A crypto wallet known as GAS…ODM has accumulated 331 million Pi coins, valued at approximately $148.5 million, over three months amidst a 70% price drop in Pi Coin. This accumulation, characterized by large withdrawals from exchanges such as OKX and Gate.io, suggests a strategic buy rather than casual trading. The wallet is now the sixth-largest holder in the ecosystem, triggering speculation about the motivations behind the accumulation—whether it is for governance influence, staking, or pre-listing positioning. During this period, Pi's price fell significantly, yet sustained whale buying could signal a potential breakout if momentum shifts. Two main theories propose that the wallet might belong to the Pi Core Team or a major exchange quietly stockpiling Pi for a future listing. Consequently, this activity has heightened community engagement and confidence in the Pi Network, although concerns about centralization and market influence persist. If the wallet is tied to an exchange, a future listing could greatly enhance Pi's market presence and trading volume.

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