Will Binance List Pi Network? Expert Triggers Wild Speculation in Crypto World!

Updated

May 9, 2025

Gambar Will Binance List Pi Network? Expert Triggers Wild Speculation in Crypto World!

Jakarta, Pintu News – Pi Network users are watching Binance closely after a crypto researcher linked the wallet’s activity to a possible test of the $PI token.

With the recent increase in speculation, some believe that Binance may be preparing to support the Pi Network mainnet.

Wallet Activity Suggests Binance May Be Testing $PI

A crypto community researcher on the X platform (formerly Twitter) with the username CRYPTOAD00 revealed on May 7 that Binance may be testing $PI transactions.

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 pic.twitter.com/2lUqPy5Ivi
— MOON JEFF 🪐 (@CRYPTOAD00) May 7, 2025

The researcher noted that a Binance deposit wallet on the Stellar network matches one of the Pi Network wallets that is now showing activity on the Pi mainnet. The wallet was reportedly created about two months ago.

Another wallet also showed similar activity, sending 1 PI allegedly for the Know Your Customer (KYC) and Know Your Business (KYB) verification process.

While there has been no official statement from Binance or the Pi Network core team, some traders are interpreting this as the first step towards the listing process.

Pi Barter Mall, a Pi community platform, also claimed on May 1 that Pi Network and Binance are in the final stages of negotiations. However, these claims have not been confirmed by Binance nor the Pi Core Team.

Liquidity Issues Continue as Pi Token Unlocking Increases

Amidst the listing rumors, Pi Network is facing pressure due to the rapid surge in the number of tokens in circulation.

Based on blockchain data from PiScan, more than 668 million Pi tokens are expected to be unlocked from May to July 2025. This number includes 212.2 million tokens in May, 222.6 million in June, and 233.4 million in July.

At the same time, Pi’s trading volume saw a sharp decline. CoinMarketCap reported that daily volume fell from $1.3 billion to just $45 million-a drop of 96%.

The drop indicates that fewer buyers are coming into the market, despite the growing number of tokens available.

Simultaneously, centralized exchanges began to slowly accumulate more Pi tokens. Currently, Bitget is listed as having more than 95 million PI, while OKX holds around 154 million of these tokens.

Reserves held by exchanges have more than doubled since February, sparking fears of a potential massive sell-off when the unlocking date arrives.

Binance Remains Mum on Pi Network

To date, Binance has shown no signs of adding Pi Network to its asset list. The exchange has also not provided any further details regarding wallet and user activity related to Pi.

Some in the crypto community argue that the reason Binance is still cautious is because there are still a number of unresolved issues in the Pi Network ecosystem.

These issues include the liquidity of the Pi token, the unlock mechanism, and the extent to which the project is centralized.

Based on information from Coingape, Binance has a policy of not listing coins that do not have sufficient trading volume or a clear use case.

Additionally, a number of experts also noted that Pi is still not available for open trading in many regions, as the core team is still finalizing the mainnet launch phase. As of now, the Pi core team has not announced an official schedule for listing on open exchanges.

Community Expectations Regarding Integration Events and Milestones

pi network surges to defeat hedera — Source: CryptoWeekly

Despite the market pressure, Pi supporters have high hopes for the updates that may be announced during the Consensus 2025 event.

Dr. Nicolas Kokkalis, founder of Pi Network, is scheduled to attend the conference. Some expect that there will be new announcements or strategic partnerships revealed on that occasion.

In recent times, Pi has gained support from a number of blockchain platforms.

Currently, Chainlink has established a partnership with Pi Network, and Telegram has begun supporting Pi in its crypto wallet. These collaborations have the potential to expand the use of Pi, provided liquidity and trading opportunities increase as well.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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