The Telegraph
Fresh discussions about a possible Pi Network listing on Binance have arisen as users observed transactions linked to a wallet connected to the exchange.
On May 7, on-chain analyst Moon Jeff shared on X that minor amounts of Pi Coin (PI) were spotted moving through Binance’s Stellar deposit wallet. The wallet address, already associated with Binance, appeared to be conducting test transactions, igniting further speculation about potential integration.
These developments have attracted interest, yet neither Binance nor the Pi Network team has made any official announcements. The Pi Network is expected to unveil significant updates on May 14, which may include news about new listings. On May 8, the Pi Core Team hinted at forthcoming ecosystem updates on X, albeit without specific details.
Enhancing the credibility of this speculation is the particular wallet being referenced, which Binance uses for Stellar-related assets. This address was previously tested during Pi Network’s early testnet phase when it operated on a variation of the Stellar Consensus Protocol.
Even though Pi now features its mainnet, it retains many design aspects similar to Stellar. This resemblance implies that Binance’s Stellar deposit system may still be compatible with Pi Coin, making it a viable option for internal testing related to deposit or settlement processes.
At present, PI is active on smaller exchanges like OKX and Bitget, but it remains absent from major trading platforms such as Binance and Coinbase. A past community vote on Binance revealed that 86% of users supported a PI listing, raising current anticipations.
Market indicators show increasing interest, with PI rising 8% in the last 24 hours, trading at around $0.63 at the time of writing. The crypto.news price tracker indicates a 119% surge in trading volume, reaching $117.5 million. Technical indicators hint at a moderate bullish trend, with short-term moving averages suggesting buying opportunities. If it exceeds $0.68, the price might trend towards $0.75.
However, PI is faced with several challenges. More than 1.4 billion PI tokens, valued at over $850 million, are set to be unlocked within the next year, including 231 million this month alone. Without new exchange listings or a spike in demand, this could place downward pressure on prices. Should PI lose substantial support, a decline towards $0.59 or lower could be anticipated.
