PI, the native crypto asset of the Pi Community, rose over 30% to $0.29 as market individuals anticipated its buying and selling debut on Kraken, one of many largest US crypto exchanges.
The rally lifted PI’s market capitalization to $2.7 billion, pushing it forward of established altcoins akin to Uniswap’s UNI, Bittensor’s TAO, and Polkadot’s DOT, in keeping with CoinMarketCap knowledge.
The token moved up from round $0.22 on Thursday after Kraken first revealed the itemizing and prolonged its beneficial properties as soon as the launch time was confirmed.
Quantity spiked as PI’s worth climbed, rising over 130% up to now 24 hours to $144 million. The token is now among the many high 5 gainers of the day with TRUMP, RIVE, NIGHT, and FET.
Kraken confirmed that buying and selling would begin on March 13 at 15:00 UTC, with deposits already enabled and the platform at present working in post-only mode.
Coming quickly: $PI@PiCoreTeam Pi Community is a mobile-first Layer-1 blockchain and developer platform enabling accessible crypto mining through smartphone, with a utility-based ecosystem on an identity-verified mainnet.
Buying and selling begins March 13
Prepare → https://t.co/47fNCUnRqD pic.twitter.com/nPmrRElAPW
— Kraken Listings (@krakenlistings) March 12, 2026
Launched in 2019 by Stanford graduates, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, Pi Community allows customers to mine crypto on cell units and private computer systems utilizing a user-friendly, energy-efficient consensus mannequin primarily based on the Stellar Consensus Protocol.
The platform introduces 4 key consumer roles, together with Pioneers, Contributors, Ambassadors, and Nodes, permitting individuals to collectively validate transactions and earn Pi tokens every day.
Based on the venture’s whitepaper, the Pi Community goals to create a good and accessible crypto ecosystem. Its tokenomics are designed to reward early contributors whereas sustaining large distribution by way of mining, referrals, and developer incentives.
The community prioritizes decentralization, belief, and meritocratic distribution of rewards whereas maintaining transaction charges elective and honest. Pi desires to scale past current blockchain networks whereas sustaining quick transaction finality and safety.
Commenting on the Kraken itemizing, Kokkalis expressed appreciation for the sturdy help and pleasure surrounding the venture.
He mentioned he would proceed sharing updates, analysis, and market evaluation by way of his timeline to maintain followers up to date on progress throughout the Pi ecosystem and crypto developments.
🚨 Pi Community Group Replace
For the reason that Kraken itemizing announcement, my inbox has been completely flooded with DMs from the neighborhood. 🙏
I actually admire the unimaginable help and enthusiasm round Pi Community. The neighborhood power proper now could be superb! 🔥 Nonetheless, as a consequence of… pic.twitter.com/gPJToGoy6z
— Dr. Nicolas Kokkalis (@drnicolas_) March 12, 2026
