Pi Coin Pumps 11% on Binance Listing Rumors—Test Transactions Spark Frenzy

Whispers of a Pi Coin listing on Binance sent traders into a buying spree—despite zero official confirmation from the exchange. Test transactions spotted on-chain fueled the 11% surge, proving once again that crypto markets run on hopium as much as fundamentals.

Key details: The unverified screenshots show Pi network tokens moving between wallets tagged ’Binance_test.’ Standard procedure for exchanges evaluating new listings, but enough to trigger FOMO among Pi holders desperate for liquidity.

Reality check: Binance hasn’t added a major new coin since Q1, and CEO CZ’s ’careful vetting’ comments suggest the exchange is playing defense with regulators. Pi’s closed mainnet and mining quirks make it a compliance nightmare—exactly what exchanges are avoiding post-2024 crackdowns.

Bottom line: Another day, another speculative pump. Just don’t expect Wall Street’s ’smart money’ to touch this until Pi proves it’s more than a glorified tokenized waiting list.

Is a Binance Listing Imminent? Experts Think so

A popular crypto community researcher known as Moon Jeff noted that a Binance-linked stellar deposit wallet is now active on the Pi mainnet.

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

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 neither Binance nor the Pi Network Core team has issued an official statement, traders are interpreting these moves as a potential prelude to a listing.

Adding to the buzz, Pi Barter Mall—a prominent X Pi community platform—claimed on May 1 that Pi Network is “in final negotiations” with Binance.

PI Coin Price Analysis: Could This Be the Catalyst for a Surge

A Binance listing could be the catalyst Pi Coin needs to complete a breakout from the descending channel forming since its mainnet launch rally.

Since its initial breakout in mid-April, Pi Coin has been range-bound between $0.55 and $0.80, struggling to break higher. It currently stands 65% below the pattern’s $1 target.

This stagnation is largely driven by inflationary pressures. Despite buyer dominance, the MACD line remains in a sidetrend, closely tracking above the signal line.

With $151 million in tokens set to unlock in the next 30 days, according to PiScan data, supply continues to outpace demand, limiting bullish momentum.

That said, the RSI has moved out of oversold territory NEAR 30, reaching 47, signaling a potential momentum shift as it approaches the neutral line at 50.

Looking ahead, May could be pivotal for Pi Coin, with an expected May 14 ecosystem announcement and a showcase at Consensus 2025.

We have seen Binance $PI deposit and withdrawal simulation.
Now PCT has an announcement on the 14th of this month.
Your guess can be as good as mine.
Or even better. #PiNetwork pic.twitter.com/korkEVY6mb

Commentators believe these events could spotlight the Pi Network’s ecosystem, shifting its narrative beyond a highly inflationary, speculative asset with limited use case.

With these stacking catalysts, Pi Coin could break the $1 target, potentially eying further resistance at $1.40 and $1.70.

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