TLDR
- The Pi Network community is questioning the purpose behind a wallet holding 276.5 million Pi Coins.
- The wallet labeled ODM has been making large weekly withdrawals from the OKX exchange.
- The Pi Core Team has not issued any statement regarding the wallet’s ownership or intended use.
- A 50 million Pi Coin transfer occurred between two Pi Foundation wallets without public explanation.
- Despite concerns, Pi Coin ranked as the top digital currency for VISA card top-ups in a recent Zypto App poll.
The Pi Network community has raised concerns over the undisclosed purpose of a major foundation wallet holding 276.5 million Pi Coins. This wallet, labeled “ODM,” has remained active, but the Pi Core Team has yet to release an official statement. The lack of transparency has triggered growing demand for clarity about the funds and their long-term use.
Pi Network Faces Transparency Pressure
The Foundation 2 wallet, ending in “ODM,” has maintained large weekly withdrawals, sparking discussion among Pi Network members. Recent blockchain activity confirms a new withdrawal of 7.38 million Pi Coins from the OKX exchange. These regular transactions have added to community concerns about undisclosed operations involving major coin movements.
Dr. Altcoin, a key community figure, highlighted that it has now been three months since the wallet’s activity began. Despite this duration, the Pi Core Team has not addressed the purpose or strategy tied to the large holdings. The community has pushed for clear disclosure to maintain trust and uphold the network’s integrity.
A wallet account was created three months ago by "Pi Foundation 2 Wallet," and it currently holds over a quarter of a billion Pi coins—yet no one knows who owns it or its intended purpose.
Its already been three months and the Pi Core Team must be transparent about this wallet… pic.twitter.com/km5P4wbBpu
— Dr Altcoin (@Dr_Picoin) June 4, 2025
Additionally, the wallet received a 50 million Pi Coin transfer from the original Foundation 1 wallet. This internal movement between two foundation wallets has deepened suspicions and sparked further speculation. Another community member, MOON JEFF, flagged this transaction as a significant point of concern.
Pi Coin Tops Usage Chart Despite Price Struggles
While the community seeks answers, Pi Coin continues to show strong real-world utility across payment services. A recent Zypto App poll ranked Pi Coin as the most used digital asset for VISA card top-ups. It outperformed established tokens such as XRP and DASH, indicating broad user adoption.
The data revealed that DASH came second, while USD1 followed closely behind in third place. This surge in card-based usage signals increased integration of Pi Coin in daily financial activities. Despite this traction, Pi Coin has yet to reflect the momentum in its market price.
Although price action remains limited, chart patterns now show signs of a possible 60% breakout in the near term. If positive momentum builds, this technical setup could support a potential price rally. The token’s utility growth may further influence future price behavior and market sentiment.
Gaming Sector Adoption Adds New Utility
Pi Coin has also entered the gaming market, with the recent launch of the “FuityPi” platform drawing notable attention. This development broadens the coin’s application and positions it for further adoption across entertainment sectors. Community members are watching this space for its impact on network engagement.
Game-based integration strengthens Pi Coin’s ecosystem and offers new avenues for digital currency interaction. The platform’s early traction demonstrates potential for long-term relevance in the gaming economy. Pi Network’s role in this sector could support broader digital asset use beyond simple transfers.
