Why a mystery whale is quietly accumulating 331 million Pi coins
Main Idea
A mysterious crypto wallet, GAS…ODM, has accumulated 331 million Pi coins worth approximately $148.5 million, sparking speculation about its intentions and potential impact on the Pi Network market.
Key Points
1. The GAS…ODM wallet has amassed 331 million Pi coins over three months, becoming the sixth-largest holder in the Pi Network ecosystem.
2. The wallet's activity intensified during price dips, suggesting a long-term holding strategy rather than short-term trading.
3. Pi's price dropped 30%-70% during the accumulation period, with technical indicators hinting at a potential breakout if whale buying continues.
4. Two theories exist about the wallet's purpose: a Pi Core Team buyback or a major exchange stockpiling Pi for a future listing.
5. The accumulation has influenced market sentiment, with some predicting a price surge to $0.75-$1.00 if bullish conditions persist.
Description
A wallet has scooped up over 331 million Pi coins during a major price slump, raising questions about insider moves or a strategic bet on Pi’s future.
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