Using fly ash as a raw material to synthesize zeolite is an effective way to obtain cheap adsorbent. However, the high energy consumption of activating the insoluble silica-alumina phase of fly ash limits its practical application. In this study, a low-energy, wet-grinding hydrothermal method was used to activate the insoluble phase of fly ash to synthesize zeolite P, and the adsorption capacity of zeolite for lead ion in solution was studied. Wet-grinding can reduce fly ash particle size to nanometer scale and break long-chain Q4(Al) into short-chain low-polymer. Without aging, the activated material could directly synthesize zeolite P with a relative crystallinity of 89.37 %. Compared with the common alkali-fusion method, the wet-grinding method reduced energy consumption by 45.93 % and increased synthetic zeolite relative crystallinity by 7.51 %. The synthesized zeolite P could effectively remove Pb2+ ions from solution through ion exchange and hydroxyl reaction, and the adsorption capacity reached 497.01 mg/g.