Pi Network’s debut into the derivatives market with Kraken’s perpetual futures has sparked significant volatility in its native token. While this move fuels institutional interest, concerns remain around Pi’s decentralization, limited market access, and regulatory uncertainties. 60% of PI tokens are reportedly held by the core team, raising questions about control structure. The launch coincides with increased market volatility, leading to speculation about short-selling pressure on the token.
Institutional investors are drawn to Pi Network’s unique distribution model, but ongoing questions about its decentralization and regulatory hurdles remain unanswered. The upcoming changes in Vietnam’s crypto regulations will further restrict validator activity and potentially impact the network’s long-term viability. The question remains whether this derivatives launch marks a turning point for the project or a cautionary tale in the crypto space.