The PI network community is currently enthusiastic after a number of interesting activities on Binance’s Stellar Deposit wallet was noted -the same wallet used for PI transactions. It seems that Binance started testing transactions on the PI chain, and of course this has caused new rumors about a possible list.
The wallet in question, with a long address, Recently showed signs of test activity. This could not have come at a better time, with a large Pi -Ecosystem announcement that will fall on 14 May. The PI -Kerne team has plagued that a number of developer applications are being assessed, and some can even be mentioned soon.
Pi Coin is struggling almost $ 0.60
But here is the thing – even with this exciting news, the price of $ Pi has not stimulated much. Even after winning 4% in the last 24 hours, it still floats around $ 0.60, which shows very little movement. Market indicators such as RSI and OBV show that buying interest is still weak, and unless something important happens – such as a Binance list or a sudden peak peak – analysts think that PI might continue to move sideways or even dive to $ 0.52 or lower.
Since the Open Mainnet launch in February 2025, Pi Network has built up a strong community of more than 60 million users. However, it is also confronted with a good part of the challenges. The project has struggled with low liquidity, weak transaction activity and the lack of smart contract functions – which are crucial for building decentralized apps on every blockchain.
At its peak, Pi Coin became $ 2.90, but is concerned about regulatory issues (thanks to the referral model) and criticism of crypto-leaders-as the Bybit CEO who calls it a scam, the project kept the project under the spotlight. However, the PI team consistently denied those accusations.
Now May 14, the PI network community is waiting for a big news. Could a Binance list finally be in the cards? We will have to wait.