Pi Network Price Jumps as Binance Wallet Fuels Listing Speculation

By: thebitjournal|2025/05/09 02:00:07
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Speculation over a potential Binance Pi Network listing has intensified following blockchain activity linked to Binance’s Stellar wallet, just days before a significant Pi Network ecosystem update scheduled for May 14. While no official statements have been released by either party, the combination of test transfers and timing has prompted a surge of interest among Pi community members and crypto observers. Onchain Activity Fuels Rumors On May 7, onchain analyst Moon Jeff reported via X (formerly Twitter) that small amounts of PI Coin were seen moving through a Stellar-based wallet associated with Binance. The wallet has a history of handling Stellar-based assets and was previously active during Pi Network’s testnet phase when the protocol still operated on a variant of the Stellar Consensus Protocol (SCP). Moon Jeff’s tweet quickly gained traction, triggering widespread speculation that integration testing could be underway. The wallet in question, used by Binance to manage Stellar deposits, resurfacing in conjunction with recent PI activity is viewed by many as a possible signal of internal preparations for Pi Coin onboarding. Given the architectural similarities between Stellar and Pi’s infrastructure, such a connection isn’t entirely far-fetched. Binance and Pi Network Stay Silent Despite the mounting buzz, Binance has not confirmed any such listing. Similarly, the Pi Core Team has avoided specifics. On May 8, they posted a cryptic teaser on X, stating only that ecosystem updates were on the horizon. This has done little to quell expectations, especially in light of the past hints of exchange discussions from within the community. This pattern of non-disclosure is typical of major listing negotiations. Exchanges like Binance often avoid publicizing integration steps until due diligence, technical evaluations, and regulatory reviews are complete. Market Optimism Meets Caution The price of PI has reflected the growing interest. As of press time, PI was trading at approximately $0.62, up 7% in the last 24 hours. Trading volume also saw a dramatic increase. Short-term technical indicators such as moving averages and momentum metrics like RSI and MACD suggest a mild bullish trend. Analysts predict that if PI breaks above the $0.68 resistance, the token could edge toward the $0.75 mark in the short term. Still, risks remain. More than 1.4 billion PI tokens are scheduled for unlocking over the next year, including 231 million this month alone. This surge in circulating supply could weigh heavily on prices unless there is a parallel growth in demand, either through adoption or major listings like Binance. Community Sentiment and Prior Listing Efforts The Pi Network community has long pushed for a Binance listing. A previous community vote on Binance’s platform showed that 86% of users supported a PI listing, placing it among the most anticipated assets yet to be featured. Although currently listed on exchanges like Bitget and OKX, PI’s absence on top-tier platforms like Binance and Coinbase has been a point of contention among community members. The recent wallet activity has re-energized that base. Community-run forums and Telegram groups are now abuzz with theories and countdowns to May 14, which many believe could serve as the official unveiling of Pi’s open mainnet or a coordinated listing announcement. Industry Experts Weigh In Blockchain analyst Rachel Lin from SynFutures commented to CryptoSlate that “if Binance is indeed preparing to support PI, even for custodial or transfer purposes, it could signal validation for the network’s design maturity and growing user base.” Similarly, digital asset consultant Louis Abrahams noted, “Given the compatibility between Pi and Stellar’s architecture, Binance could be evaluating infrastructure integration without making a full listing commitment just yet.” Any Binance Pi Network listing would not only be a technical undertaking but also subject to regional compliance. Binance, which recently faced regulatory crackdowns in the U.S. and Europe, is known to tread cautiously in onboarding new assets. Pi Network itself has yet to open full access to its mainnet, citing ongoing Know Your Customer (KYC) verifications and ecosystem readiness. That closed-mainnet status has previously limited PI’s liquidity and presence on major exchanges. If the May 14 update lifts these restrictions, it could boost the token’s appeal to centralized platforms. Final Thoughts The convergence of wallet movements, market dynamics, and a high-profile upcoming update has fixed Pi Network at the center of speculative momentum. While it remains uncertain whether Binance will officially list PI, the signals suggest that some form of operational alignment is at least being explored. As May 14 approaches, market participants and observers will be watching closely for any definitive moves. Advertisement Banner FAQs Is Pi Network being listed on Binance? As of now, there is no official confirmation. However, recent wallet activity linked to Binance has intensified speculation that PI may soon be listed. Why are people linking Stellar wallets to Pi Network? Pi Network initially used a version of Stellar’s consensus protocol during its testnet phase. Binance’s Stellar-compatible wallet recently showed PI transactions, raising integration questions. When is Pi Network’s ecosystem update? Pi Network’s next major ecosystem update is scheduled for May 14, 2025. Many expect major announcements, possibly including listings or open mainnet plans. What’s the current price of PI Coin? At the time of writing, PI is trading at around $0.62, with a 24-hour gain of 7%. What risks are associated with PI right now? Over 1.4 billion PI tokens are set to be unlocked within the next year, which could suppress prices if not matched by increased adoption or exchange listings. Glossary Binance : One of the world’s largest cryptocurrency exchanges by trading volume. Known for listing new tokens and providing global crypto services. Pi Network : A mobile-first blockchain project that began in 2019 and aims to make crypto mining accessible through smartphones. Mainnet : The final, live version of a blockchain where actual transactions take place and tokens have real-world value. Testnet : A testing version of a blockchain where developers and users can experiment without risking real assets. Stellar Consensus Protocol (SCP) : A consensus mechanism used by the Stellar network, known for its speed and low-cost transactions. MACD : A technical indicator used to analyze price momentum and trends. Relative Strength Index (RSI) : An indicator used to determine whether a crypto asset is overbought or oversold. Token Unlock : The release of locked or vested tokens into the circulating supply, which can impact market prices. Sources Moon Jeff on X Pi Network Official Crypto.news The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information. Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means. For advertising inquiries, please email . [email protected] or Telegram Sign Up For Daily Newsletter I have read and agree to the terms & conditions

