Weekly 20% drop in Pi Network's price, yet a mysterious large investor persists in purchasing Pi cryptocurrency
Mysterious Whale Accumulates Large Amount of Pi Tokens
A mysterious whale wallet, known as "GAS...ODM", has amassed a significant number of Pi Network (PI) coins over the past 3-4 months. According to various sources, the whale has accumulated between 331 million and 350 million PI tokens, which is worth approximately $140–$150 million. This makes the whale the sixth-largest holder of PI tokens, surpassing major exchanges like Bitget and MEXC.
The whale's buying strategy appears to be focused on consolidating the supply of PI tokens off exchanges, reducing the circulating supply available for trading. This consolidation could tighten Pi's liquidity in the short term and create price support pressure if demand returns. The whale's buying intensified when Pi's price neared key support levels, suggesting an intent to stabilize or potentially influence the price.
The accumulation of PI tokens by the whale comes at a time when the price of the token has dropped about 70% since May 2025. Despite this, the whale's long-term accumulation strategy indicates a belief in the potential of Pi Network.
Regarding liquidity, by pulling large amounts off exchanges into this single wallet, the whale reduces the circulating supply available for trading. This could tighten Pi’s liquidity in the short term and create price support pressure if demand returns. This consolidation could also position the whale for strategic moves like governance influence or staking, increasing the whale’s market impact.
There has been some speculation about the identity of the large investor behind the wallet. User Cobak recently revealed the identity of the large investor, sparking rumors about the potential identity behind the wallet. Some theories suggest that the Pi Network Foundation or a major exchange could be behind the wallet.
In addition to the mysterious whale, there have been some positive signs for Pi Network. The Pi Network's Relative Strength Index (RSI) points to 25, suggesting a potential rebound due to the asset being oversold. Readings below 30 indicate that the asset may be due for a resurgence.
Furthermore, Binance issued a vote in February to determine user support for making PI available for trading. Although direct confirmation of an imminent Binance listing for Pi was not found in the search results, market anticipation of such a listing often encourages whale accumulation and speculative bullish price sentiment. Listing PI on Binance could have a positive impact on the price due to increased liquidity, improved accessibility, and a reputational boost.
In summary, the whale’s accumulation coupled with possible Binance listing hopes could positively impact Pi Network’s price and liquidity over time. However, the exact timing and magnitude depend on market conditions and listing announcements.
| Aspect | Impact on Pi Network (PI) | |-------------------------|------------------------------------------------| | Mystery Whale GAS…ODM | Accumulating ~331–350M PI (>3% circulation), consolidates supply off-exchange, reducing liquidity and potentially stabilizing price through long-term hold strategy[1][2][3] | | Liquidity | Decreased on exchanges, tighter supply may support price if demand grows[1][2] | | Potential Binance Listing | Would likely increase Pi’s exposure, liquidity, and price; anticipated listings partly drive whale accumulation and bullish sentiment, though no official confirmation found in sources[1][2] | | Price Outlook | Technicals suggest a possible rebound from current lows if bullish catalysts appear, possibly reaching $0.60 to $1.00[1] |
- The mysterious whale wallet, "GAS...ODM", has been accumulating large amounts of Pi (PI) tokens, potentially worth around $140–$150 million, making it the sixth-largest holder of PI tokens.
- The whale's buying strategy has been focused on consolidating the supply of PI tokens off exchanges, possibly reducing the circulating supply available for trading.
- The possibility of Pi Network being listed on Binance could lead to an increase in Pi's exposure, liquidity, and price, encouraging whale accumulation and bullish sentiment.
- Technical analysis suggests a potential rebound for Pi's price if bullish catalysts appear, with the asset's Relative Strength Index (RSI) pointing towards a rebound due to it being oversold.
