Data: A certain address has increased its holdings of 331 million PI in the past three months, equivalent to approximately US$148.5 million

According to ChainCatcher, Cointelegraph disclosed that in the past three months, a mysterious wallet address named GAS...ODM has accumulated 331 million PI coins, worth approximately US$148.5 million.

This address has withdrawn large amounts of PI from major trading platforms such as OKX, Gate.io, and MEXC dozens of times, and is now the sixth largest holder in the Pi Network ecosystem, surpassing the trading platform wallet balances of platforms such as Bitget and MEXC.

During the period of accumulation by this address, the price of PI plummeted by as much as 70% from its peak in early May, hovering between $0.44 and $0.48 by mid-July. As of press time, it was trading at $0.3496, a 24-hour drop of 13.32%.