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Cryptocurrency News Articles

After Spotting Transaction Activity From Binance's Stellar Deposit Wallet — Commonly Associated With Pi — The Pi Network Community Is Buzzing With Renewed Hope for an Official Listing.

May 08, 2025 at 03:24 pm

After spotting transaction activity from Binance's Stellar deposit wallet — commonly associated with Pi — the Pi Network community is buzzing with renewed hope for an official listing.

After Spotting Transaction Activity From Binance's Stellar Deposit Wallet — Commonly Associated With Pi — The Pi Network Community Is Buzzing With Renewed Hope for an Official Listing.

Anticipation is running high within the Pi Network community as new data suggests that Binance might be preparing to list Pi Coin.

The cryptocurrency exchange’s Stellar-based deposit wallet, previously linked to transactions with the Pi Chain, has shown fresh activity, immediately triggering speculation about an upcoming listing of $PI. On-chain observers have pointed out what appear to be test transactions originating from a well-known Binance (CRYPTO: BNB) wallet address.

While the exchange itself hasn't made any official statements, such internal activity is usually interpreted by crypto traders as a strong signal for new listings.

The timing of this activity is crucial, as the Pi Core Team has confirmed that a key announcement regarding the Pi ecosystem is set for May 14, with many tying it to upcoming listings, the launch of the Pi browser, or the network's upcoming upgrade. This convergence of technical details and public communication has even the most cautious investors watching closely.

As the anticipation around a potential Binance listing and the upcoming announcement on May 14 reaches a fever pitch, it’s important to consider the broader context. Despite the buzz, Pi Coin’s price has remained relatively stagnant. In the last 24 hours, $PI showed a minimal price increase of 4%, currently trading at $0.60.

This performance stands in stark contrast to the hype surrounding the token, which is known for its minimal liquidity and limited on-chain activity. While the project boasts over 60 million users since Pi Network's open mainnet in February 2025, it lacks sufficient smart contract support—a critical aspect for any successful decentralized platform—leading to slow adoption.

Despite the Pi Core Team highlighting the evaluation of numerous developer apps, the network still lags behind other Layer-1 initiatives in terms of existing functionality and dApps. These constraints continue to limit the token's utility and trading volume.

Also Read: Is Pi Network A Scam?

The speculations around Binance and Pi Network come as the community is eagerly awaiting the May 14 announcement. Earlier this year, at its price peak, Pi Coin reached $2.90, driven by community hype and an aggressive marketing campaign. However, the token faced backlash over its referral-based onboarding model, leading to regulatory concerns and accusations of being a “scam.”

One of the most vocal critics was Bybit CEO, who called out the project for its unclear tokenomics and business practices. In response, the Pi Network team has refuted all such claims, stating that its model is designed to encourage participation, not manipulation.

Despite the skepticism, the team remains focused on building a functional ecosystem, and May 14 could be the date when the project attempts to turn a new chapter.

As we approach May 14, all eyes are on Binance’s next moves and Pi Network’s announcements.

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Other articles published on Jun 08, 2025