A wave of speculation has hit the Pi Network community following the rapid accumulation of Pi tokens by a wallet labeled “ODM,” which now holds over 315 million PI.
The address, believed by some to be linked to the Pi Core Team, has triggered a surge in on-chain activity and chatter about possible strategic moves behind the scenes.
Blockchain data shows ODM recently withdrew millions of PI tokens from the OKX exchange in two major transactions, adding to earlier holdings. The sudden spike in balance has prompted theories ranging from price stabilization efforts to insider preparations for a major announcement or listing.
Some community members have gone as far as comparing ODM to Bitcoin’s early “Satoshi wallets,” citing its silent yet powerful accumulation. Others believe it could be a mechanism for supporting ecosystem growth—whether by seeding liquidity pools, preparing grants, or absorbing token unlock pressure.
This speculation surfaces at a tense time for Pi Network. With large token unlocks expected, concerns about market impact are growing. The ODM activity, while unconfirmed in origin, may be a signal that internal efforts are underway to stabilize PI’s fragile market environment and prevent a post-unlock price crash.
Though the team has remained silent on the matter, all eyes are now on whether this mysterious wallet signals a turning point—or simply adds another layer to the intrigue surrounding Pi’s future.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/millions-of-pi-tokens-shift-to-one-wallet-whats-going-on/