Pi Network’s PI rises over 30% as Kraken listing elevates it to top altcoins
PI, the Pi Network’s native crypto asset, rose more than 30% to $0.29 as market participants awaited its first trade on Kraken, one of the largest US crypto exchanges.
The rally boosted PI’s market capitalization to $2.7 billion, pushing it ahead of established altcoins such as Uniswap’s UNI, Bittensor’s TAO, and Polkadot’s DOT, according to CoinMarketCap data.
The token rose from around $0.22 on Thursday after Kraken first disclosed the listing and increased its profits when the launch time was confirmed.
Volume increased as the price of PI rose, rising more than 130% in the past 24 hours to $144 million. The token is now among the top five gainers of the day with TRUMP, RIVE, NIGHT, and FET.
Kraken has confirmed that trading will begin on March 13 at 15:00 UTC, with deposits already open and the platform operating in send-only mode.
Coming soon: $PI@PiCoreTeam Pi Network is a mobile-first Layer-1 blockchain and developer platform that enables access to crypto mining via smartphone, with a service-based ecosystem on a proprietary mainnet.
Trading begins on March 13
Get ready → pic.twitter.com/nPmrRElAPW
– Kraken Listings (@krakenlistings) March 12, 2026
Launched in 2019 by Stanford graduates, Drs. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Network enables users to mine crypto on mobile devices and personal computers using an easy-to-use, energy-efficient consensus model based on the Stellar Consensus Protocol.
The platform introduces four key user roles, including Pioneers, Contributors, Ambassadors, and Nodes, allowing participants to collectively verify sales and earn Pi tokens on a daily basis.
According to the project’s white paper, the Pi Network aims to create a fair and accessible crypto ecosystem. Its tokenomics are designed to reward early contributors while maintaining broad distribution through mining, referrals, and developer incentives.
The network prioritizes differentiation, trust, and fair distribution of rewards while keeping transaction fees selective and fair. Pi seeks to surpass existing blockchain networks while maintaining the ultimate in fast and secure transactions.
Commenting on the Kraken lineup, 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 fans informed of progress within the Pi ecosystem and crypto developments.
🚨 Pi Network Community Update
Since the announcement of the Kraken list, my inbox has been flooded with DMs from the community. 🙏
I really appreciate the amazing support and enthusiasm for Pi Network. The power of the community right now is amazing! 🔥 However, because… pic.twitter.com/gPJToGoy6z
— Dr. Nicolas Kokkalis (@drnicolas_) March 12, 2026
