Pi jumps 30%+ after Kraken listing announcement amid prior Bybit refusal
Pi surged over 30% on Friday after Kraken announced plans to list the token, fueling a renewed wave of buying and higher trading volumes for the mobile-mined project. The listing announcement came as market participants searched for on-chain and exchange cues, and the immediate price jump underscores how quickly sentiment can swing when a major exchange signals support.
The rally follows a contrasting stance from Bybit, which had earlier refused to list Pi after CEO Ben Zhou said Chinese police had warned the project was a scam. That history of mixed exchange responses and regulatory scrutiny helps explain the token’s volatility today — a Kraken listing can confer market access and perceived legitimacy, but regulatory comments and exchange refusals remain important risk factors for traders and investors.