Pi Network’s native token, PI, surged 11% today, climbing from $0.60 to $0.65 as daily trading volume more than doubled to over $100 million. The sharp uptick comes amid renewed speculation that leading crypto exchange Binance is preparing to list the token.
Market observers noted a series of small test transfers on Binance’s Stellar deposit wallets linked to Pi’s mainnet earlier this week. One such transaction—just one PI token—was widely interpreted as part of Know Your Customer and Know Your Business checks, a common precursor to formal exchange listings. Community platform Pi Barter Mall added fuel to the fire, suggesting that negotiations with Binance have entered their “final stage.”
Interest in Pi Coin has been building ahead of a major ecosystem announcement scheduled for May 14, 2025, timed to coincide with the opening day of Consensus Summit 2025 in Toronto. Dr. Nicolas Kokkalis, co-founder of Pi Network, is slated to speak at the event, hinting that significant developments may be unveiled.
Technically, $0.65 stands out as a key resistance level for PI. A decisive break above it could clear the path toward $1.00, with potential to revisit its February 2025 peak of $3.00. Despite today’s gains, the token remains roughly 80% below that high, underscoring both its volatility and the market’s cautious optimism.
With eyes on both the upcoming ecosystem update and the prospect of a Binance listing, traders are advised to monitor official announcements closely. The coming days may prove critical in determining whether Pi Coin’s momentum can sustain itself and fuel a broader rally.