Pi Network Wallet Moves 2.8M Tokens from OKX

A mysterious portfolio drew the attention of the cryptographic community after the data on the piscan chain revealed that it had withdrawn millions of Okx PI tokens.

The portfolio, labeled as ODM, now contains more than 315 million pi, arousing speculation on a potential buy -back strategy by the PI Core team or the preparation of a major exchange list.

Piscan data reveal an accumulation of massive pi tokens

According to Piscan, the ODM portfolio received approximately 2.8 million OKX Exchange PI tokens. It is not the first time that he has been wave – he sold 3.5 million Pi tokens in a single decision.

Currently, the portfolio is seated on more than 315 million Pi tokens, making it one of the greatest holders of the ecosystem.

Who controls the ODM portfolio?

Currently, identity behind the ODM portfolio remains unclear. However, rumors are circulating that it could be operated by the PI Core team as part of an internal redemption initiative.

Such a strategic accumulation by a non -public portfolio has made comparisons with the behavior of the “Satoshi” portfolio of early bitcoin, fueling speculation that the PI network could prepare something large – perhaps an upgrading of the ecosystem, a tokest stabilization plan or an exchange list.

Is it an official Pi buyout portfolio?

If confirmed, the ODM portfolio can be part of an official buyout mechanism for:

• Stabilize the PI market price,
• Improvement of liquidity for decentralized exchanges (DEX),
• Support the subsidies and hackathons of developers.

While the Pi Core team has actively promoted development through hackathons, its position on price stabilization remains clear.

Pi token pipe: volatile and pressure

The Pi token has had a sharp decline:

• Down 10.9% In the past 14 days,
• Down 4.8% During last week,
• Down 2.2% In the past 24 hours.

This trend reflects the growing pressure of tokens unlocking and the increase in food in circulation.

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The concerns about the unlocks of tokens are intensifying

Between July 8 and 15, more than 100 million Pi tokens were unlocked – 1.5% of the total offer.
The biggest daily unlocking occurred on July 4, when 19.39 million tokens were released.
For the future, 137.85 million Pi tokens are expected to unlock by the end of the month, with similar figures expected in August.

These unlocks result in sales pressure, contributing to volatility on the market. Some investors fear that more decreases unless the liquidity support mechanisms are introduced, which is possible via portfolios like ODM.

Why does that count: strategic or speculative?

If ODM is indeed a portfolio controlled by the Pi Core team, its activity could:

• Provide short -term market stability,
• Report an advertisement or a major list,
• Support ecosystem growth by controlled accumulation.

However, until checking, the role of the portfolio remains speculative and the market looks closely.

Faq