As a result, Pi Network (PI), now up to $0.7225, is having some explosive price action. On May 10, 2025, the cryptocurrency hit a new daily low of -3.50%. It had skyrocketed an astounding 30% in the two days prior to that decline. Investors and financial analysts are salivating over this volatility. The arrival of a large Pi coin holder, along with news of a possible Binance listing, piqued their interest.

This recent price action has been pumped further by a confluence of factors such as short squeeze and technical indicators (overbought) coupled with wild market speculation. From May 8 to 9, 2025, two bullish engulfing candles were seen. This bullish pattern indicated significant buying interest and helped to fuel a quick price surge. This bullish pattern together with other market dynamics indicates there is potential for even more upward movement.

Whale Accumulation Sparks Market Interest

The Pi Network adherents of the ecosystem are pounding hype over the stunning born out undertaking. It turns out that one person has received a truly mind-blowing 155 million Pi coins in one wallet! The wallet, known by the address GASWBDATCXXIUGHR7DWSFAAONZB2L5NFMBTDCYQQ2TQLRQNCTKJ2AODM, purchased 70,000,000 Pi coins from the centralized exchange OKX. This large allocation, however, has left the great Ethereum community at large speculating as to the identity and plans of this wallet’s owner.

The extensive-scale withdrawal of Pi coins from the crypto exchange OKX has sparked speculations that the wallet is linked to Binance. As Binance appears to be preparing for a Pi Network listing, speculation increases. This action builds right into their new token listing guidelines. If Binance were to list Pi Network, it could significantly increase the coin's visibility and accessibility, potentially driving up demand and price.

Technical Analysis Points to Further Upside

From a technical analysis standpoint, Pi Network’s price chart shows very bullish signals. This resilient V-shaped reversal from $0.40 to $0.77, dubbed Adam, is considered an indicator of a powerful bullish recovery. Only after this, the beautifully arching reversal “Eve” suggests the possibility of still more advances. Neckline The neckline for Pi Network is stable around $0.77, an area forming a level of interest where future breakouts should be expected.

The 50 and 100 exponential moving averages (EMAs) have crossed over to the positive. This is a very bullish signal, typically seen right before big upward price movements. These technical indicators combined with the recent observed market activity indicate that Pi Network still has a long way to go before reaching these price levels. Other analysts even project an upside of as much as 100%.

Binance Listing Rumors Add to the Hype

The anticipation for a possible Binance listing, fueled by these rumors, has created an unparalleled level of excitement in the Pi Network community. Binance, one of the top cryptocurrency exchanges in the world, is recognized for its strict token listing criteria. A listing on Binance would not only provide Pi Network with increased liquidity and trading volume but enhance its credibility and exposure to a broader investor base.

As of publication time, Binance had not responded to Pi Network’s listing announcement. The speculation around it has even more fueled interest and investment in the coin itself. With a Binance listing possibly just over the horizon, combined with strong bullish technical indicators and whale accumulation, this creates the perfect environment for a powerful bullish surge for Pi Network’s price.