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coinpedia 2025-05-25 05:27:32

Pi Network Futures Live on Kraken Pro: Will the Price Hit $1?

Pi Network Futures Live on Kraken Pro: Will the Price Hit $1?

The post Pi Network Futures Live on Kraken Pro: Will the Price Hit $1? appeared first on Coinpedia Fintech News 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. $PI @PiCoreTeam perpetual futures now live with up to 20x leverage Why choose Kraken Pro futures: 40+ collateral options 360+ markets Open PI perp https://t.co/NHHpKobugb *geo restrictions apply pic.twitter.com/aiJrJRbxW4 — Kraken Pro (@krakenpro) May 23, 2025 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 Price Prediction 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.

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