Pi Network’s support going live on Kraken could be the make-or-break moment the Pioneers had been dreaming of.
Pi Coin (PI) is deeply embarked in the ongoing red light therapy that’s crunched the global crypto’s market capitalization below $2.4 trillion. The mobile mining network’s native token tumbled to a new all-time low at $0.13 earlier today, but rebounded to $0.15 as Bitcoin (BTC) reclaimed $69K.
For Pi Coin, the hopes of a double-digit rebound come full circle along with the speculated listing of Pi Network (PI) on Kraken, the third largest crypto exchange across the globe.
These talks have merit as Kraken recently added Pi to their roadmap for 2026, qualifying for the section that reads “integration of new blockchains and listing of the native token for trading.”
Kraken Roadmap Mention Sparks Pioneer Excitement
This comes half a year after kraken introduced Pi Coin trades on their Futures services, enabling Pi trading with up to 20x leverage. However, Kraken wasn’t in no rush to list Pi Coin on Spot markets, along with other major exchanges like Binance & KuCoin. Some major exchanges like MEXC & OKX chose to list Pi Coin early, but that didn’t help the massive pullback.
After nailing the $2.99 all-time high just a week into launching the mainnet, Pi Coin’s yearly trading performance was subpar to say the least, hitting new local bottoms on multiple time-frames constantly. This has pushed Pi’s mining rate to unprecedented levels, but some Pioneers remained stuck in KYC issues, resulting in slower mainnet migration progress.
Now, with the hopes of a Kraken listing back up, Pi Network (PI) needs a deeper on-demand liquidity as many whales have pulled out, pushing Pi out of TOP 50 by global market cap. At $1.33 billion, Pi’s still among the major-cap list, but the trading volume not exceeding $33 million on Spot paints a picture of waning speculative interest & overall trading demand.
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