Data: An address has accumulated 331 million PI in the past three months, equivalent to approximately 148.5 million US dollars

According to ChainCatcher, as reported by Cointelegraph, over the past three months, a mysterious wallet address named GAS...ODM has accumulated a total of 331 million PI tokens, valued at approximately $148.5 million.

This address has withdrawn large amounts of PI from a certain exchange dozens of times and is now the sixth largest holder in the Pi Network ecosystem, surpassing the wallet balances of Bitget and another exchange platform.

During the period of accumulation by this address, the price of PI dropped as much as 70% from its early May peak, hovering around $0.44 to $0.48 by mid-July. As of the time of writing, it is quoted at $0.3496, with a 24-hour decline of 13.32%.