Pi Community’s PI token led the market greater on Friday, based on CoinGecko information, rising 30% throughout Asia’s morning hours, after crypto alternate Kraken stated it might record the asset.
Pi Community is a mobile-first cryptocurrency challenge that replaces conventional proof-of-work mining with a phone-based belief graph, the place customers faucet a cell app every day to “mine” tokens and kind identity-verified safety circles that feed right into a consensus system derived from the Stellar protocol.
The challenge launched its externally linked mainnet in February 2025 after working for years in a closed ecosystem, saying it had about 19 million KYC-verified customers and roughly 10 million accounts migrated to the chain.
Pi Community is at the moment listed on OKX, Gate, and Bitget, in addition to some smaller exchanges.
In February 2025, Bybit CEO Ben Zhou publicly refused to record Pi Community’s token and referred to as the challenge a rip-off, citing a 2023 warning from Chinese language police alleging that Pi Community focused aged customers, collected private data, and induced some victims to lose pension financial savings.
