Kraken’s decision to list Pi sent the token surging more than 30% during Asian trading hours on Friday, thrusting the project back into the spotlight just ahead of Pi Day on March 14.
Kraken listing sparks big short-term move
In an X post, Kraken said Pi trading would begin on March 13. That announcement — coming one day before the annually observed Pi Day — helped trigger a rapid rally: Pi climbed from about $0.2255 a day earlier to as high as roughly $0.2958, an intraday gain of just over 31%. Trading volume also picked up as traders chased the news, pushing Pi near the top of the day’s gainers.
Broader exchange access, but not unanimous
Kraken’s addition expands access to Pi beyond exchanges that added the token after the Open Network opened, such as OKX, Gate, and Bitget. Listings on established venues matter for a project that spent years building attention inside a closed ecosystem before enabling external trading and transfers.
Background: Open Network launch and user numbers
Pi moved into its Open Network phase on February 20, 2025, removing the external firewall around its mainnet. Ahead of that shift the project reported more than 19 million identity-verified users and over 10 million migrated mainnet accounts — figures the team cites to support its scale claims. Pi positions itself as a mobile-first network based on trust graphs and security circles rather than proof-of-work mining.
Legitimacy questions persist after Bybit snub
Despite the Kraken listing, questions about Pi’s legitimacy remain unresolved. In February 2025, Bybit CEO Ben Zhou said his exchange would not list Pi, referencing a 2023 police warning from China that he said described the project as a scam targeting elderly users. Pi replied that the warning related to bad actors falsely claiming ties to Pi Network and stressed it had no relationship with Bybit or Zhou.
What traders will watch next
Kraken’s listing created a fresh liquidity event and an immediate price repricing; the important test now is whether trading volume and price support hold once the initial excitement fades. For the moment, the listing widened access, lifted Pi’s price and put the token back in focus at one of the most closely watched moments on its calendar.
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