Skip to main content
See every side of every news story
Published loading...Updated

PI Rallies 30% On Kraken Listing Before Pi Day: What Is Going On?

Kraken's listing ahead of Pi Day broadened PI token access to retail and institutional traders, sparking a 30% price rally after a prior 70% crash, with 19 million verified users.

  • Kraken announced it will list Pi Network's token on Friday, triggering a surge of about 30% during Asia's morning trading as PI became available on a major U.S.-regulated exchange.
  • The mobile-first project replaces traditional mining with a phone-based trust graph derived from the Stellar protocol, launching its externally connected mainnet in February 2025 with roughly 19 million KYC-verified Users.
  • While the token already trades on OKX, Gate, and Bitget, Kraken's entry expands access to mainstream retail and institutional Traders, helping Price push into the $0.28-$0.30 zone.
  • Despite this growth, Bybit CEO Ben Zhou has refused to list the token, labeling the project a "scam" and citing a 2023 Chinese police warning about risks to elderly Users.
  • The token previously crashed 70% from highs near $0.45 down to $0.12 by late February, yet Price action shows recovery, nearly doubling from those lows in just two weeks.
Insights by Ground AI

21 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

CryptoPotato broke the news in on Thursday, March 12, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal