Pi Network’s Potential Binance Listing Fuels 8% Price Rally
Pi Coin (PI) surged 8% to $0.63 amid speculation about a potential Binance listing, with trading volumes hitting $124 million. The breakout follows weeks of consolidation above the $0.60 resistance level, as traders anticipate a major Pi Network ecosystem announcement on May 14. While Binance has not confirmed listing plans, market participants are positioning ahead of potential developments, including observed deposit tests. This price action reflects growing Optimism around PI’s exchange accessibility and broader adoption prospects in the crypto market.
Pi Network’s Potential Binance Listing Sparks Price Surge
Pi Coin’s price surged 8% to $0.63 amid growing speculation about a potential Binance listing. Trading volumes spiked to $124 million as the token broke through a weeks-long resistance at $0.60.
The rally coincides with deposit tests and anticipation for a major Pi Network ecosystem announcement scheduled for May 14. Market participants appear to be positioning ahead of potential developments, though Binance has yet to confirm any listing plans.
Pi Coin Surges 11% Amid Binance Listing Speculation
Pi Network’s native token (PI) rallied 11% in early Thursday trading following speculation of an imminent Binance listing. On-chain activity shows a Binance-linked stellar deposit wallet conducting test transactions on the Pi mainnet, fueling market anticipation.
The token has emerged as a focal point in the ’best crypto to buy’ conversation, though gains partially retraced as momentum cooled. This development coincides with improving macro conditions, including a concluded FOMC meeting and potential US-UK trade agreement.
Crypto researcher Moon Jeff highlighted the wallet activity, noting the address matches Binance’s known PI wallet infrastructure. Market participants interpret this as strong evidence of exchange integration progressing.
Crypto Airdrop Hunting Fuels $2.8 Billion Surge in Binance Alpha Volume
Binance Alpha’s trading volume skyrocketed to $2.8 billion following the introduction of its Alpha Points scoring system, designed to reward active traders. The feature has drawn significant attention from airdrop hunters, with daily transactions exceeding 1 million on peak days.
Data from Dune Analytics reveals a dramatic uptick in activity since the April 25 announcement, culminating in a $330 million single-day volume by May 7. The platform’s success underscores the crypto community’s appetite for incentive-driven trading mechanisms, though the Alpha Points program has received mixed reviews from participants.
Bitcoin Nears $100K Amid Profit-Taking Concerns
Bitcoin’s relentless rally toward the $100,000 milestone has sparked a wave of profit-taking, raising concerns among analysts about a potential local top. The cryptocurrency surged 2.47% in 24 hours, reaching $99,412—a two-month high—after climbing from a low of $76,159 in late May.
CryptoQuant analyst Mevsimi notes Bitcoin’s 7DMA Net Realized Profit/Loss metric has stayed aggressively positive since January, hitting $1B/day even after March-April corrections. ’When retail investors rush to cash out gains, it often signals short-term exhaustion,’ observes a senior trader at Binance, who requested anonymity due to company policy.
Whale Accumulates 500 Billion PEPE Tokens Amid Surging Demand
A significant whale transaction has ignited speculation of an impending rally for PEPE, the meme-inspired cryptocurrency. Lookonchain data reveals an anonymous investor purchased 500 billion Pepe tokens worth $4.36 million, bringing their total holdings to 2 trillion tokens valued at $17.42 million.
The same entity withdrew 1.5 trillion PEPE ($13.3 million) from Binance on April 30, 2025, signaling sustained accumulation. Such concentrated buying activity typically precedes price appreciation, as whales position themselves ahead of anticipated demand.
Market participants interpret these moves as a bullish signal, with large-scale acquisitions often catalyzing retail interest. The PEPE ecosystem demonstrates growing institutional appeal despite its meme coin origins, mirroring the trajectory of earlier successful assets like Dogecoin and Shiba Inu.
Arizona Enacts Bitcoin Reserve Law Following New Hampshire’s Lead
Arizona has become the second U.S. state to establish a strategic Bitcoin reserve, mirroring New Hampshire’s precedent. The newly signed HB 2749 bill diverges from an earlier rejected proposal (SB 1025) by funding the BTC reserve through unclaimed assets and staking rewards rather than retirement funds.
The MOVE signals growing institutional acceptance of cryptocurrency as a treasury asset. Market observers note the legislation’s creative funding mechanism avoids taxpayer exposure while creating a potential model for other states.
Bitcoin advocates celebrated the development, with Binance CEO CZ encouraging early participation. The approved framework demonstrates how regulatory hurdles can be overcome through alternative structural approaches.
