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A mystery whale pockets, GAS…ODM, has withdrawn 331M Pi money worth $148M from OKX and other exchanges over the final three months.
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Theories swirl from a Core Crew buyback to a prime replace prepping for a Pi Network itemizing.
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With Pi offer already tight, such extensive accumulation might per chance perchance space the stage for a doubtless breakout if promoting rigidity stays low.
Pi Coin has been in a lunge, shedding nearly 70% since Could per chance well, even as other altcoins enjoy rallied. But one mysterious player isn’t backing down. All the method in which by the final three months, a pockets is known as GAS…ODM has quietly snapped up 331 million Pi money worth about $148.5 million. These buys aren’t random; data from Piscan shows repeated, effectively‑timed withdrawals from top exchanges like OKX, Gate.io, and MEXC.
🐋INSIGHT: A mysterious whale gathered 331M $PI 💰
That is $148.5M snatched up. Speculators reveal a strategic buyback.
We are going to demand the extensive circulate in #PiNetwork very quickly 🚀🚀
Drop your #PiNetwork username below to catch some shock rewards from @PiCoreUpdates personnel… pic.twitter.com/D5JbZeF0dw
— Pi Core Updates (@PiCoreUpdates) August 4, 2025
Who’s At the succor of the Whale?
No person is conscious of who owns GAS…ODM. Theories fluctuate from:
- Pi Core Crew is secretly purchasing for succor tokens to diminish offer and stabilize the impress.
- A serious replace is constructing liquidity earlier than a vital‑anticipated Pi itemizing.
- An nameless investor is stockpiling for lengthy‑duration of time gains sooner than Pi’s legit originate.
Crypto person, Cobak, highlighted that the mystery pockets “GAS…ODM” has change into Pi Network’s sixth-largest holder after scooping up 350M PI (~$125M) in merely four months. The whale’s pattern, mammoth withdrawals from OKX and Gate.io, with buys all over impress dips, matches traditional accumulation ways.
The owner stays unknown, however theories fluctuate from an nameless investor constructing a pre-itemizing stash to the Pi Network Foundation conducting a quiet buyback, or a prime replace making ready for a future itemizing. While no occasion has confirmed something else, an analyst notes that a itemizing hint might be bullish and urges watchers to withhold an spy on the pockets.
Provide Shock within the Making
Out of roughly 7.4 billion Pi moved to the mainnet, about 5.2 billion remain locked, leaving merely 2.2 billion in circulation. With 331 million money below its administration, GAS…ODM holds more Pi than some exchanges. This reduces available offer, doubtlessly setting a impress floor if promoting rigidity stays low.
Pi Tag Struggling to Help Up
While the crypto market won about 30% all over altcoin season, Pi has been stuck between $0.40 toughen and $0.50–$0.52 resistance. Technicals now demonstrate an oversold RSI and a bullish MACD crossover, hinting at a doubtless rebound. If Pi can destroy above $0.52, analysts demand a likely climb to $0.75–$0.85, and in doubtlessly the most titillating case, $1.00 by 2026.
Could per chance well a Breakout Be on the Horizon?
Some demand the whale’s strikes as a vote of self assurance, doubtlessly sparking developer exercise and staking enhance. Pi App Studio has already hit 7,900 decentralized apps, with 37.7 million Pi money staked within the ecosystem. Others warn that this kind of mammoth focus of Pi might per chance perchance hurt decentralization and give too vital energy to one entity.
If GAS…ODM appears to be like to be to be a prime replace making ready for a itemizing. The news might be the single largest catalyst in Pi’s history, straight boosting liquidity, market catch admission to, and investor ardour. If it’s a Core Crew buyback, it would judge sturdy interior conviction that Pi is undervalued and poised for a turnaround.
