PI, the Pi Network’s original crypto asset, surged more than 30% to $0.29 as market participants awaited its first trade on Kraken, one of the largest US crypto exchanges.
The rally pushed PI’s market cap to $2.7 billion, pushing it ahead of established altcoins such as UNI Uniswap, TAO Bittensor and Polkadot DOT, according to CoinMarketCap.
The token rose from around $0.22 on Thursday after Kraken first revealed the listing and extended gains after the launch time was confirmed.
Volume increased as the price of PI rose, increasing more than 130% to $144 million in the last 24 hours. The token is now among the top five winners of the day with TRUMP, RIVE, NIGHT and FET.
Kraken has confirmed that trading will begin on March 13th at 15:00 UTC and deposits are already active and the platform is now in post-only mode.
Coming soon: $PI@PiCoreTeam The Pi Network is a Layer-1 mobile blockchain and development platform that enables smartphone-based cryptographic mining with a communal ecosystem on an identity-verified mainnet.
The trade will start on March 13
Get ready → https://t.co/47fNCUnRqD pic.twitter.com/nPmrRElAPW
— Kraken Listings (@krakenlistings) March 12, 2026
Pi Network, launched in 2019 by Stanford graduates Dr. Nicholas Kokkalis and Dr. Chengdiao Fan, allows users to mine crypto on mobile devices and PCs using a user-friendly and cost-effective consensus model based on the Stellar Consensus Protocol.
The platform introduces four key user roles, including pioneers, contributors, ambassadors, and nodes, which allow participants to collectively confirm transactions and earn Pi tokens daily.
According to the project’s official paper, the Pi Network aims to create a fair and accessible crypto ecosystem. Its token is designed to reward early contributors and maintain wide distribution through mining, referrals, and developer incentives.
The network prioritizes decentralization, trust, and meritocratic distribution of rewards, while keeping transaction fees voluntary and fair. Pi wants to expand beyond existing blockchain networks while maintaining fast and secure transactions.
Commenting on Kraken’s listing, Kokkalis expressed gratitude for the strong support and excitement surrounding the project.
He said he will continue to share updates, research, and market analysis through his timeline to keep followers informed of progress in the Pi ecosystem and crypto developments.
🚨 Pi Network Community Update
After the Kraken listing was announced, my inbox was completely flooded with DMs from the community. 🙏
I really appreciate the incredible support and enthusiasm around the Pi Network. The energy of the community right now is amazing! 🔥 However, due to… pic.twitter.com/gPJToGoy6z
— Dr. Nicholas Kokkalis (@drnicolas_) March 12, 2026
