A whale wallet known as GAS…ODM withdrew approximately 331 million Pi coins from trading platforms like OKX and others over the past three months, valued at an estimated $148 million.
Theories are circulating about whether this large withdrawal is a result of a buyback from the core Pi team, or perhaps a precursor to an imminent listing on one of the major platforms.
💡 With the current low supply of Pi, this massive accumulation could pave the way for a potential price explosion if selling pressure continues to decrease.
🪙 Pi coin performance and mysterious whale accumulation
Despite the overall market recovery, the Pi coin has dropped about 70% since May, while most altcoins have risen. However, this whale has not retreated but continued to quietly purchase large quantities.
According to data from Piscan, the wallet has made repeated and deliberate withdrawals from platforms such as OKX, Gate.io, and MEXC.
> 🐋 Information:
A mysterious whale has gathered 331 million $PI coins worth $148.5 million. Some believe it is a strategic buyback for reaccumulation.
And some expect a massive movement soon in the #PiNetwork 🚀
---
👀 Who is behind this wallet?
No one knows who owns the wallet GAS…ODM. Among the prominent theories proposed:
The core Pi team is secretly repurchasing coins.
A large trading platform is preparing for listing and gathering liquidity.
An anonymous investor is hoarding a massive amount of coins in preparation for the official launch.
Crypto user Cobak pointed out that this wallet has become the sixth-largest holder of Pi Network after purchasing 350 million coins (about $125 million) over 4 months.
The pattern is clear: significant withdrawals from OKX and Gate.io, especially during price drops — a classic accumulation strategy.
---
⚠️ Is a supply shock coming?
Of the approximately 7.4 billion Pi coins transferred to the main network, 5.2 billion of them are still locked, meaning the circulating supply currently is only 2.2 billion.
And because the whale GAS…ODM owns 331 million Pi coins, it now holds more than some platforms! This reduces the available supply and could contribute to forming a strong price floor if selling pressure remains low.
---
📉 Pi price struggles to stay
Although the market has seen a 30% increase during the altcoin season, Pi is stuck between support at $0.40 and resistance at $0.50 – $0.52.
Technical indicators show:
RSI in the oversold area
Upward intersection in MACD indicator
💡 If Pi can break the $0.52 barrier, some analysts see the potential to rise towards $0.75 – $0.85, and possibly $1.00 by 2026.
---
🚀 Will we witness a price explosion soon?
Some see the whale's movements as a strong confidence in Pi's future, and it may stimulate developers to be active and launch new applications.
In fact, the number of decentralized Pi applications has exceeded 7,900 applications, with a total of 37.7 million Pi coins accumulated in the Pi ecosystem through Staking.
But some warn that this large concentration in one coin could threaten decentralization and give one party excessive power.
☑️ If it turns out that GAS…ODM belongs to a large trading platform preparing for listing, this event could be the biggest catalyst in Pi's history, in terms of liquidity and investment interest.
If there is a Pi team behind it, this reflects strong internal confidence that the current price is much lower than the real value of the coin.