whale Bitcoin A mysterious figure nicknamed “Mr. 100” has sparked curiosity in the cryptocurrency space after holding more than 52,996 Bitcoin worth more than $3.5 billion, according to on-chain data. show
Who is ‘Mr. 100’?
Whale wallet Mr. 100 availablebuyAt least 1,000 Bitcoin on March 15, which represents 52% of the total 1,907 BTC bought by 10 Bitcoin ETFs, according to an X post by HODL15Capital.
The whale wallet has been steadily gaining BTC since November 2022 during the FTX collapse, with the wallet adding at least 100 BTC almost every day since February 14.
The wallet received more Bitcoin from its secondary wallet address, adding 100 BTC since 2019, and this shows that the mystery whale has been buying steadily since at least 2019, according to HODL15Capital. The one who made the questionnoticethat
“What we do know is that this is not one pocket of the US Spot BTC ETF.”
from the size of the purchase There is speculation that the whale could be a Hong Kong financial institution pre-arranging the ETF, a Qatari investment agency, another Middle Eastern sovereign wealth fund, or possibly a cold wallet associated with South Korean exchange Upbit, or It’s the pocket address of a tech billionaire.
Mr. 100 continued to accumulate regardless as Bitcoin prices near all-time highs, collecting an additional 400 BTC on March 12 when Bitcoin was trading above the $72,000 level.
After fun collecting Mr. 100 Wallet is now the 14th largest BTC holder according toInformation of Bitinfocharts
Wallet linked to Upbit: Crystal Intelligence
The Mr. 100 wallet was tagged as a cold wallet on cryptocurrency exchange Upbit by blockchain intelligence firm Arkham Intelligence.
Based on blockchain data analyzed by Crystal Intelligence, the mysterious wallet is believed to belong to Upbit.
“We found that the number and value of transactions associated with this wallet is indicative of a VASP type service. Additionally, we can confirm with precision that incoming transactions originate from Upbit and that these have maintained a consistent value since the crash. Breakdown of FTX”
And considering the wallet outflow, Mr. 100 sent Bitcoin transactions to the wallet.taggedIt is an Upbit hot wallet only by Arkahm’s platform, where most transactions are made in batches of at least 500 BTC, with the two largest transactions transferring up to 3,000 BTC.
The analysis team behind Crystal Intelligence confirmed that the secondary wallet belongs to Upbit: “Bitcoin was moved to three main pools in outbound transactions. And those groups appear to be connected in the next transaction. We also found some evidence that the cluster funded by 1Ay8v belongs to Upbit.”
Therefore, the “Mr. 100 wallet” probably belongs to Upbit, according to Defioasis analysts.writeresponded on X on March 12 saying: “Moving 100 BTC increments is not a purchase. But it may be Upbit’s unique way of managing assets in cold and hot wallets.”
refer : cointelegraph.com
picture blocktempo.com