Pi Network (PI) recently experienced strong volatility after being listed on Kraken. The listing initially caused a rapid 30% price increase as more traders entered the market and liquidity increased. However, when Pi Day arrived, the situation quickly reversed and the price dropped by nearly 30% to around $0.20, making PI one of the worst-performing tokens among the top 100 cryptocurrencies at that time. This type of movement is a common pattern in crypto markets where a listing creates hype and attracts buyers, but once liquidity increases, many early investors sell to take profits, causing the price to fall