Pi Network said over 18.1 million users passed native KYC and more than 16.7 million migrated to Mainnet, yet PI still trades near $0.172 with a 7-day loss of 4.03%.
Pi Network mainnet will upgrade to Protocol 22 by April 27. Nodes must migrate to version 22.1 or risk disconnection. PI token rose 5.34% to $0.1808, with $0.17 support and upside to $0.20.
Kraken has confirmed PI trading will start on March 13. The source says PI rose nearly 2% after the post and is up 33% over the past week, as traders revisit its price history and the contrast with the earlier OKX debut.
Pi Network lets users earn PI through a daily mobile check-in, but usable tokens require KYC, wallet setup, and Mainnet migration. Its scale is large, while debate centers on token distribution, liquidity, and real-world utility.
Pi Network launched its Launchpad test version on Pi Day 2026, requiring live products before token issuance, routing raised PI into liquidity pools, and unveiling a 526 million PI reward program alongside smart contracts and GenAI App Studio.
PI rebounded above $0.19 on March 20 after a steep three-day sell-off. Traders are watching Pi Network’s upcoming v21 release and a token unlock schedule highlighted by a 16 million coin release on March 20.
Pi Network has traded sideways for four weeks, with 24-hour volume down to $7 million and token unlocks still rising. Chart patterns point to a bearish setup unless PI breaks above $0.2250.
A Wall Street Journal report says AI compute shortages are driving up Blackwell GPU rental prices, hurting service reliability at Anthropic and forcing OpenAI and CoreWeave to reshuffle capacity.
