The Pi Network community is 'buzzing' after notable activities appeared on Binance's Stellar deposit wallet — a wallet that has been used for Pi-related transactions in the past. Some signals suggest that Binance may be starting to test trading on the Pi Chain, sparking speculation about the possibility of listing $PI on the world's leading exchange.

Unexpected Signs from Binance Wallet

The wallet in question, with a long address, was originally the Stellar deposit wallet on Binance, which recently recorded some experimental trading activities related to the Pi network. Notably, this timing coincides with an important announcement expected from the Pi Core Team on May 14th. According to disclosures from the development team, there is currently a series of applications being built by developers on the Pi ecosystem that are under review and may soon be officially announced.

$PI Price Still Not Responding Strongly

Although positive information is circulating, the price of Pi Coin has not recorded a major breakthrough. In the past 24 hours, the price of $PI has only increased slightly by 4%, hovering around $0.60. Technical indicators such as RSI (Relative Strength Index) and OBV (On-Balance Volume) show that buying pressure remains weak. Many analysts predict that without a breakout factor like a listing on Binance or a sudden spike in demand, Pi Coin may continue to move sideways or even decrease to $0.52.

Achievements and Challenges Since Launching Mainnet

Since the mainnet officially launched in February 2025, Pi Network has built a strong community with over 60 million users worldwide. However, the network also faces numerous obstacles, including low liquidity, weak trading activity, and especially a lack of smart contract features — a key factor for building decentralized applications (dApps).

From Peaks to Controversy

Having reached a peak of nearly $2.90, Pi Coin has faced significant pressure from concerns over legal issues, particularly related to its referral-based operating model. Some leaders in the cryptocurrency space, including the CEO of Bybit, have publicly criticized Pi, even calling it a 'scam.' However, the Pi development team has consistently denied these accusations and is committed to building a sustainable, transparent ecosystem.

Focus on May 14th

Now, the entire Pi community is counting down to May 14th with hopes for a new turning point. Will Binance actually list Pi Coin? What applications will be launched? Although nothing has been confirmed yet, if it happens, it could be the necessary 'boost' to bring Pi back into a growth trajectory.