Pi Coin, a digital asset from Pi Network, may soon be listed on Binance as the activity of depositing into Binance's wallet increases.
Binance Deposit Wallet Activity Draws Attention
Binance, the largest cryptocurrency exchange in the world, has shown increased activity in deposit wallets potentially related to Pi Coin, sparking speculation. Meanwhile, the core team of Pi Network is preparing for a major ecosystem update on May 14, 2025.
An announcement from the core team of Pi Network is expected on May 14, 2025, described as 'Ecosystem Announcement,' which may refer to a major update.
The community is closely monitoring the developments, as Binance's actions and ecosystem updates may signal a new phase for Pi Coin. However, official statements from Binance confirm that no listing has been finalized, despite the hype.
"Pi Coin is currently not listed on Binance, and no official listing date has been confirmed despite the community's excitement and a favorable poll for Binance." — Official statement from Binance
Price Increases 8% Amid Listing Speculation
This speculation temporarily boosted the price of Pi Coin by 8%, to $0.63. However, despite the excitement, the coin is still thinly traded on smaller exchanges with low liquidity.
This potential listing is seen as transformative, with the possibility of price increases similar to other coins after major listings. Changes could significantly alter the trading landscape for Pi Coin.
Analysis: The Potential Impact of a Major Listing
Traditionally, listings on major exchanges like Binance have led to strong increases in asset prices, making similar predictions for Pi Coin. Analysts predict significant impacts if the listing on Binance occurs.
If the listing is confirmed, it could drive further adoption and interest, potentially positioning Pi Coin for significant gains. Experts suggest this could push the coin's price to exciting new heights.