
Kraken’s planned PI listing coincided with a sharp price jump, while Pi Network’s February 2025 mainnet launch and user metrics drew renewed attention alongside ongoing controversy over the project.
Pi Network’s PI token rose about 30% during Asia morning trading after Kraken said it would list the cryptocurrency on March 13. The mobile-first project, which uses a phone-based trust graph rather than traditional mining, launched its externally connected mainnet in February 2025 and said it had about 19 million KYC-verified users and roughly 10 million migrated accounts. PI is already listed on exchanges including OKX, Gate and Bitget. The token’s trading momentum came as criticism of the project remained in focus, with Bybit CEO Ben Zhou previously refusing to list PI and calling it a scam while citing a 2023 warning from Chinese police.