Unprecedented! A mysterious Whale harvested 156 Pi coins, is the Pi Network project party buying back?

Today (15th) during the Asian session, the encryption Twitter (CT) community exposed a mysterious Wallet named "ODM" that received 1.56 million Pi coins from the DEX exchange, sparking speculation in the community regarding the Pi Network project party's "buyback" actions.

The wallet received up to 1.56 million Pi coins from the cryptocurrency exchange. At the current price, this transfer is worth over 700,000 USD, attracting the attention of the entire community.

Analysts suspect that this Wallet may be related to the Pi Core Team (PCT) itself. Many believe that this could be a secret internal buyback action, or it could be a supply integration as the network matures.

Pi News Media described this event as "unprecedented" and hinted that ODM is very likely to be repurchasing the Wallet.

This is not the first time that PCT has been accused of quietly managing supply, but the scale of this action and the urgency of the timing have once again sparked debates about the market strategy and future plans of Pi coin.

Despite the active activity of whales, the PI price continues to fall

Despite the pressure on the price of Pi coin, the on-chain transaction volume remains strong, with a daily transaction volume reaching $79.23 million.

The current market value of Pi Network is 3.45 billion USD, while its fully diluted valuation (FDV) is 44.88 billion USD, showing a huge gap between the two. This indicates that investors remain cautious. The circulating supply of PI is 7.69 billion, with a maximum supply cap of 10 billion.

In the past seven days, Pi coin has dropped by 1.74%, reflecting a general sell-off of mid-sized tokens. However, the accumulation by ODM's whales indicates strong internal confidence and may even be preparing for future listings, upgrades, or burn mechanisms.

Community enthusiasm and grassroots development remain strong

Despite the price drop, the Pi Network community remains active. Long-term supporters are actively promoting the project on social media.

The Pi Network mining application reinforces the concept that has driven network development since its inception: community over speculation. The Pi Network has over 55 million users worldwide, and it is not just providing price charts, but is also committed to building a Web3 ecosystem from the ground up.

From mobile mining to ecosystem applications in the Pi browser, the project continues to evolve, despite some questioning its centralized origins. Furthermore, the project lacks open trading across exchanges.

What could the actions of the mysterious giant whale signify?

The transfer of ODM is taking place at a critical moment for Pi Network, as the project faces increasing pressure to demonstrate its long-term value. Many believe that such a large-scale increase in holdings may signal a strategic buyback or internal consolidation by the Pi core team.

If true, this may indicate that the Pi Network team is working to stabilize supply before a major announcement, such as listing on an exchange or launching the ecosystem.

This may also represent an early initiative for Pi coin to reserve funds for future development and community projects. Regardless of who controls the Wallet, the message conveyed by Pi Network is very clear: it will not stagnate. Despite price fluctuations, the project continues to develop quietly behind the scenes. This has left the community full of anticipation for the upcoming developments.