Kraken Pro Launches Perpetual Futures for Pi Network’s PI with 20x Leverage

On May 23, 2025, Kraken Pro launched perpetual futures trading for Pi Network’s native cryptocurrency, PI, with up to 20x leverage and over 40 collateral options. This move marks a significant step forward for the Pi Network project, as it provides traders with enhanced tools to speculate on the price movements of PI. Despite this development, the price of PI has struggled to find stability, briefly rallying to $1.60 earlier this month before falling to around $0.76.

The complex regulatory situation and the unique way Pi Network was launched have contributed to the token’s price volatility. Like many crypto projects, Pi Network has navigated regulatory scrutiny by carefully managing its coin issuance, which has sometimes led to confusion among investors. The token’s price has shown signs of recovery after breaking out of a falling wedge pattern, with key levels to watch at $0.84, $0.96, $1.20, and $1.57. Some analysts predict that Pi could rally to $5 in the future, although this would give it a market cap of over $30 billion, which seems unlikely given the current market conditions.

Much of Pi’s future price action will depend on its upcoming roadmap milestones. The Pi Network website lists dozens of milestones, including plans to allow users to migrate more of their Pi coins to the mainnet and convert Fireside tokens into Pi coins. These moves could either release more coins into the market or tighten supply, both of which would affect the price. The introduction of perpetual futures on Kraken Pro is expected to have a notable impact on the Pi Network ecosystem by providing traders with the ability to use 20x leverage, potentially driving increased market activity and liquidity.

This move could attract a broader range of traders, including those experienced in leveraged trading and those new to the cryptocurrency market. The Pi Network has been gaining traction as a community-driven cryptocurrency that aims to make cryptocurrency mining accessible to a wider audience. By leveraging the power of mobile devices, the Pi Network allows users to mine PI tokens through a simple and user-friendly app, making it an attractive option for those new to cryptocurrency mining.

The launch of perpetual futures on Kraken Pro is a strategic move that could help drive the price of PI higher. By providing traders with the ability to use leverage, Kraken Pro is creating a more dynamic and liquid market for PI, which could attract more traders and investors. This increased market activity could, in turn, drive up the price of PI, potentially reaching the $1 mark or higher. However, leveraged trading carries significant risks, and traders must exercise caution and conduct thorough research before engaging in such activities. The volatility of the cryptocurrency market means that the price of PI could fluctuate significantly, making it a risky investment for those who are not experienced in trading.