Major Blockchain Player Secures 331 Million Coins from Digital Exchanges OKX and Gate.io in Pi Network
In the world of cryptocurrency, a mysterious whale known as GAS...ODM has been making waves in the Pi Network. About 5.2 billion Pi coins out of the total 7.4 billion on the mainnet are currently locked, leaving 2.2 billion in circulation. However, this figure could change drastically with the activities of GAS...ODM.
This anonymous wallet has been accumulating Pi coins, amassing approximately 331-350 million Pi coins (valued around $125-$148 million) over the past three to four months, primarily from exchanges like OKX, Gate.io, and MEXC. This accumulation has made GAS...ODM the sixth largest Pi holder.
The identity of the GAS...ODM wallet is still a mystery, with numerous theories circulating. Some speculate it could be an anonymous investor amassing a large stockpile before the Pi Network coin listing on exchanges. Others suggest it might be the Pi Network Foundation performing a stealth buyback, or a big exchange preparing for an upcoming listing of Pi Coin.
The activity pattern of GAS...ODM—steady accumulation even during a 70% Pi price drop, large withdrawals timed with price dips, and off-exchange consolidation—indicates a strategic, long-term intent rather than casual speculation, consistent with typical whale tactics in crypto markets.
The reduced supply due to GAS...ODM's accumulation could create a price floor if selling pressure stays low. If Pi can break above $0.52, analysts predict a possible climb to $0.75-$0.85, and in the best case, $1.00 by 2026.
However, some warn that such a large concentration of Pi could hurt decentralization and give too much power to one entity. The Pi App Studio has hit 7,900 decentralized apps, indicating a thriving ecosystem.
The Pi Network has been struggling to keep up with the crypto market, remaining between $0.40 support and $0.50-$0.52 resistance. The mysterious activities of GAS...ODM could affect Pi's price by potentially sparking developer activity and staking growth.
As the community closely monitors the moves of GAS...ODM, the identity behind this whale remains a mystery, with the potential bullish signal ahead of Pi Network’s wider listing and price dynamics keeping the cryptocurrency world on the edge of its seat.
[1]: Source for the number of Pi coins locked [3]: Source for the activity pattern of GAS...ODM [4]: Source for the value of the coins accumulated by GAS...ODM [5]: Source for GAS...ODM being the sixth largest Pi holder
- In the realm of cryptocurrency, discussions about the potential impact of GAS...ODM's activities extend beyond the Pi Network to other digital assets such as Ethereum and Bitcoin, as investors weigh the implications of high-volume accumulation on the overall finance and investing landscape, particularly within the technology sector.
- As finance experts and analysts evaluate the long-term prospects of Bitcoin and Ethereum, they are keeping a close eye on the strategies employed by whales like GAS...ODM, as their actions could provide valuable insights into market trends and herald potential shifts in the crypto investing landscape, potentially influencing the price dynamics of these major cryptocurrencies.
- Amidst the ongoing debates about the role of whales in driving market trends, the accumulation tactics of GAS...ODM in the Pi Network serve as a diagnostic tool, providing an opportunity for researchers to study technology-driven investing behaviors, which could lead to improved methods for predicting future market movements in other digital assets like Bitcoin and Ethereum.
