Mystery Whale Wallet, Gas…ODM has withdrawn $148 million worth of 331m PI coins from OKX and other exchanges over the past three months.
The theory swirls from the core team buyback to the main exchanges preparing the PI network list.
With PI supply already solid, such a massive buildup could set a potential breakout stage if sales pressure is low.
Pi Coin is in a slump, and even if other Altcoins recover, it has fallen by nearly 70% since May. However, one mysterious player has not retreated. For the past three months, the wallet known as Gas…ODM has quietly snapped 331 million PI coins worth around $148.5 million. These purchases are not random. Data from Piscan shows repeated, well-restricted drawers from top exchanges such as OKX, Gate.io, MEXC.
insight: Mystical Whale Accumulated 331m $pi💰
It snatched $148.5M. Speculators are hoping to make strategic buybacks.
I'm going to see the big moves of #pinetwork soon 🚀🚀🚀
To get a surprise reward from the @picoleupdates team, drop the #pinetwork username below…pic.twitter.com/d5jbzef0dw
– PI Core Update (@picoleUpdates) August 4, 2025
Who is behind the whale?
No one knows who owns the gas… ODM. The scope of the theory is as follows:
- Pi Core Team secretly buys back tokens to reduce supply and stabilize prices.
- A large exchange is building liquidity ahead of a highly planned PI list.
- Anonymous investors stockpile for long-term profits prior to the official launch of PI.
Crypto user Cobak emphasized that after scooping up 350m PI (~$125 million) in just four months, the mystery wallet “Gas…ODM” has become the PI network's sixth largest owner. Whale patterns, large withdrawals from okx and gate.io, easy to buy during prices falls, coincides with classic accumulation tactics.
The owner remains unknown, but theory ranges from anonymous investors to build pre-listed stashes beforehand before a PI Network Foundation that offers quiet buybacks, or major exchanges that prepare future listings. The party has not confirmed anything, but analysts point out that the hints on the list are bullish and urge watchers to look to their wallets.
It shocks manufacturing
Of the approximately 7.4 billion pi, it moved to the mainnet, leaving only 2.2 billion in circulation, leaving around 5.2 billion in lockdown. With 331 million coins under control, Gas…ODM holds more PIs than some exchanges. This reduces available supply and makes price range settings potential when sales pressure is low.
Pi prices are struggling to keep up
The Crypto market won around 30% during the AltCoin season, but PI fell into resistance of $0.50-$0.52 from $0.40 support. Currently, the technical technology shows sales RSI and bullish MACD crossover, suggesting potential rebounds. If the PI is likely to exceed $0.52, the analyst will have a climbing chance of $0.75-0.85, and at best it will be $1.00 by 2026.
Are there breakouts on the horizon?
The whale movement sparks developer activity and some view it as a potential vote of growth. Pi App Studio has already hit 7,900 decentralized apps, with 37.7 million PI coins immersed in the ecosystem. Others warn that such large PI concentrations can undermine decentralization and give too much power to one entity.
Gas…If it turns out that ODM is the main exchange to prepare your list. This news is the only biggest catalyst in PI's history and instantly boosts liquidity, market access and investor interest. If it's a core team buyback, it reflects a strong internal belief that the PI is undervalued and ready for a conversion.
