Pi Networkโs native Pi coin is making the headlines on Mondayโs crypto news, as the mobile mining network acquired a major listing after a long hiatus. Kraken, the 7th largest crypto platform around the globe, listed Pi Networkโs (PI) coin on Spot, issuing a 20x leveraged smart contract that went live last weekend.
Kraken Welcomes Pi Coin Traders
Notably, this Pi price smart contract on Kraken Pro offers over 40 collateral options for perpetual trades on supported crypto currencies. So far, the Pi price perpetual contract saw slow trading action, summing up to just $378 or 481 Pi coins. The Pi coin listing news on Krakenโs Futures services produced a new 7-day high for Pi price, topping at $0.8589 on May 22, 2025.
Meanwhile, the Pi Network developer team announced a bi-folded major update, following up on the $100 million venture capital (VC) fund to bolster decentralized applications (dApps) on the mainnet, something the Pioneers have been waiting for a long time. Now, the utility focused upgrade marks the beginning of 5 new dApps on the mainnet, including a retro Snake game.
Can Pi Price Crack $2 This Week?
The destination of Pi Networkโs (PI) token remains way below $1, a crucial psychological threshold that was given away on May 14, 2025. On top of that, the 42.9% deficit over the past two weeks has put the Pi coin’s price in a pickle, retracing all gains from the $1.57 monthly high on the same day.
Besides, last Fridayโs bi-folded Pioneer update included a smoother way to restore access in case of lost passwords via โtrusted emailโ setup. However, the enthusiasm didnโt reflect on Pi Networkโs native crypto Pi price movement, as the altcoin got rejected at $0.80 resistance twice in two days.
Now to reclaim this territory, the mobile mining crypto would have to start with breaking past the 200-day Exponential Moving Average (EMA) trend-line. Depicted in blue color, this Pi coin price level coincides with the mid-tier Bollinger Band (BOLL), also portrayed in blue in the chart below.
Trading below both of these thresholds with weak crypto whale support could send Pi coin price retesting the green support territory at $0.75. Currently, the $113 million trading volume on Spot suggests a waning interest on Spot markets, as lower-ranked altcoins like Celestia (TIA), Bittensor (TAO), Floki Token (FLOKI) all edged Pi coinโs trading volume by a distance.
On The Flipside
- Pi community members are questioning if the Futures contract on Kraken Pro is trading in real Pi coins as this requires a Know Your Business (KYB) procedure.
Why This Matters
Pi Network made mobile crypto mining accessible to everyone with a smart device, gathering over 60 million registered users, out of which 9.11 million are reported to be regularly active.
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