Pi Network Futures Go Live on Kraken Pro—Can the Mobile-Mined Token Crack $1?
Kraken Pro just flipped the switch on Pi Network futures trading—thrusting the controversial mobile-mined token into the big leagues. But here’s the billion-Pi question: will it actually hit that magical dollar mark?
The hype train’s running full throttle. Pi’s army of ’miners’—who’ve been collecting tokens via smartphone apps for years—are betting heavy on this being their moonshot moment. Meanwhile, skeptics eye the 45 million-strong ’engaged users’ claim with the same enthusiasm as a Wall Street banker reviewing a startup’s ’disruptive’ whitepaper.
Technical hurdles? Plenty. Mainnet migration remains incomplete, and the project’s closed ecosystem still limits real-world utility. But since when did fundamentals ever stop a crypto rally?
One thing’s certain: if Pi does spike to $1, Kraken’s futures market will become ground zero for either euphoria or spectacular schadenfreude. Place your bets—just maybe keep some fiat aside for when the ’next Bitcoin’ narrative inevitably collides with reality.
On May 23, 2025, Kraken Pro made headlines by launching perpetual futures trading for Pi Network’s native cryptocurrency, PI. The listing came with up to 20x leverage and over 40 collateral options, marking a major step forward for the project. But despite this big news, Pi’s price has struggled to find stability. Earlier this month, PI briefly rallied to $1.60, but has since fallen and is currently trading NEAR $0.76.
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A lot of this has to do with the token’s complex situation around regulations and the way it was launched. Like many crypto projects, Pi Network has taken steps to avoid direct regulatory scrutiny by handling its coin issuance in a careful, sometimes confusing way.
PI Network has broken out of a falling wedge pattern after dropping 50%, showing signs of recovery. The next key level to watch is $0.84 — if it breaks above this, it could confirm the breakout and open the path to targets at $0.96, $1.20, and 1.57.
Some predict Pi could rally to $5 in the future, which sounds unbelievable at first since it WOULD give it a market cap of over $30 billion. But because there’s so little liquidity, it’s technically possible for its price to spike much higher than expected in the short term, especially if the team is actively managing supply and demand.
Much of Pi’s future price action will depend on its upcoming roadmap milestones. The PI Network website lists dozens of them, including plans to let users migrate more of their Pi coins to the mainnet and convert Fireside tokens into Pi coins. These moves could either release more coins into the market or tighten supply even further, both of which would affect the price.
