Pi Network Community is Buzzing with Speculation After Unusual Activity Detected on Binance's Stellar Deposit Wallet

The Pi Network community is abuzz with speculation after blockchain sleuths detected unusual activity linked to Binance's Stellar deposit wallet, the very same address previously

The Pi Network community is buzzing with speculation after blockchain sleuths detected unusual activity. It appears that Binance may be testing Stellar integration for the same address used to handle Pi Coin transactions.

The rumor mill went into overdrive as one crypto whizz noted how the Binance stellar deposit wallet is the same as their $PI wallet. It seems that they have started testing transactions on the $PI chain. The wallet (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) is testing the transactions, they added.

Is $PI finally coming to Binance?

Those who know, know. 👀 Those who don't... well, they'll have to wait until May 14 for Pi Ecosystem Update. Several 3rd party applications are currently under review and some of them might be approved soon to be listed on the Pi ecosystem.

The post is littered with comments from members of the Pi Network community. One user quipped: “They are testing on stellar but they still use the same address for Pi on testnet.” Another went on to add: “It’s been testing since yesterday. I hope they add liquidity on stellar for more testing.”

The buzz comes just ahead of Pi Network’s upcoming ecosystem update, scheduled for May 14. According to teasers from the Pi Core Team, several third-party applications are currently under review, and some might soon be approved for listing on the Pi ecosystem. This aligns with Pi Network’s goal of expanding utility within its native environment following the launch of its open mainnet earlier this year.

A Pi ecosystem announcement will be released on May 14. Tune in to find out what's coming next!

Pi Coin Price Stalls, Binance Hopes Fade

Interestingly, the renewed speculation has yet to meaningfully impact $PI’s price. Despite a modest 11.24% gain over the past 24 hours, the token is still trading at approximately $0.6447. Technical indicators suggest market sentiment remains tepid; the Relative Strength Index (RSI) hovers in neutral territory, and On-Balance Volume (OBV) points to limited buyer interest.

Analysts caution that without a significant catalyst, such as a formal Binance listing or a notable surge in user demand, $PI may continue to trend sideways. Some even warn of a possible retracement to $0.52 if momentum continues to fade.

All Eyes on Pi Coin Before May 14

Since the open mainnet went live in February 2025, Pi Network has grown to encompass a global user base of over 60 million pioneers. However, the project has not been without its hurdles. Chief among them are liquidity constraints, a lack of smart contract functionality, and relatively low transaction throughput which are critical for fostering a vibrant decentralized application (dApp) ecosystem.

Despite reaching an all-time high of $2.90, Pi Coin has faced skepticism in the crypto community. Critics cite its referral-based mining model and opaque development roadmap as potential red flags. Notably, Bybit CEO Ben Zhou labeled the project a “scam” in a now-infamous tweet, a claim the Pi Core Team has adamantly denied.

Here is a official police warning of $PI from Chinese police back in 2023. They are leaking personal data of the elderly and their pension. There are multiple other reports of $PI being a scam in China.

All eyes are now on May 14. If Binance is indeed preparing to support the Pi Chain or list $PI on its exchange, the announcement could serve as a turning point for the embattled project, delivering a much-needed boost in legitimacy, liquidity, and market confidence.

Until then, the Pi faithful will be watching the chain and Binance’s wallets with bated breath.