Pi Coin (Pi Network/PI) is continues its market dominance, outperforming Bitcoin (BTC), Ethereum (ETH), XRP, and other major crypto assets. According to CoinGecko data, PI’s price has rallied 32.1% in the last 24 hours, 44.9% in the last week, 73.8% in the 14-day charts, and 111.7% over the previous month. What this means is, if you invested in PI on Feb. 11, 2026, you money would have more than doubled till now. Despite the incredible rally, PI’s price is still down by 83.1% since March 2025. Let’s discuss what’s pushing Pi Coin’s price rally, amid bearish market forces.
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.
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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.
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