Pi Network Listing on Binance: New Speculation Arises
Interest in a possible Pi Network listing on Binance has surged.On may 7, onchain analyst Moon Jeff noticed small Pi Coin (PI) transactions through Binance’s Stellar deposit wallet. this wallet, previously linked to Binance, seems to be testing transfers, fueling speculation about a potential integration.
Neither Binance nor Pi Network has confirmed this. However, Pi Network is set to announce major updates on May 14. Many believe this could include new listings. The Pi Core Team hinted at upcoming ecosystem changes on May 8, but offered no specifics.
The wallet’s involvement adds credibility to the speculation. It was used for testing during Pi Network’s early testnet phase, when it ran on a version of the Stellar Consensus Protocol. Despite Pi now having its own mainnet, it still shares similarities with Stellar. This makes Binance’s stellar-based deposit infrastructure a logical choice for testing deposit or settlement functions.
PI is currently listed on smaller exchanges like OKX adn Bitget. A past binance community vote showed 86% support for a PI listing.Market data reflects renewed interest. PI is up 8% in the last 24 hours, trading at around $0.63. Trading volume has risen by 119% to $117.5 million.
Though, PI faces risks. Over 1.4 billion PI tokens, valued at over $850 million, will unlock over the next year. Without new listings or rising demand, this could pressure prices. If PI loses key support, a drop toward $0.59 or lower is possible.
