Pi Network community is currently excited after some interesting activity was spotted on Binance's Stellar deposit wallet

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.

Binance’s Stellar deposit wallet, famously used for handling transactions of coins like PI, has shown some interesting activity with test transactions on the Pi Chain.

Naturally, this has sparked speculation about a possible listing of Pi on Binance.

The wallet, known for its lengthy address, recently displayed signs of test activity on the Pi Chain, which is still in the early stages of development.

This interesting development comes ahead of a major Pi ecosystem announcement on May 14. The Pi Core Team has teased that a significant number of developer applications are currently under review, and several could be listed on Binance very soon.

Pi Coin Struggles Near $0.60

However, despite all the anticipation, PI’s price hasn’t shown much change. Even after gaining 4% in the last 24 hours, it is still trading at around $0.60, indicating minimal price action.

Technical indicators like Relative Strength Index (RSI) and Volume Indicator suggest that buying interest is still lagging, and sellers might take control if the price drops below the $0.58-$0.57 support zone.

Unless there’s a sudden surge in demand or a major announcement, like the Binance listing, analysts believe Pi might continue its sideways movement or face a further decline to $0.52 or lower.

Pi Network, launched its open mainnet back in February 2025, and has managed to build a large community of over 60 million users. But the project has also encountered several challenges.

It is still struggling with low liquidity, weak transaction activity, and the lack of smart contract features, which are essential for developing d’apps on any blockchain.

At its peak, Pi Coin reached $2.90, but it has since faced issues with regulations due to its referral-based model, and criticism from crypto leaders, like Bybit CEO Ben Zhou who called it a scam.

The Pi team has consistently denied these accusations.

Now, as May 14 approaches, the Pi Network community is eagerly awaiting a big announcement. Could this be the time when Binance finally lists PI? Only time will tell.