Breaking News: Kraken Pro Launches Perpetual Futures Trading for Pi Network’s PI
On May 23, 2025, cryptocurrency exchange Kraken Pro made waves in the crypto world by introducing perpetual futures trading for Pi Network’s native cryptocurrency, PI. This move marked a significant milestone for the project, offering traders up to 20x leverage and a wide range of over 40 collateral options. Despite this exciting development, the price of PI has been struggling to maintain stability.
Exciting news! Kraken Pro has officially launched perpetual futures trading for Pi Network’s native cryptocurrency, PI. Traders can now access up to 20x leverage and choose from over 40 collateral options. #PiNetwork #Cryptocurrency #Trading
The fluctuation in PI’s price can be attributed to the token’s complex regulatory situation and the manner in which it was initially launched. Similar to many other cryptocurrency projects, Pi Network has taken strategic steps to navigate regulatory challenges, leading to some ambiguity surrounding its coin issuance process.
Pi Network Price Forecast
Despite recent price volatility, PI Network has shown signs of recovery by breaking out of a falling wedge pattern following a 50% decline. The next crucial level to monitor is at $0.84 – a successful break above this could confirm the breakout and pave the way for potential targets at $0.96, $1.20, and $1.57.
While some analysts speculate that Pi could surge to $5 in the future, this projection may seem ambitious given the resulting market capitalization of over $30 billion. However, due to the token’s limited liquidity, there exists a possibility for its price to experience significant short-term spikes, especially if the project team actively manages supply and demand dynamics.
The future price trajectory of Pi will heavily rely on the achievement of key milestones outlined in the project’s roadmap. With plans to enable users to transfer more Pi coins to the mainnet and convert Fireside tokens into Pi coins, these initiatives could potentially impact the token’s price by either increasing circulating supply or creating scarcity.