Is Binance Set to List Pi Network? New Speculations Emerge
Fresh speculation about a possible Pi Network listing on Binance has arisen as users observed activities related to a wallet tied to the exchange.
On May 7, on-chain analyst Moon Jeff shared on X that minor amounts of Pi Coin (PI) were seen moving through Binance’s Stellar deposit wallet. This wallet address, previously associated with Binance, appeared to be conducting test transactions, igniting new theories regarding potential integration.
The timing of these developments has drawn attention, though neither Binance nor the Pi Network team has issued any official confirmations. Expected updates from Pi Network are anticipated on May 14, possibly including new listings. On May 8, the Pi Core Team hinted at forthcoming ecosystem updates on X without revealing specifics.
Further lending credibility to the speculation is the wallet in question, which Binance has used for Stellar-based assets. This address was previously utilized during Pi Network’s initial testnet phase, when it was based on a variant of the Stellar Consensus Protocol.
Although Pi now features its mainnet, it retains many design aspects reminiscent of Stellar. This similarity implies that Binance’s Stellar-focused deposit framework may still connect with Pi Coin, making it a viable candidate for internal testing related to deposit or settlement procedures.
Currently, PI is traded on smaller platforms such as OKX and Bitget, but is not accessible on major exchanges like Binance and Coinbase. A prior community poll indicated that 86% of users supported a PI listing, amplifying current expectations.
Market indicators reveal a surge in interest, with PI climbing 8% in the last 24 hours, trading around $0.63 at the time of reporting. The crypto.news price tracker noted a 119% rise in trading volume, totaling $117.5 million. Technical signals suggest a slight bullish trend, with short-term moving averages indicating potential buy opportunities. Should it exceed $0.68, the price could rise toward $0.75.
Nonetheless, PI faces certain obstacles. Over 1.4 billion PI tokens valued at more than $850 million are set to be unlocked in the coming year, including 231 million this month alone. Without new exchange listings or a surge in demand, this could apply downward pressure on prices. If PI fails to retain significant support, a decline toward $0.59 or lower may occur.