Whale Mysteriously Hoards 331 Million Pi Coins — Is a Major Pi Network Listing Just Around the Corner?

Jakarta, Pintu News – In recent months, the Pi Network (PI) community has been buzzing about a mysterious wallet known by the address GAS…ODM.

In just three months, the wallet has collected more than 331 million Pi coins, which are currently worth around $148.5 million.

This continued coin collection comes amidst a sharp decline in the price of Pi, which has dropped by more than 70% from its peak in May. This move sparked various speculations and interpretations among the community.

Who owns the Whale Wallet that holds over 330 million Pi coins?

According to data from Piscan, this mysterious whale wallet has consistently withdrawn Pi coins from exchanges such as OKX, Gate.io, and MEXC over the past three months.

Read also: Pi Network Soars 10% Today (July 22) — Is This the Start of a Massive Comeback Rally?

Although Pi’s price continued to decline and it did not join the July altcoin season, the wallet has been actively collecting coins.

Data shows that the wallet has made a number of large transactions, withdrawing millions of Pi coins in just the last few days.

Currently, the wallet holds more than 331 million Pi coins, with a value of approximately $148.5 million. The wallet’s balance has even surpassed those of the Gate.io, Bitget, and MEXC exchanges. It now ranks 6th out of the 17 largest Pi Network whale wallets.

Pi Network Core Team Silent

Many speculate that this wallet does not belong to an ordinary user. Some believe that it is linked to the Pi Core Team (PCT), the official group of developers behind the Pi Network.

There are suggestions that this is a buyback wallet-whichis used to buy back tokens during unlock periods to stabilize prices and manage supply.

“The ‘ODM’ wallet is now accumulating PI at an unprecedented rate… This is most likely a buyback wallet allegedly owned by the PCT team,” Pi News reported.

However, this aggressive accumulation also coincided with rising market expectations of the possibility of Pi being listed on an exchange soon. This fueled another speculation that the “ODM” may belong to an exchange that is preparing liquidity for Pi’s launch.

“This shows that there are whales accumulating Pi. This also fuels speculation that major exchanges are preparing for Pi’s listing,” investor Kim H Wong predicted.

To date, no exchange has officially confirmed that the wallet belongs to them. The Pi Core Team is also still silent on the wallet’s activities.

Read also: Dogecoin Price Prediction: DOGE Breaks Cup & Handle Pattern – Ready to Rocket up to 165%?

Pi Network Down 30% from Last Month’s Highest Price

Regardless of who owns it, this massive accumulation has provided a sense of optimism for Pi holders, especially since the Pi price appeared to move in the opposite direction of the altcoin season trend in July.

On July 21, the Pi price stabilized at around $0.44-down more than 30% from last month’s high.

In contrast, the market capitalization of altcoins (TOTAL3) jumped by about 30% over the same period, from $800 billion to over $1 trillion.

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Reference:

• BeInCrypto. Pi Network Whale Accumulation. Accessed on July 22, 2025