PI (PI) fluctuates 37.0% in 24 hours: Kraken listing expectation drives surge
Bitget Pulse2026/03/13 00:38Volatility Brief
In the past 24 hours, the price of PI rebounded from a low of $0.2153 to a high of $0.295, currently quoted at $0.2871, with a price fluctuation amplitude reaching 37.0%. Trading volume surged significantly to approximately $105.6 million, higher than usual, indicating signs of net capital inflow.
Brief Analysis of the Cause for Movement
- Kraken Listing Announcement: On March 12, Kraken confirmed it would launch PI spot trading on March 13. The news of its listing on this regulated and compliant platform directly stimulated the price to soar over 20% from around $0.225, making it one of the Top Trending assets of the day.
- On-chain Transfer Data: After the announcement, about 3.34 million PI tokens were transferred to exchanges, possibly in preparation for profit-taking, but overall buying pressure dominated the short-term rebound.
Market Views and Outlook
Community sentiment is running high, viewing the Kraken listing as a liquidity milestone. Mainstream predictions set the short-term target at $0.35, with Pi Day (3/14) potentially providing further catalyst. However, analysts caution that low liquidity amplifies volatility risks, and an increase in token supply on exchanges (nearly 435 million PI) may trigger selling pressure. It is recommended to monitor trading volume confirmation.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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