- Pi Coin sparks Binance listing rumors after unusual activity was detected in Binance’s Stellar deposit wallet, previously used for Pi Coin transactions.
- The buzz coincides with Pi Network’s May 14 ecosystem update, where third-party applications could soon be approved for the Pi ecosystem, aligning with its growth plans.
- All eyes are on the upcoming Pi Network developments and possible Binance listing, which could significantly impact Pi Coin’s legitimacy and liquidity.
The Pi Network community is abuzz with speculation after blockchain sleuths detected unusual activity linked to Binance’s Stellar deposit wallet, the very same address previously associated with handling Pi Coin transactions. The discovery has reignited hope that Binance, the world’s largest crypto exchange, may be quietly testing Pi Chain integrations, fueling long-standing rumors of a potential $PI listing.
The activity, observed in recent days, involves what appear to be test transactions routed through the familiar wallet, which in past instances has been used in conjunction with Pi-related transfers. While Binance has not made any public statements regarding the movement or its intent, the timing of these tests is noteworthy.
The buzz comes just ahead of Pi Network’s upcoming ecosystem update, scheduled for May 14. According to teasers from the Pi Core Team, several third-party applications are currently under review, and some might soon be approved for listing on the Pi ecosystem. This aligns with Pi Network’s goal of expanding utility within its native environment following the launch of its open mainnet earlier this year.
Pi Coin Price Stalls, Binance Hopes Fade
Interestingly, the renewed speculation has yet to meaningfully impact $Pi’s price. Despite a modest 11.24% gain over the past 24 hours, the token is still trading at approximately $0.6447. Technical indicators suggest market sentiment remains tepid; the Relative Strength Index (RSI) hovers in neutral territory, and On-Balance Volume (OBV) points to limited buyer interest.
Analysts caution that without a significant catalyst, such as a formal Binance listing or a notable surge in user demand, $Pi may continue to trend sideways. Some even warn of a possible retracement to $0.52 if momentum continues to fade.
All Eyes on Pi Coin Before May 14
Since the open mainnet went live in February 2025, Pi Network has grown to encompass a global user base of over 60 million pioneers. However, the project has not been without its hurdles. Chief among them are liquidity constraints, a lack of smart contract functionality, and relatively low transaction throughput of which are critical for fostering a vibrant decentralized application (dApp) ecosystem.
Despite reaching an all-time high of $2.90, Pi Coin has faced skepticism in the crypto community. Critics cite its referral-based mining model and opaque development roadmap as potential red flags. Notably, Bybit CEO Ben Zhou labeled the project a “scam” in a now-infamous tweet, a claim the Pi Core Team has adamantly denied.
All eyes are now on May 14. If Binance is indeed preparing to support the Pi Chain or list $PI on its exchange, the announcement could serve as a turning point for the embattled project, delivering a much-needed boost in legitimacy, liquidity, and market confidence.
Until then, the Pi faithful will be watching the chain and Binance’s wallets with bated breath.
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