A certain address has increased its holdings of 331 million PI in the past three months, worth approximately $148.5 million.

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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This address has repeatedly withdrawn large amounts of PI from major trading platforms such as OKX, gate.io, and MEXC, and is now the sixth-largest holder in the Pi Network ecosystem, surpassing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%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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