After six years of mobile mining, a bruising 95% crash from its all-time high, and weeks of speculation, Pi Network is officially trading on Kraken today. For a community that has waited longer than almost any other in crypto, the day has arrived.
Kraken wrote, “@PiCoreTeam is a Layer-1 ecosystem of Pi apps and utilities where users mine PI from their phones, with developer tools for building useful Web3 applications and deploying them to tens of millions of Pi users globally.”
PI is changing hands at around $0.27 at the time of writing, up over 8% in the past 24 hours. The market cap sits at $2.6 billion, with just over 9 billion tokens currently in circulation out of a hard-capped maximum supply of 100 billion. Daily volume is running high and climbing as Kraken’s order books open to US traders for the first time.
Every exchange that listed PI before today operated outside the United States. Kraken is different. It is one of the most trusted regulated crypto platforms in the country, connected to the US banking system, and used by millions of American investors who simply had no compliant way to access PI before now.
That is the real significance of today. It is not just another listing. It is the first time PI becomes genuinely accessible to the world’s largest retail investment market, with the regulatory credibility to back it up.
The level to hold is $0.20. A clean break and hold above it opens the path toward $0.25 to $0.35 in the near term. Analysts have flagged $0.50 to $0.75 as possible targets if Pi Day announcements on March 14 deliver meaningful ecosystem news around the DEX and AMM launch.
On the downside, $0.175, the 24-hour low, is the immediate support to watch. A drop back below it would signal that selling pressure from long-term miners is outweighing new Kraken demand.
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