Pi’s Big Fall: Kraken’s Magic Went Wrong!

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The little community of Pi Network had high hopes that listing on Kraken would turn their token into a golden goose. But alas, the tale took a twist as sharp as a crocodile’s teeth.

Let us unravel this mystery, dear reader, with the curiosity of a child peering into a cookie jar.

Trading Volume on Kraken Remains Insignificant

After Kraken’s grand announcement, Pi’s price plummeted like a confused penguin. From a peak of $0.30, it nosedived to $0.174-less than a drop of rain in a storm. A true tale of woe.

Analysts, who had big dreams, thought this would bring in lots of money, but alas, it didn’t. Instead, it felt like a party where no one showed up.

“A Kraken listing would be more than just another exchange. It would signal that Pi Network is stepping onto the global stage. From phones to real markets, the journey is just beginning,” investor Jackie Necton stated.

But here’s the kicker: after the initial hype, Pi’s trading volume on Kraken was as tiny as a mouse’s footprint. A mere 0.46% of total volume? How dull!

It may still be too early to judge, but these figures suggest that the Kraken listing was as exciting as a silent movie.

Meanwhile, Pi supply on exchanges kept growing, like a balloon filled with air. A new high of 454 million tokens? A true spectacle!

This increase reflects selling pressure from long-term holders, who seem to think, “Why hold when I can sell?” A classic “sell the news” scenario, as predictable as a clockwork mouse.

Protocol 20 Upgrade Lays Groundwork for Smart Contracts

But fear not! Not all is gloom. Protocol 20 has brought a spark of hope, like a firefly in a dark forest. All mainnet nodes now hum with version 20.2, ready to dance with smart contracts.

All major Pi nodes have now been upgraded to version 20.2 and are supporting protocol 20. Pi has also completed the upgrade of its Mainnet blockchain to protocol 20.

Protocol 20 provides the foundation to enable smart contract capabilities, and the rollout of smart contracts…

– Pi Network (@PiCoreTeam) March 18, 2026

The rollout of smart contracts will happen gradually, like a slow-burning candle. If these applications catch fire, Pi’s future may yet shine brighter than a disco ball in a cave.

But until then, the tale of Pi remains as mysterious as a riddle wrapped in a mystery inside an enigma.

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2026-03-18 07:52