The Pi Network community is abuzz with speculation following unusual activity detected on Binance’s Stellar deposit wallet—commonly associated with PI transactions. This has led many to believe that Binance may be testing Pi Chain transactions, fueling rumors of an imminent listing.
The wallet in question recently displayed signs of test activity, sparking hope and excitement just days before a major announcement from the Pi Core Team, scheduled for May 14. According to the team, several developer ecosystem applications are currently under review, and many may soon be officially listed.
"A large number of developer ecosystem applications are being reviewed, and many ecosystem applications will be listed," the Pi Core Team teased via social media.
PI Coin Holds Near $0.60 Despite Buzz
Despite the excitement, the market response has been muted. PI has seen only a modest 4% gain in the past 24 hours, currently trading around $0.60. Technical indicators such as the Relative Strength Index (RSI) and On-Balance Volume (OBV) suggest weak buying pressure. Analysts warn that without a major catalyst—like a Binance listing or surge in user demand—the price may remain flat or even dip toward $0.52.
Since the launch of its open mainnet in February 2025, Pi Network has amassed over 60 million users. Still, it faces hurdles including limited liquidity, low transaction volumes, and the absence of smart contract functionality—key elements for supporting decentralized applications.
At its height, PI reached $2.90, but concerns over regulatory scrutiny and its referral-based model have drawn criticism. Notably, the CEO of Bybit labeled the project a scam—an allegation the Pi Core Team firmly denies.
As the community awaits May 14, all eyes are on Pi Network. Could a Binance listing finally become reality? Only time will tell.