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Before using Musk's "Western WeChat" X Chat, you need to understand these three questions

The X Chat will be available for download on the App Store this Friday. The media has already covered the feature list, including self-destructing messages, screenshot prevention, 481-person group chats, Grok integration, and registration without a phone number, positioning it as the "Western WeChat." However, there are three questions that have hardly been addressed in any reports.


There is a sentence on X's official help page that is still hanging there: "If malicious insiders or X itself cause encrypted conversations to be exposed through legal processes, both the sender and receiver will be completely unaware."


Question One: Is this encryption the same as Signal's encryption?


No. The difference lies in where the keys are stored.


In Signal's end-to-end encryption, the keys never leave your device. X, the court, or any external party does not hold your keys. Signal's servers have nothing to decrypt your messages; even if they were subpoenaed, they could only provide registration timestamps and last connection times, as evidenced by past subpoena records.


X Chat uses the Juicebox protocol. This solution divides the key into three parts, each stored on three servers operated by X. When recovering the key with a PIN code, the system retrieves these three shards from X's servers and recombines them. No matter how complex the PIN code is, X is the actual custodian of the key, not the user.


This is the technical background of the "help page sentence": because the key is on X's servers, X has the ability to respond to legal processes without the user's knowledge. Signal does not have this capability, not because of policy, but because it simply does not have the key.


The following illustration compares the security mechanisms of Signal, WhatsApp, Telegram, and X Chat along six dimensions. X Chat is the only one of the four where the platform holds the key and the only one without Forward Secrecy.


The significance of Forward Secrecy is that even if a key is compromised at a certain point in time, historical messages cannot be decrypted because each message has a unique key. Signal's Double Ratchet protocol automatically updates the key after each message, a mechanism lacking in X Chat.


After analyzing the X Chat architecture in June 2025, Johns Hopkins University cryptology professor Matthew Green commented, "If we judge XChat as an end-to-end encryption scheme, this seems like a pretty game-over type of vulnerability." He later added, "I would not trust this any more than I trust current unencrypted DMs."


