A recent flurry of blockchain activity has found its way into many social media platforms where people are discussing the possibility of having Pi Network’s native token, PI, on Binance.
Central to the speculation is a Stellar wallet address, which is: GAB…ZJNL6, and a number of blockchain tracking tools have pieced together a Binance connection.
How Is Stellar Wallet Related To PI Coin Rumors?
According to both PiScan and StellarExpert, this wallet had recently contained a small balance of 2 PI tokens. While trivial in itself, the existence of PI in a Binance-linked wallet has become the subject of much attention amongst Pi Network supporters, referred to as “Pioneers,” who are keeping a close eye on Pi Network’s progress towards its transition to mainnet readiness.
Moreover, Stellar blockchain activity has spiked in the extreme, with more than 294,000 PI–related transactions made in the short span of time. Such an uptick comes a few weeks after Pi announced technical and strategic moves that suggest more and more exchanges are becoming compatible with the network.
It is designed to be energy efficient and leans on a consensus model based on the Stellar Consensus Protocol (SCP). The focus of this approach is on social trust, not the traditional computational mining-based approach. Further, it supports a lightweight, scalable validation mechanism that is applicable to smartphones.
SCP-based framework fits naturally with Stellar ecosystem and helps to create a seamless environment for testing wallet functionality and simulating real-world transaction scenarios. As more developers are utilizing Stellar’s infrastructure to these purposes, this may be a sign of progress in getting PI ready for a potential exchange listing, as mentioned in our last report.
Will Binance List Pi Network PI Coin?
Adding to the rumors, Pi Network recently turned on mainnet wallet features for those who did KYC. This is a critical step in bringing the project out of the app-based closed ecosystem and into the mainnet wallets, bringing the project closer to tradability. This allows verified users to send the tokens out of the app.
Meanwhile, despite robust user support from the community, Binance, which once hosted a community poll on listing PI for February 2025, still hasn’t followed through. But since then, PI’s price volatility has been immense with a sharp drop from a $2.99 high in February. A combination of criticism around delays in rolling out a KYC product and dissatisfaction with parts of the roadmap have played a role in waning investor confidence, as highlighted in our previous report.
However, the new speculation was prompted by the link between a Binance-tagged wallet and PI transactions, despite no Binance or Pi Network statements on the matter. For the time being, Pi supporters are looking forward to volatility due to the upcoming 231 million PI token unlock. While the increase in supply could cause a drastic downturn, in case the listing rules come true, the situation could stabilize.