Well, fire up the rumor mill (again)—crypto detectives swear they’ve spotted suspicious wallet activity suggesting Pi Network might finally end its “will they, won’t they” romance with Binance. Enter stage left: mysterious digital wallet, bravely pinging Pi Coin (PI) around as though it’s auditioning for a role as ‘token most likely to cause collective hysteria’.
On May 7, serial onchain gumshoe Moon Jeff (actual name, probably) announced on X that he’d seen little blobs of PI wobbling through Binance’s Stellar deposit wallet. Not exactly a tidal wave of riches, but even tiny transactions are enough to prompt half the internet to put on their tinfoil hats and start yelling about integration.
Is $PI finally coming to Binance?
The Binance stellar deposit wallet which is the same as their $PI wallet has started testing transactions on the $PI chain.
The wallet (GABFQIK63R2NETJM7T673EAMZN4RJLLGP3OFUEJU5SZVTGWUKULZJNL6) is testing the transactions. #PiNetwork— MOON JEFF 🪐 (@CRYPTOAD00) May 7, 2025
And yet, despite what must be a record number of social media comments reading “WHEN BINANCE??”, neither Binance nor Pi Network have issued anything resembling a real statement. The one thing we do know is Pi Network’s much-teased announcement coming on May 14. (Will it be about listings? Or will it be another hackerspace meme contest? Place your bets.) On May 8, the official Pi Core Team tossed a vague update onto X, basically promising “something” was coming, in the style of a particularly cagey Netflix trailer.
A Pi ecosystem announcement will be released on May 14. Tune in to find out what’s coming next!
— Pi Network (@PiCoreTeam) May 7, 2025
For what it’s worth, the wallet in question appears to genuinely belong to Binance, beloved modellers of crypto chaos. The same wallet was used in Pi’s awkward teenage testnet phase, back when Pi Network came with maximum “Stellar Consensus Protocol” energy.
The Pi mainnet is all grown up now, but it still clings to some very Stellar-like characteristics (who doesn’t have a weird phase carried over from their youth?). This means Binance could still use good old Stellar infrastructure for PI, which is either smart blockchain efficiency or a recipe for future confusion in group chats everywhere.
As it stands, PI is up for grabs on smaller exchanges like OKX and Bitget, but still ghosting major platforms—limo not yet called for Binance or Coinbase. Some months ago, Binance polled users on whether to list PI, and an enthusiastic 86% shrieked “yes please!”, giving everyone false hope for ages.
The charts have decided to get spicy: PI shot up 8% in the last day, now circling $0.63 (don’t spend it all at once, dears). Trading volume nearly doubled—possibly everyone scrambling to front-run the speculative crowd?—landing at $117.5 million. Technical signals scream ‘buy’ in that way technical signals always do, and if PI pole-vaults past $0.68, $0.75 is within grasp. Insert dramatic music here.
Ah, but dreams are so fragile: over 1.4 billion PI tokens worth a whopping $850 million will be unlocking in the next twelve months (231 million about to drop this month—heaven help us). Unless some magical new exchange listing or demand materialises, all these newly freed coins might chase the price down the cryptographic drain. If PI can’t cling to support, brace for a dip to $0.59 or below—and the sound of thousands of Discord notifications going absolutely ballistic.
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2025-05-08 09:13