Fueled by positive factors including Pi Day and protocol upgrades, the price of the Pi Network token has soared to its highest level since late 2025. The announcement of Pi Network's listing on the Kraken exchange was undoubtedly the main catalyst for this round of gains, but some investors subsequently chose to take profits, leading to a price pullback.
On March 12, the Kraken exchange confirmed that it would list Pi Network for spot trading. Upon the news, the PI token surged, reaching a high of approximately $0.295, an increase of about 37% from the price before the announcement.
Currently, Kraken has enabled the post-only mode and deposit functionality. Trading will officially begin at 15:00 UTC on March 13.
Subsequently, the price of the PI token fell back to $0.2742. Although it has retreated from its peak, it still maintains most of the gains from this week.
In the past seven days, the PI token has cumulatively increased by 37%, and the increase in the past month is 14.5%, indicating that most of the gains are concentrated in this week's positive news stimulation. From the two-hour chart of the MEXC exchange, it can be seen that from the end of February to the beginning of March, the price of the PI token slowly increased, gradually rising from $0.175 to $0.24. After March 5, the price entered a consolidation period. From March 8 to 11, and March 12 to 13, affected by the Kraken listing news, the price rose vertically, with an increase exceeding all previous periods. On March 13, the trading volume reached 1.66 million PI, far higher than the trading volume in the past two weeks.
Price Trend Analysis After Correction
The pullback from $0.295 to $0.2742 is a common price movement after a new coin is listed on an exchange. The rapid rise stimulated by news usually sees some pullback after the first wave of buying is digested, especially when the catalyst is event-driven rather than related to measurable changes in network revenue or usage. The PI token is currently maintained above $0.27, rather than falling back to around $0.22 before the listing, which indicates that this listing has established a new price floor for the PI token, and buyers regard this pullback as an opportunity to enter the market rather than a signal to leave.
If selling pressure persists, the $0.23 to $0.24 range will become a key support level. Holding this support level will indicate that the Kraken listing and related positive news have indeed increased the value of the token. If it falls below this support level, it indicates that this round of gains is mainly speculative and requires more fundamental progress to maintain the new price range, such as the release of more substantial positive news on Pi Day, rather than just the exchange listing itself.