Pi Coin Soars 32% in 24 Hours, 111% in 1 Month: Is a New All-Time High Imminent?
Pi Coin (PI) has surged 32.1% in the last 24 hours, defying broader market bearishness and significantly outperforming major assets like Bitcoin and Ethereum. The rally extends to a 111.7% gain over the past month, though the token remains 83.1% below its March 2025 peak, raising questions about the sustainability of its explosive momentum and the potential for a new price peak.
Source: CoinGecko
What’s Behind Pi Coin’s Massive Price Rally, And Will It Continue?
Pi Coin began its upward momentum earlier this month after the project announced major protocol updates for the project. The team stated that it would complete migrating to protocol v20.2 before Pi Day (March 14). The updates may have led to a big spike in investor sentiment.
However, the latest upswing may be due to the popular crypto exchange, Kraken, announcing that Pi Coin (PI) will be available for trade on the platform potentially by March 13, 2026. Being listed on new exchanges is considered bullish as it widen the audience for the asset. Kraken has about 13 million registered users and about 1.5 million active users. The listing could bring Pi Coin to a whole new client base.
Coming soon: $PI@PiCoreTeam Pi Network is a mobile-first Layer-1 blockchain and developer platform enabling accessible crypto mining via smartphone, with a utility-based ecosystem on an identity-verified mainnet.
Trading starts March 13
Get ready → https://t.co/47fNCUnRqD pic.twitter.com/nPmrRElAPW
While the rally has been going strong for a few days, Pi Coin’s (PI) price could face a correction after the listing. Many investors who got into the project early are looking for ways to exit their positions. The Kraken listing could be their way out. Moreover, the larger market is still fragile, reeling with increased volatility amid rising global geopolitical tensions. Macroeconomic uncertainty is also high, with no signs of an interest rate cut.