From a September 2025 TechCrunch report to being live in April 2026, this architecture saw no changes.


In a February 9, 2026 tweet, Musk pledged to undergo rigorous security tests of X Chat before its launch on X Chat and to open source all the code.



As of the April 17 launch date, no independent third-party audit has been completed, there is no official code repository on GitHub, the App Store's privacy label reveals X Chat collects five or more categories of data including location, contact info, and search history, directly contradicting the marketing claim of "No Ads, No Trackers."


Issue 2: Does Grok know what you're messaging in private?


Not continuous monitoring, but a clear access point.


For every message on X Chat, users can long-press and select "Ask Grok." When this button is clicked, the message is delivered to Grok in plaintext, transitioning from encrypted to unencrypted at this stage.


This design is not a vulnerability but a feature. However, X Chat's privacy policy does not state whether this plaintext data will be used for Grok's model training or if Grok will store this conversation content. By actively clicking "Ask Grok," users are voluntarily removing the encryption protection of that message.


There is also a structural issue: How quickly will this button shift from an "optional feature" to a "default habit"? The higher the quality of Grok's replies, the more frequently users will rely on it, leading to an increase in the proportion of messages flowing out of encryption protection. The actual encryption strength of X Chat, in the long run, depends not only on the design of the Juicebox protocol but also on the frequency of user clicks on "Ask Grok."


Issue 3: Why is there no Android version?


X Chat's initial release only supports iOS, with the Android version simply stating "coming soon" without a timeline.


In the global smartphone market, Android holds about 73%, while iOS holds about 27% (IDC/Statista, 2025). Of WhatsApp's 3.14 billion monthly active users, 73% are on Android (according to Demand Sage). In India, WhatsApp covers 854 million users, with over 95% Android penetration. In Brazil, there are 148 million users, with 81% on Android, and in Indonesia, there are 112 million users, with 87% on Android.



WhatsApp's dominance in the global communication market is built on Android. Signal, with a monthly active user base of around 85 million, also relies mainly on privacy-conscious users in Android-dominant countries.


X Chat circumvented this battlefield, with two possible interpretations. One is technical debt; X Chat is built with Rust, and achieving cross-platform support is not easy, so prioritizing iOS may be an engineering constraint. The other is a strategic choice; with iOS holding a market share of nearly 55% in the U.S., X's core user base being in the U.S., prioritizing iOS means focusing on their core user base rather than engaging in direct competition with Android-dominated emerging markets and WhatsApp.


These two interpretations are not mutually exclusive, leading to the same result: X Chat's debut saw it willingly forfeit 73% of the global smartphone user base.


Elon Musk's "Super App"


This matter has been described by some: X Chat, along with X Money and Grok, forms a trifecta creating a closed-loop data system parallel to the existing infrastructure, similar in concept to the WeChat ecosystem. This assessment is not new, but with X Chat's launch, it's worth revisiting the schematic.



X Chat generates communication metadata, including information on who is talking to whom, for how long, and how frequently. This data flows into X's identity system. Part of the message content goes through the Ask Grok feature and enters Grok's processing chain. Financial transactions are handled by X Money: external public testing was completed in March, opening to the public in April, enabling fiat peer-to-peer transfers via Visa Direct. A senior Fireblocks executive confirmed plans for cryptocurrency payments to go live by the end of the year, holding money transmitter licenses in over 40 U.S. states currently.


Every WeChat feature operates within China's regulatory framework. Musk's system operates within Western regulatory frameworks, but he also serves as the head of the Department of Government Efficiency (DOGE). This is not a WeChat replica; it is a reenactment of the same logic under different political conditions.


The difference is that WeChat has never explicitly claimed to be "end-to-end encrypted" on its main interface, whereas X Chat does. "End-to-end encryption" in user perception means that no one, not even the platform, can see your messages. X Chat's architectural design does not meet this user expectation, but it uses this term.


X Chat consolidates the three data lines of "who this person is, who they are talking to, and where their money comes from and goes to" in one company's hands.


The help page sentence has never been just technical instructions.


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