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Is Binance Set To List Pi Network? Expert Sparks Speculations

Binance-linked wallets test Pi Network activity as 668M PI set to unlock by July, fueling speculation amid low liquidity and exchange silence.
Is Binance Set To List Pi Network? Expert Sparks Speculations

Highlights

  • Binance-linked wallets are testing $PI on mainnet, sparking fresh listing speculation.
  • Over 668M $PI tokens will unlock by July, doubling exchange-held supply.
  • Pi trading volume crashed 96%, down from $1.3B to $45M amid listing rumors.

Pi Network users are closely watching Binance after a crypto researcher linked wallet activity to possible $PI token testing. With a recent spike in speculation, some believe Binance may be preparing to support the Pi Network mainnet.

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Wallet Activity Suggests Binance May Be Testing $PI

A crypto community researcher on X (formerly Twitter), known as CRYPTOAD00, posted on May 7 that Binance may be testing $PI transactions. The researcher noted that the Binance Stellar deposit wallet matches a Pi Network wallet now showing activity on the Pi mainnet. The wallet address was reportedly created two months ago.

A second wallet has also seen similar activity, sending 1 PI for what appears to be Know Your Customer (KYC) and Know Your Business (KYB) verification. While no official statement has been made by Binance or the Pi Network core team, some traders are interpreting the move as a prelude to a listing.

Pi Barter Mall, a Pi community platform, also claimed on May 1 that Pi Network and Binance were in the “final stage” of negotiations. The post has not been verified by Binance or the Pi Core Team.

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Liquidity Issues Continue as Pi Token Unlocks Increase

As listing rumors circulate, Pi Network is facing pressure from a rapid rise in circulating tokens. According to blockchain data from PiScan, more than 668 million Pi tokens are expected to unlock from May through July 2025. This includes 212.2 million in May, 222.6 million in June, and 233.4 million in July.

At the same time, Pi trading volume has dropped steeply. CoinMarketCap reports a decline from $1.3 billion in daily volume to just $45 million—a decrease of 96%. This drop suggests fewer buyers are entering the market, even as more tokens become available.

Concurrently, centralized exchanges are gradually accumulating more of the Pi token. Currently, Bitget has over 95 million PI while OKX has approximately 154 million of it. The reserves held by exchanges have more than doubled since February, which prompts fears of a selloff at unlock dates.

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Binance Maintains Silence on Pi Network

As of now, Binance has not shown any inclination of adding Pi Network to its catalog. This exchange has avoided disclosing more details about the activity in related wallets and users. Others in the crypto community argue that the reason why Binance remains conservative is that there are issues that are still unsolved in the Pi Network.

Issues are around Pi’s illiquidity, unlock mechanism, and the extent to which the project is centralized. In the past, Binance has not listed coins that do not have adequate trading volume or use cases, according to information obtained by Coingape.

In addition, some experts note that Pi is still unavailable for open trading in many regions, as the core team continues to finalize the mainnet phase. The Pi core team has yet to announce an official timeline for open exchange listings.

Community Hopes Linked to Events and Integration Milestones

Despite market pressure, Pi supporters are watching closely for updates during Consensus 2025. Dr. Nicolas Kokkalis, the founder of Pi Network, is scheduled to appear at the event. Some expect new announcements or partnerships to be revealed during the conference.

In recent times, PI has garnered the support of several blockchain platforms. Currently, Chainlink has teamed up with the Pi Network and Telegram has started to support Pi in its crypto wallet. These could foster wider use if liquidity and trading opportunities are enhanced.

At the time of writing, Pi is trading at $0.58, with minimal price change since early May.

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Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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