Pi Network's Stellar Transactions Spark Binance Listing Speculation

Coin WorldWednesday, May 7, 2025 6:27 pm ET
1min read

Speculation is rife within the cryptocurrency community regarding a potential listing of Pi Network (PI) on Binance. This buzz is fueled by several recent developments, particularly involving Stellar-based transactions and on-chain activities.

One of the key factors driving these rumors is the identification of a Stellar wallet address, GAB….. ZJNL6, which is believed to be associated with Binance. This wallet was found to hold 2 PI tokens, as verified by blockchain explorers Piscan.io and StellarExpert. The presence of PI tokens in a Binance-linked wallet has sparked considerable interest and speculation about the exchange's involvement with the Pi ecosystem.

Adding to the intrigue, over 294,000 PI transactions were processed on Stellar within a short period. This high volume of transactions has led many to believe that these activities could be indicative of pre-listing preparations. The technical framework of Pi Network, which uses a mining method inspired by the Stellar Consensus Protocol (SCP), further supports this theory. This protocol allows for energy-efficient validation through trust-based "security circles," aligning with Pi's mobile-first, user-centric model and making Stellar a logical platform for transaction testing and wallet integration.

Another significant development is the recent activation of Pi Network's mainnet wallets for KYC-verified users. This milestone is crucial as it makes PI tradable and exchange-compatible, bringing the token one step closer to potential listings on major exchanges like Binance. The combination of these factors—blockchain activity, wallet movement, and protocol compatibility—provides a plausible basis for the rumors surrounding a potential Binance listing.

Despite the excitement, it is important to note that there has been no official confirmation from either Binance or Pi Network regarding a listing. Previous attempts to list PI on Binance, such as a community vote held in February 2025, did not result in the token being listed on the exchange. Additionally, PI has faced criticism over its latest roadmap announcement and KYC challenges, which have impacted its market performance.

In conclusion, while the potential for a Binance listing of Pi Network has generated significant excitement within the cryptocurrency community, it is essential to await official announcements for clarity. The ongoing developments and the adoption of innovative protocols position Pi Network uniquely within the crypto ecosystem. Future updates from both Binance and Pi Network will be crucial in determining the next steps for this potential collaboration.