The Pi Network community is currently excited after some interesting activity was spotted on Binance’s Stellar deposit wallet — the same wallet used for PI transactions. It seems like Binance has started testing transactions on the Pi Chain, and naturally, this has sparked fresh rumors about a possible listing.
The wallet in question, with a long address, recently showed signs of test activity. This couldn’t have come at a better time, with a big Pi ecosystem announcement set to drop on May 14. The Pi Core Team has teased that a bunch of developer applications are under review, and some might even get listed soon.
But here’s the thing — even with this exciting news, $PI’s price hasn’t budged much. Even after gaining 4% in the last 24 hours, it is still hovering around $0.60, showing very little movement. Market indicators like RSI and OBV show that buying interest is still weak, and unless something major happens — like a Binance listing or a sudden demand spike — analysts think Pi might continue to move sideways or even dip to $0.52 or lower.
Since its open mainnet launch back in February 2025, Pi Network has built a strong community of over 60 million users. However, it’s also faced a fair share of challenges. The project has struggled with low liquidity, weak transaction activity, and the lack of smart contract features — which are crucial for building decentralized apps on any blockchain.
At its peak, Pi Coin hit $2.90, but concerns over regulatory issues (thanks to its referral-based model) and criticism from crypto leaders — like the Bybit CEO calling it a scam — have kept the project under the spotlight for the wrong reasons. The Pi team, though, has consistently denied those accusations.
Now, with May 14 approaching, the Pi Network community is awaiting a big news. Could a Binance listing finally be in the cards? We’ll have to wait and see.
Pi Network struggles with low liquidity, weak transaction activity, and the absence of smart contract capabilities, hindering decentralized app development.
Rumors are circulating due to Binance testing Pi transactions, with many speculating a listing might be announced after the May 14 Pi update.
Pi Coin previously hit $2.90, but with ongoing regulatory issues and low demand, it’s unclear if it will reach those levels again anytime soon.
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