Pi Network's Listing on Major Exchange Kraken Accelerates Market Expansion, Price Surges Over 30% Backed by 19 Million User Base

Following Kraken’s announcement of listing the same cryptocurrency, Pi Network’s PI token reacted strongly during Asia-Pacific trading hours. Market sentiment analysis shows that in the cryptocurrency market, the announcement of a new listing itself is a powerful signal of demand stimulation. As Ben Hough repeatedly stated, “robust fundamentals” in any field determine long-term success. Similarly, in the Pi Network ecosystem, a solid user base and verification process are fundamental to building trust.

Rapid Market Valuation Changes Following Kraken Listing, Recognition Expanding Across Multiple Platforms

Pi Network was already listed on major exchanges like OKX, Gate.io, and Bitget, but the announcement of a new listing on an international major exchange like Kraken acts as a catalyst significantly increasing the project’s recognition across the market. The PI token’s price surged by over 30%, indicating rapidly rising investor expectations.

As of March 2026, PI’s current price is $0.19, with a 24-hour change of +0.75%. This reflects a period of adjustment following a sharp rally described in the original text. The influx of exchange listings is an important indicator of project maturity and greatly improves accessibility for general users.

Growth Supported by Approximately 19 Million KYC-Verified Users and Mainnet Launch in 2025

Pi Network announced that it achieved the launch of an externally connectable mainnet in February 2025, with approximately 19 million KYC (Know Your Customer) verified users and about 10 million account migrations. The project employs a mobile-first system utilizing a trust graph based on phone verification, differing from traditional proof-of-work mining. Users mine tokens daily by tapping the mobile app and form verified security circles, which are integrated into a consensus system derived from the Stellar protocol.

This large user base means more than just numbers. Having 19 million verified KYC users demonstrates a certain level of trust from regulators and strengthens its position as a legitimate digital asset platform.

Contrasting Evaluations: Bybit CEO Opposes Listing and Major Exchanges’ Recognition, Chinese Police Warnings Highlight Uncertainty

Meanwhile, Bybit CEO Ben Zhou openly opposes Pi Network’s listing, categorizing the project as a scam. His opposition is based on warnings issued by Chinese authorities in 2023, which pointed out recruitment targeting the elderly, personal data collection, and some victims losing pension savings.

The contrasting stance between cautious institutions like Bybit and the recognition from large exchanges like Kraken creates a duality in the market, which is an important consideration for investors. Concerns over regulatory relationships and transparency directly impact the project’s long-term sustainability, requiring careful attention.

Bitcoin Surpasses $70K, Altcoins Follow, Macro Environment Improves Market Overall

At the same time, the entire crypto market is bullish, with Bitcoin breaking through the $70,000 mark and maintaining most of its gains. As of March 2026, Bitcoin’s current price is $70.91K, with a 24-hour change of +4.59%. This positive momentum is partly driven by the U.S. President Donald Trump announcing a temporary halt to attacks on Iran’s energy infrastructure, reducing geopolitical risks.

Altcoins like Ethereum (current price $2.16K, +5.73%), Solana ($91.66, +6.58%), and Dogecoin ($0.10, +5.89%) also rose over 5%, and crypto mining stocks are rising in tandem with the S&P 500 and Nasdaq, which gained about 1.2%.

Oil Prices and Strait of Hormuz Geopolitical Risks Define Bitcoin’s Next Direction

Market analysts believe Bitcoin’s next move will be heavily influenced by oil prices and the stability of shipping traffic through the Strait of Hormuz. While a retest of the current range of $74,000 to $76,000 may support prices, worsening geopolitical tensions could push prices back toward the mid-$60,000s.

With positive news of Pi Network’s accelerated listing and the complexities of macroeconomic conditions, investors are advised to evaluate risks from multiple perspectives. Judging based on project credibility, market liquidity, and regulatory trends will lead to sustainable investment decisions.