A whale wallet known as GAS…ODM has withdrawn approximately 331 million Pi coins from exchanges like OKX and others over the past three months, worth an estimated $148 million.
Theories circulate as to whether this large drawdown is the result of a buyback by Pi's Core Team, or perhaps a prelude to an imminent listing on one of the major exchanges.
💡 With Pi currently in short supply, this massive accumulation could pave the way for a potential price explosion if selling pressure continues to decline.
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🪙 Pi Coin Performance and Mysterious Whale Accumulation
Despite the overall market recovery, Pi has fallen by about 70% since May, while most altcoins have surged. However, this whale has not retreated, and has quietly continued to buy massive amounts.
According to data from Piscan, the wallet has made frequent and deliberate withdrawals from platforms such as OKX, Gate.io, and MEXC.
> 🐋 Information:
A mysterious whale has accumulated 331 million tokens (approximately $148.5 million). Some believe this is a strategic purchase to re-accumulate.
There are those who expect a huge movement soon in the#PiNetwork🚀
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👀 Who is behind this wallet?
No one knows who owns the GAS…ODM wallet. The most prominent theories proposed are:
Pi core team is conducting a secret buyback of coins.
A large trading platform is preparing for listing and gathering liquidity.
An anonymous investor is hoarding a huge amount of coins in preparation for the official launch.
Crypto user Cobak noted that this wallet has become the sixth largest holder of Pi Network after purchasing 350 million coins (about $125 million) in four months.
The pattern is clear: large withdrawals from OKX and Gate.io, especially during periods of price decline — a classic accumulation strategy.
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⚠️ Supply shock coming?
Of the approximately 7.4 billion Pi coins that have been transferred to the mainnet, 5.2 billion of them are still locked, meaning the current circulating supply is only 2.2 billion.
Because the GAS…ODM whale owns 331 million Pi coins, he now owns more than some exchanges! This reduces the available supply and could contribute to a strong price floor if selling pressure remains low.
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📉 Pi price struggles to survive
Although the market has seen a 30% rise during the altcoin season, Pi is stuck between the $0.40 support and the $0.50-$0.52 resistance.
Technical indicators show:
RSI in oversold zone
MACD bullish crossover
💡 If Pi can break through the $0.52 barrier, some analysts see the potential for a rise towards $0.75-$0.85, and possibly $1.00 by 2026.
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🚀 Will we see a price explosion soon?
Some see the whale's movements as a reflection of strong confidence in Pi's future, and may encourage developers to become more active and launch new applications.
In fact, the number of Pi dApps has exceeded 7,900, and the Pi ecosystem has accumulated 37.7 million Pi coins via staking.
But some warn that this excessive concentration in a single currency could threaten decentralization and give one party excessive power.
☑️ If it turns out that GAS…ODM belongs to a major exchange preparing for listing, this event could be the biggest catalyst in Pi's history, in terms of liquidity and investment interest.
If the Pi team is behind it, this reflects strong internal confidence that the current price is much lower than the true value of the currency.
