Can Pi Coin Hit $1? Binance Rumors and Token Surge Ignite Market Buzz

The Pi Network is back in the spotlight as rumors swirl about a potential listing on Binance. While the exchange hasn’t confirmed anything officially, a recent spike in Pi-related activity has fueled speculation. The most notable development is the sudden injection of 5 billion new PI coins into the circulating supply, bringing the total from 7 billion to 12 billion. Despite this change, major platforms like CoinMarketCap still reflect the old figures, leaving many investors curious—and a bit confused.

Some believe this sharp increase in supply could be a strategic move by the Pi Network team, possibly preparing the groundwork for a major listing. The tokens are thought to come from a liquidity pool, a step that would make sense if the team is aligning operations with exchange listing standards—especially if Binance is the goal.

The excitement hasn't gone unnoticed by the markets. In just 24 hours, PI's price surged by 30%, landing just under the $1 mark at $0.96. Trading volume also exploded, jumping over 160% as momentum picked up across the broader crypto space.

Still, not all analysts are convinced this upward swing is sustainable. Some argue that the newly added supply may have come from previously locked or staked coins that are now accessible—possibly due to users completing their KYC verification. Others suggest it could be a backend update, designed to prepare for future liquidity needs as the ecosystem expands.

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Adding to the intrigue is a scheduled event on May 14, where members of the Pi Network core team are expected to provide updates and possibly clear up the speculation. This announcement may offer insight into both the token’s future and the status of a potential Binance debut.

Despite the bullish activity, technical indicators are sounding alarms. The 4-hour chart shows that PI coin is currently overbought, raising the chances of a near-term pullback. A drop toward $0.70 could be on the horizon before the token can build the momentum needed for a more stable climb.

Chart watchers also note that PI recently broke down from a symmetrical triangle pattern—a formation that usually signals indecision. This adds another layer of uncertainty to the token’s immediate direction. While a small bounce back could follow, a clear breakout above the $0.97 resistance is necessary for the uptrend to become more convincing.

Right now, PI coin is walking a fine line. The fundamentals—new supply, surging volume, and investor excitement—suggest potential. But from a technical standpoint, the coin is on shaky ground. Until we see confirmation of stronger support levels and more solid market signals, the outlook remains cautiously optimistic.

In short, Pi Coin has the eyes of the market on it. Whether it breaks past $1 or faces another correction depends not only on speculation but also on how the next few days unfold—especially with that May 14 announcement looming.