Binance Activity Triggers Pi Coin Speculation Before Major Update
Pi Coin is back in the spotlight after blockchain analysts flagged unusual activity involving Binance’s Stellar deposit wallet–an address previously linked to Pi transactions. While Binance has issued no formal comment, the movements have reignited speculation that the exchange may be preparing to list $PI or test integrations with Pi Chain infrastructure.
Binance Wallet Activity Fuels Listing Rumors
The renewed buzz stems from what appear to be test transactions routed through a wallet long associated with Pi-related transfers. Although the intent behind the activity remains unconfirmed, its timing–just days before Pi Network’s ecosystem update scheduled for May 14–has the community on edge.
The Pi Core Team has teased the upcoming approval of third-party apps for the Pi ecosystem, reinforcing the network’s push to expand utility following its open mainnet launch earlier this year.
Market Reaction Muted Despite Hype
Despite gaining 9,87% over the past 24 hours, Pi Coin remains relatively flat at around $0,6447. Technical signals such as RSI and OBV suggest that broader sentiment is still neutral, with limited signs of strong buyer momentum. Analysts warn that without a strong trigger–such as an official Binance listing–$PI may continue to trend sideways or even retest support near $0,52.
Skepticism Lingers Ahead of Key Milestone
Though Pi Network now boasts over 60 million users, the project still faces scrutiny over its referral-based mining system, limited smart contract support, and low transaction throughput. Criticism intensified after Bybit’s CEO labeled the initiative a “scam”–a claim the Pi team firmly denies.
Nonetheless, the May 14 update could be pivotal. If Binance confirms integration or a listing, it may finally lend legitimacy and liquidity to a project often met with skepticism. Until then, the Pi community remains on high alert, tracking both on-chain movements and Binance activity in real time.
