Pi Network’s native token, PI, jumped more than 30% in early trading on March 13, 2026, following its listing on the Kraken exchange. The surge coincided with recent upgrades to the network’s mainnet protocol, which helped boost market activity.
At press time, PI was trading around $0.2945, marking a 23% gain over the last 24 hours. Its value in bitcoin reached 0.000004102 BTC, up 20% in the same period, reflecting growing interest from the market.
PI Trades on Kraken Today
Kraken announced on March 12 that it would add PI trading pairs, with deposits opening immediately and trading starting today, March 13. The listing complements Pi Network’s presence on platforms like OKX, Gate.io, and Bitget, expanding access for users worldwide.
Coming tomorrow: $PI@PiCoreTeam Pi Network is a mobile-first Layer-1 blockchain and developer platform with a utility-based ecosystem on an identity-verified mainnet.
Post-only mode, deposits enabled.
Trading starts Mar 13 at 15:00 UTC
Get ready → https://t.co/sncSsMhRi3 pic.twitter.com/INdfG8WMjr
— Kraken Listings (@krakenlistings) March 12, 2026
The announcement contributed to a rally that lifted Pi Network’s market capitalization to $2.82 billion, placing it 36th among global cryptocurrencies. The circulating supply stood at 9.66 billion PI out of a total 14.87 billion tokens, highlighting the token’s available liquidity.
Pi Network Mainnet Upgrades
Pi Network focuses on mobile mining, allowing users to earn tokens by interacting with an app daily. The system uses a trust-graph consensus model based on the Stellar protocol, requiring users to form security circles for verification.
Since launching its externally connected mainnet in February 2025, the project has onboarded about 19 million KYC-verified accounts. Roughly 10 million of these accounts have migrated to the blockchain, showing steady adoption and engagement from the user base.
The network recently completed Step 3 of its mainnet upgrades, requiring node operators to transition to version v20.2 by March 12. Earlier upgrades, including v19.6 and v19.9, were part of a roadmap aimed at improving decentralization and overall network stability.
These updates have increased redundancy and strengthened transaction verification across the network. Users continue migrating to the mainnet in batches, which include referral bonuses and other structured incentives.
Community Reactions and Controversies Surround Pi Network
On X, community reactions highlighted the combined effect of the Kraken listing and recent protocol updates. Analysts suggested the timing could create “asymmetric upside,” as Pi Day on March 14 is expected to draw additional attention to the network. This event could spark renewed interest among users and boost trading activity.
Despite this optimism, concerns remain about volatility and liquidity due to hype-driven trading. Critics also reference past controversies, including a 2023 Chinese police alert and Bybit CEO Ben Zhou’s 2025 statement labeling the project a scam. The claim, which focused on the alleged targeting of older users, continues to influence market sentiment.
In response, supporters emphasize Pi Network’s focus on verified users and real-world applications, distinguishing it from earlier claims. They argue that the platform’s structured verification process and growing ecosystem reduce the risks highlighted in past criticisms.
The network continues prioritizing infrastructure development, node activations, and steady user growth. These efforts aim to reinforce adoption, strengthen market perception, and provide a foundation for sustainable activity that extends beyond short-term excitement.
Looking ahead, analysts speculate PI could approach $0.30 if trading volume remains strong. However, longer-term performance will depend on consistent engagement and network expansion. The token’s ability to maintain liquidity alongside broader adoption metrics, such as circulating supply and market capitalization, will also play a key role.
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Faith | March 13, 2026
Chris Lion | March 13, 2026
