Binance May Be Testing Pi Network Integration as Pre-Listing

Crypto researcher CRYPTOAD00 has spotted activity that may indicate Binance is testing Pi Network tokens ahead of a potential listing on the exchange.

The researcher noted on May 7 that a Binance Stellar deposit wallet matches a Pi Network wallet now showing activity on the Pi mainnet. The Stellar wallet was created around two months ago, and a second wallet has been observed sending 1 PI token in what appears to be verification testing.

This wallet is also receiving small Stellar amounts from the Binance Stellar deposit wallet. However, both wallets have low activity and may be burner wallets used by Binance for testing purposes.

Neither Binance nor the Pi Network core team has made any statement about a potential listing. Still, the activity has sparked optimism among PI holders, especially as rumors of a partnership have been circulating.

Earlier this year, Pi Barter Mall claimed that Pi Network and Binance were in the "final stage" of integration. However, this claim remains unverified by either party.

The timing of these rumors is particularly interesting as Pi Network faces pressure from a substantial increase in circulating tokens.

According to PiScan, more than 668 million Pi tokens are scheduled to unlock between May and July 2025. The unlock schedule breaks down to 212.2 million in May, 222.6 million in June, and 233.4 million in July.

This influx of tokens comes as trading volume has fallen dramatically. CoinMarketCap data reveals that daily volume has dropped from $1.3 billion to just $45 million – a 96% decrease.

At the same time, centralized exchanges have been accumulating PI tokens. Bitget now holds over 95 million PI, while OKX has approximately 154 million. Exchange reserves have also more than doubled since February 2025.

Binance has not commented on Pi Network. Some crypto analysts suggest the exchange’s hesitation may stem from concerns about Pi’s liquidity, unlock mechanism, and the project’s centralized aspects.

Despite the market challenges, Pi Network supporters are looking forward to Consensus 2025, where founder Dr. Nicolas Kokkalis is scheduled to speak.

The conference, taking place May 14-16 in Toronto will bring together over 6,800 companies, 400 startups, and leaders from 100 countries.

Many in the Pi community expect new announcements or partnerships to be revealed during the event. Some supporters believe the token price could approach $1 during the conference.

Pi Network has recently secured several partnerships. Chainlink has teamed up with the network, and Telegram has begun supporting Pi in its crypto wallet.

As of 07:05 ET on Monday, Pi traded at approximately $0.58, showing little price movement since early May.