Pi Network’s PI Token Surges Over 30% Following Kraken Listing Announcement
- The PI token rose by approximately 30% during Asia’s morning hours on Friday.
- Kraken announced it would list the asset, contributing to the price surge.
- Pi Network launched its mainnet in February, claiming about 19 million KYC-verified users.
- Approximately ten million accounts have migrated to the chain from its closed ecosystem.
- Pi Network is also listed on exchanges like OKX, Gate, and Bitget.
The surge in PI token value highlights the impact of exchange listings on cryptocurrency prices, particularly for projects with significant user bases like Pi Network. The project has faced criticism, including allegations of targeting vulnerable populations.
Following Kraken’s announcement, Pi Network’s PI token experienced a notable rise of over thirty percent as it continues to expand its user base and trading presence across various platforms.
