Massive Move by Pi Network: First Perpetual Futures Launched with 20x Leverage!

Jakarta, Pintu News – Kraken has just launched the first perpetual futures contract for Pi Network’s PI token, providing an exciting new way for traders to gain exposure to the asset.

Although the launch on a major exchange attracted a lot of attention, the price of PI fell by 3.5% on May 24 and was trading at $0.7821, reflecting growing concerns about the volatility and centralization of the asset.

Kraken Offers Up to 20x Leverage for US Traders

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With the launch of the new perpetual futures contract, Kraken Pro users can now go long or short on the Pi token with up to 20x leverage. The contract supports over 360 markets and accepts over 40 types of assets as collateral.

This move makes it easier for US traders to access Pi futures without regulatory barriers or additional platform constraints.

Unlike traditional futures contracts, perpetual contracts have no expiration date, allowing traders to maintain their positions indefinitely-although funding fees may apply depending on market conditions.

This listing is seen as a signal of potential increased institutional interest in Pi, even though the token is not yet available on major exchanges such as Binance or Coinbase.

Centralization and Privacy Issues Raise Concerns

Although the development team continues to work, Pi Network continues to face sharp criticism regarding its token distribution and privacy practices. Currently, around 60% of the total PI supply is still controlled by the project’s core team.

Dr. Altcoin, one of the leading supporters of the Pi Network, voiced serious concerns over the Pi Core Team’s lack of transparency, specifically regarding how user data is collected and used.

He warned that the data could be misused for:

• Artificial intelligence training
• Identity theft
• Real-world tracking of user movements

Without clear disclosure, according to him, user trust and data privacy are still under serious threat.

Ecosystem Update from Pi Network

Amidst much controversy, Pi Network announced a number of ecosystem updates, including:

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• Five new community apps integrated into the Pi Mainnet Ecosystem Interface
• Simplified account recovery process to improve accessibility and user participation

This update reflects ongoing efforts to increase Pi’s utility and engagement in its ecosystem, although questions about transparency and market readiness still remain.

Overall, Pi Network’s entry into Kraken’s futures platform is a significant milestone, providing more visibility and new instruments for traders. However, price drops, transparency issues, and the dominance of token ownership by the core team may continue to be a drag on market sentiment.

With increased attention from institutions, the next steps of the Pi Core Team-specifically in terms of communication and decentralization-will be under the spotlight.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Pi Network Launches Perpetual Futures on Kraken with 20x Leverage for U.S. Traders. Accessed on May 26, 2025