On August 2nd, according to Cointelegraph, a mysterious wallet address named GAS...ODM has accumulated 331 million PI tokens over the past three months, valued at approximately $148.5 million.
This address has repeatedly withdrawn large amounts of PI from major trading platforms such as OKX, gate.io, and MEXC, and is now the sixth-largest holder in the Pi Network ecosystem, surpassing the trading platform wallets of Bitget and MEXC.
During this accumulation period, PI's price dropped by up to 70% from its high in early May, hovering around $0.44 to $0.48 by mid-July. At the time of writing, it was reported at $0.3496, with a 24-hour decline of 13.32%.





