Kraken Pro Boosts Pi Coin Futures Trading, Fueling Price Fluctuations

Kraken Pro’s introduction of futures trading for Pi Network’s cryptocurrency, Pi Coin, has sparked both excitement and uncertainty in the market. This move provides a substantial boost to the altcoin, but price fluctuations remain volatile. While reaching $1.60 in recent weeks was notable before a steep decline to $0.76, experts attribute this volatility to a lack of clarity regarding Pi’s coin distribution model, which some perceive as an attempt to circumvent regulations and a liquidity shortage.