On May 7, onchain analyst Moon Jeff stirred the crypto pot by reporting on X that small amounts of Pi Coin (Pi Network) were quietly sneaking through Binance’s Stellar deposit wallet. This wallet, which has been linked to Binance in previous transactions, seemed to be busy testing something, leaving many to wonder if an integration is finally happening. The timing’s got everyone buzzing, but neither Binance nor Pi Network has given the green light to confirm anything officially.

Pi Network’s big day is coming up on May 14, when they’ve promised a major announcement, fueling speculations that new exchange listings could be in the cards. On May 8, the Pi Core Team posted a cryptic tweet hinting at some ecosystem updates, but they left us hanging with no concrete details.

PI Coin Price Surge and Market Dynamics

What makes this all so interesting is the specific wallet Binance has been using – the same one for Stellar-based assets. This wallet was in play during Pi Network’s early testnet days when it still dabbled in the Stellar Consensus Protocol. Although Pi’s now running its own mainnet, it still carries many design traits from Stellar, so Binance’s infrastructure could be a match made in heaven for testing Pi Coin's deposit or settlement features.

Pi Coin’s still a small fish in the crypto pond, only listed on exchanges like OKX and Bitget, with no home on bigger platforms like Binance or Coinbase. A past community poll on Binance showed a hefty 86% of users backing the idea of listing PI. That’s one heck of a sign.

Looking at the numbers, PI’s been making waves recently. It’s up 8% in the last 24 hours, trading around $0.63. The trading volume also skyrocketed by 119%, sitting at $117.5 million. Chart indicators are looking pretty bullish, with short-term moving averages suggesting a buy and the RSI and MACD both heading north. If PI can break the $0.68 barrier, it might just see a run up to $0.75.

Is Binance listing Pi Network soon? Wallet activity sparks rumors ahead of planned May 14 ecosystem update - 1
PI Coin price analysis. Source: Tradingview.com

But of course, there’s a catch. Over the next year, over 1.4 billion PI tokens will be unlocked, worth more than $850 million. That includes 231 million PI this month alone. Without fresh exchange listings or soaring demand, this could put some serious pressure on PI’s price. If it doesn’t hold its ground, we might see a dip towards $0.59 or lower. Hodl on tight!

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