Rumours of a potential Binance listing for Pi Network have resurfaced after blockchain activity hinted at quiet testing by the world’s largest crypto exchange. On May 7, onchain analyst Moon Jeff reported on X (formerly Twitter) that small amounts of Pi Coin (PI) had moved through a wallet linked to Binance’s Stellar deposit system.
This particular wallet, previously associated with Binance during earlier Stellar-based transactions, appeared to be conducting test transfers, raising speculation that the exchange may be evaluating Pi Coin for future integration.
May 14 Ecosystem Update Adds Fuel to the Fire
Although neither Binance nor Pi Network has officially confirmed the activity, the timing has raised eyebrows. Pi Network is scheduled to announce a major ecosystem update on May 14, and many in the community believe it could include news of an exchange listing.
On May 8, the Pi Core Team teased the update on X, stating that “exciting ecosystem developments” are on the way—without disclosing specifics.
Familiar Infrastructure May Ease Integration
What lends credibility to the theory is the blockchain infrastructure involved. The wallet conducting the test transfers belongs to Binance’s Stellar-based deposit system, which was previously used during Pi Network’s testnet phase when the project ran on a modified version of the Stellar Consensus Protocol.
Even though Pi Network now runs on its own mainnet, it still shares several technical similarities with Stellar. This overlap could explain why Binance might be using its existing Stellar wallet infrastructure to test compatibility with Pi Coin deposits.
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Community Support and Market Momentum Grow
While Pi is already listed on platforms like OKX and Bitget, it remains notably absent from major exchanges like Binance and Coinbase. A previous community poll on Binance revealed that 86% of participants supported a PI listing, reinforcing the current wave of optimism.
The market has responded positively. As of press time, PI is up 8% over the last 24 hours, trading at $0.63. Trading volume has surged by 119% to $117.5 million, according to data from crypto.news. Technical indicators show a bullish trend forming:
- Short-term moving averages show buy signals
- RSI and MACD are both rising
- A break above $0.68 could push the price toward $0.75
Price Risks Remain as Token Unlock Looms
Despite the recent optimism, PI still faces downward pressure. Over 1.4 billion PI tokens—worth more than $850 million—are scheduled to unlock over the next year, including 231 million this month alone.
Unless Pi secures new listings or a demand surge, this influx of supply could drag prices lower. A breakdown below key support near $0.60 could trigger a move toward $0.59 or below, potentially erasing recent gains.
