Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Pi rallies more than 30% after Kraken announ
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Pi rallies more than 30% after Kraken announ
Pi rallies more than 30% after Kraken announces listing
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Pi rallies more than 30% after Kraken announces listing
Bybit previously declined to list the mobile crypto mining platform, with CEO Ben Zhou citing warnings from Chinese police that the project is a scam.
By Sam Reynolds|Edited by Omkar Godbole
Mar 13, 2026, 4:51 a.m.
Make us preferred on Google
What to know:
- Pi Network’s PI token jumped about 30% during Asia’s morning trading after Kraken said it would list the cryptocurrency.
- The mobile-first project, which uses a phone-based trust graph instead of traditional mining, launched its externally connected mainnet in February 2025 with roughly 19 million KYC-verified users and 10 million migrated accounts.
- The token is already listed on OKX, Gate and Bitget, even as Bybit’s chief executive has refused to list it and labeled the project a scam, citing a 2023 warning from Chinese police.
Pi Network’s PI token led the market higher on Friday, according to CoinGecko data, rising 30% during Asia's morning hours, after crypto exchange Kraken said it would list the asset.
Pi Network is a mobile-first cryptocurrency project that replaces traditional proof-of-work mining with a phone-based trust graph, where users tap a mobile app daily to “mine” tokens and form identity-verified security circles that feed into a consensus system derived from the Stellar protocol.
The project launched its externally connected mainnet in February 2025 after operating for years in a closed ecosystem, saying it had about 19 million KYC-verified users and roughly 10 million accounts migrated to the chain.
Pi Network is currently listed on OKX, Gate, and Bitget, as well as some smaller exchanges.
In February 2025, Bybit CEO Ben Zhou publicly refused to list Pi Network’s token and called the project a scam, citing a 2023 warning from Chinese police alleging that Pi Network targeted elderly users, collected personal information, and caused some victims to lose pension savings.
BybitKraken
More For You
XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend
Volume surged more than 300% during the move, per CoinDesk analytics data, with traders watching whether the token can hold the former resistance as support.
What to know:
- XRP broke above a months-long descending trendline and the $1.39 resistance zone, with a surge in trading volume signaling renewed bullish momentum.
- The move came despite about $3.9 million in outflows from U.S.-listed XRP ETFs, while activity on the XRP Ledger climbed to roughly 2.7 million daily transactions, aided by real-world-asset tokenization projects.
- Traders are watching whether XRP can hold the $1.39–$1.40 area as new support, which could pave the way toward $1.44 and $1.50, while a breakdown may send prices back toward the $1.34–$1.37 support band.
Read full story
Latest Crypto News
XRP jumps 3% as breakout above $1.39 ends early-2026 downtrend
Bitcoin above $71,000, ETH, SOL, ADA zoom higher as cryptos shrugs off stock weakness
Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears
Stricter MiCA rules could thin crypto industry across the EU, says Swiss wealth manager
Crypto investor turns $50 million into $36,000 in one botched move
SEC's advisory group backs tokenized securities push, outlines how to keep it safe
Top Stories
Donald Trump to hold another Mar-a-Lago lunch for his token holders
U.S. Senate votes to ban CBDCs in housing bill that may face trouble in the House
Vitalik Buterin says Ethereum should be used as a simple digital bulletin board
Cathie Wood's Ark Invest says quantum computing is a long-term risk for bitcoin, not an imminent threat
BlackRock debuts staked ether ETF as demand grows for yield in crypto funds
Tether invests in Ark Labs to make Bitcoin ready for stablecoins and payments
Market Opportunity
Pi Network Price(PI)
$0.29318
$0.29318$0.29318
USD
Pi Network (PI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight
The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…
Share
BitcoinEthereumNews2025/09/18 01:33
Philippines jobless rate jumps to over three-year high of 5.8% in January
By Erika Mae P. Sinaking, Reporter The Philippines’ unemployment rate climbed to 5.8% in January 2026, marking its highest level in more than three years, as the
Share
Bworldonline2026/03/13 14:34
Supply Shock Sparks Unprecedented Price Strength Through 2025 – Commerzbank Analysis
The post Supply Shock Sparks Unprecedented Price Strength Through 2025 – Commerzbank Analysis appeared on BitcoinEthereumNews.com. Brent Crude: Supply Shock Sparks
Share
BitcoinEthereumNews2026/03/13 14:55