- Pi Coin surged over 13% following an unexpected 5 billion token supply spike and growing speculation of a Binance listing, with test transactions spotted on a known Binance wallet.
- Despite inflation concerns, the market remains focused on Pi Network’s major May 14 ecosystem update, which has already triggered a $500 million market cap boost.
The Pi Network has ignited intense market chatter after a stunning 5 billion token surge appeared overnight—sending Pi Coin soaring and sparking rumors of a long-awaited Binance listing.
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Massive Supply Spike Raises Eyebrows
Without warning from Pi Network’s core team, screenshots circulating online reveal a ballooning of Pi’s circulating supply from 7 billion to nearly 12.7 billion. This unprecedented move—still unconfirmed officially—has left the community split. While some see it as preparation for upcoming liquidity events, such as exchange listings or post-KYC token unlocks, others suspect a backend glitch.
The circulating supply has surged by around 5 billion — from 7 billion to 12 billion — while the available supply on CEXs remains unchanged. This increase likely comes from the 5 billion Pi liquidity pool, possibly in preparation for a major exchange listing. And when I say… pic.twitter.com/7wqkogcZR5
— Dr Altcoin (@Dr_Picoin) May 8, 2025
Despite this sharp increase, centralized exchange balances have moved only slightly, rising by just 2 million Pi. This implies that the new tokens may still be locked, unverified, or awaiting distribution.
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Binance Listing Buzz Builds
Adding fuel to the fire, on-chain analysts identified fresh activity linked to a known Binance wallet address on the Pi mainnet. The wallet—previously used for Stellar deposits—has begun processing small test transactions. These appear to include KYC and KYB verification steps, a common precursor to official exchange support.
While Binance has made no official announcement, sources within the Pi community claim that “final negotiations” are underway. A listing on Binance would be a pivotal moment for Pi, providing deep liquidity and a boost in credibility for a project often dismissed by skeptics.
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Price Action Heats Up as May 14 Approaches
Pi Coin has surged over 13% in the last 24 hours, currently trading around $0.73. The price action follows a month of sideways consolidation, with strong support established between $0.40 and $0.80.
Technical analysts are watching the $0.80 level closely—an area of key resistance. If Pi breaks above this threshold, the next target sits at $0.92, where the token previously found support following its launch. With RSI indicators nearing overbought territory but not yet maxed out, bullish momentum may still have room to run.
The market, despite looming concerns over inflation and a $151 million token unlock, seems more focused on the high-stakes May 14 ecosystem update—a teaser that alone pumped Pi’s market cap by $500 million overnight.
As anticipation builds, traders are positioning for what could be Pi’s most defining week yet.
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