Speculation is swirling within the cryptocurrency community as a Stellar wallet associated with Binance was discovered holding Pi tokens, raising questions about a potential Pi Network listing. The wallet, identified as GAB…..ZJNL6, reportedly contains 2 PI tokens, verified by blockchain explorers Piscan.io and StellarExpert.
Binance Wallet Activity Fuels Rumors
The connection between Binance and Pi Network gained traction after prominent Pi Network Pioneers highlighted over 294,000 PI transactions processed on Stellar in a span of days. Given that Pi Network leverages the Stellar Consensus Protocol (SCP), the speculation is not unfounded. Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms, Pi uses trust-based “security circles” to validate transactions, aligning it with Stellar’s efficient consensus model.
Also Read: Pi Network Hits 120M Users but Pi Coin Stalls Below $0.60—What’s Next?
Pi Network Mainnet Activation: A Prelude to Listing?
Pi Network recently activated its mainnet wallets for KYC-verified users, a crucial step in making PI tradable and exchange-compatible. This development has fueled further speculation about a potential Binance listing. Notably, when PI initially launched in February 2025, Binance held a community vote to list the token, but ultimately did not proceed despite strong support from users.
Market Reaction and Road Ahead
Is $PI finally coming to Binance?
— MOON JEFF 🪐 (@CRYPTOAD00) May 7, 2025
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
Despite the speculation, there is no official confirmation from Binance or Pi Network regarding a listing. The PI token has seen volatile price action, dropping to an all-time low last month after reaching a peak of $2.99 in February. The altcoin has also faced backlash over its latest roadmap announcement and ongoing KYC challenges. Until more concrete evidence emerges, the rumors surrounding Binance’s involvement with Pi Network remain speculative.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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