the majority share.