On-chain analysts try to determine who owns a Bitcoin pockets that’s accumulating big quantities of BTC at a relentless tempo.
The unknown entity dubbed “Mr. 100” has purchased a minimum of 100 BTC almost day by day together with weekends since February 14th – accumulating a complete of 3806.54 BTC price $207,996,959 in that temporary timeframe.
Zooming out, the whale has been active since November of 2022 and now holds 47,192.78 BTC price a staggering $2,581,599,105 at time of publishing, making it the 15th largest Bitcoin whale in existence.
Good morning.
“Mr. 100” purchased his regular 100 #Bitcoin 3 occasions already? https://t.co/7OswsKKPOm pic.twitter.com/eMtvvp5kca
— HODL15Capital ?? (@HODL15Capital) February 26, 2024
As for who the whale could also be, a pseudonymous crypto sleuth who goes by the identify Mai says that though there is no such thing as a official conformation, the pockets might be linked to the South Korean crypto change Upbit.
“This pockets tackle is lively within the Asian session, about 75% is lively within the Asian session, the remainder is within the US…
Mr.100 gathered BTC via many exchanges, however 90% got here from Upbit and Bithumb, often solely Binance and OKX. There’s a excessive chance that that is the gathering workforce from Upbit.
Why do you say that this isn’t a private pockets however the pockets of Upbit? Wanting on the image, they unfold BTC numerous orders vary 0.0001 – 15 BTC via layer-wallet after which began changing to distribution charges.
After which switch again to the primary pockets. That’s why everybody sees that every buy prices 100 BTC, therefore the identify Mr.100.”
Bitcoin is buying and selling at $54,672 at time of publishing, up 5.7% within the final 24 hours.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Verify Value Motion
Comply with us on Twitter, Facebook and Telegram
Surf The Each day Hodl Combine
Featured Picture: Shutterstock/prodigital artwork