Pi Network Whale Snaps Up 331 Million Coins — A Bullish Signal?

Jakarta, Pintu News – A mysterious whale with a GAS…ODM wallet has withdrawn 331 million Pi coins worth $148 million from OKX and other exchanges in the past three months.

Speculations are rife, ranging from buybacks by the core team to the preparation of major exchanges for the upcoming Pi Network listing.

With Pi supply already tight, this large accumulation could set the stage for a price surge if selling pressure remains low.

Who’s Behind this Whale Pi Network?

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The identity of the owner of the GAS…ODM wallet is still a mystery. Various theories have been put forward, ranging from an anonymous investor building up stock before the listing to the Pi Network Foundation making a stealth buyback, or a large exchange preparing for a future listing.

Although there has been no confirmation from any party, an analyst suggested that the listing indication could be a bullish signal and suggested keeping a close eye on this wallet.

The mysterious “GAS…ODM” wallet is now the sixth largest Pi Network holder after accumulating 350 million PI (approximately $125 million) in just four months. This whale pattern, which includes large withdrawals from OKX and Gate.io as well as purchases when the price drops, fits the classic accumulation tactic.

Supply Surprise on the Horizon

Of the approximately 7.4 billion Pi moved to the mainnet, about 5.2 billion are still locked, leaving only 2.2 billion in circulation.

By controlling 331 million coins, GAS…ODM has more Pi than some exchanges. This reduces the available supply, potentially setting a price floor if selling pressure remains low.

These tight supply conditions can trigger price spikes if demand increases. Significant supply reductions like this are often a precursor to bullish price movements, especially if external factors favor the crypto market in general.

Possible Spike in Pi Price

Although the crypto market has risen by about 30% during the altcoin season, the price of Pi is still struggling between $0.40 support and $0.50-$0.52 resistance. Technical indicators show an oversold RSI and a bullish MACD crossover, signaling a potential rebound.

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If Pi can break $0.52, analysts see a possible rise to $0.75-$0.85, and in the best case scenario, reach $1.00 by 2026. Some see this whale movement as a sign of confidence, potentially fueling developer activity and stake growth.

Pi App Studio has reached 7,900 decentralized apps, with 37.7 million Pi coins staked in the ecosystem. However, there are also warnings that a large concentration of Pi in one entity could be detrimental to decentralization and give too much power to one party.

Overall, if GAS…ODM turns out to be a major exchange preparing for listing, this news could be the biggest catalyst in Pi history, instantly increasing liquidity, market access, and investor interest.

If this is a buyback by the core team, it will reflect a strong internal belief that Pi is undervalued and ready to rise.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Pi Network Whale Scoops 331M Coins from OKX and Gate.io. Accessed on August 5, 2025