Kraken Announces Pi Network Listing Ahead of Pi Day PI Price Moves
The post Kraken Announces Pi Network Listing Ahead of Pi Day PI Price Moves appeared first on Coinpedia Fintech News
Kraken, one of the largest crypto exchanges with more than 13 million active users, has announced plans to list the PI Network native Pi token on March 13. Meanwhile, the move comes just two days before the community’s annual Pi Day on March 14.
Following the announcement, PI coin price rose about 2% within one hour, trading around $0.23.
Kraken Announces PI Token Listing
In a recent tweet post, Kraken Listing announced plans to list the PI token on March 13.
Tap-to-Earn Pi Network is a digital currency project that allows users to mine coins using a free mobile app. Unlike Bitcoin, it does not require heavy computers or large amounts of electricity. Instead, users can mine tokens directly from their smartphones with a simple daily tap.
The upcoming listing will add Kraken to the group of exchanges already offering PI trading. The token is currently available on platforms including OKX, Bitget, HTX, and BitMart.
However, PI has not yet been listed on some of the largest global exchanges, such as Binance and Coinbase.
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Pi Day Hype Builds in the Community
The listing announcement arrives just two days before Pi Day on March 14, an annual milestone for the community.
This date has often created strong excitement in the Pi Network community and has historically led to increased trading activity around the token.
Meanwhile, this year, network protocol upgrades are expected to finish by March 12, and new DeFi tools may also launch.
PI Coin Price Rises After Listing News
Even though the Pi Coin price moved up after the listing news, Pi Coin is still about 85% below its all-time high of $2.34.
According to crypto market observer Dr. Altcoin, PI has been trending higher during the past week and is approaching a $0.24 resistance level.
If the token moves above that level, traders say it could trigger an additional price rally towards $0.50 as the Pi Day event approaches.
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FAQs
Kraken plans to list the Pi Network PI token on March 13. The announcement came just days before Pi Day, a major annual event for the Pi community.
Pi Coin is currently listed on several exchanges, including OKX, Bitget, HTX, and BitMart. Kraken’s listing will add another major trading platform.
No, Pi Coin has not yet been listed on Binance or Coinbase. Many investors are watching closely to see if these major exchanges support PI in the future.
Traders say a break above the $0.24 resistance level could trigger a rally toward $0.50. Market sentiment and Pi Day excitement may influence short-term price moves.
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