Unmasking 'Mr. 100': The Enigma Behind Bitcoin's 14th-Largest Holder
Unmasking ‘Mr. 100’: The Enigma Within the befriend of Bitcoin’s 14th-Finest Holder
A Bitcoin (BTC) whale is known as “Mr. 100” has captured the attention of the crypto neighborhood in most modern days.
The enigmatic individual has amassed a staggering 52,996 Bitcoin, price over $3.5 billion, making them the 14th-largest holder of the digital forex.
On March 15, the whale bought no longer decrease than 1,000 Bitcoin, which accounted for 52% of the total 1,907 BTC equipped by the tip 10 Bitcoin change-traded funds (ETFs), sparking hypothesis about presumably the most fascinating identity of Mr. 100.
Mr. 100 Consistently Receives Bitcoin
Curiously, the wallet connected to Mr. 100 has been consistently receiving Bitcoin since November 2022, across the time of the FTX change collapse.
What’s extra, the wallet has been including roughly 100 BTC on a day-to-day foundation since February 14.
Bigger Bitcoin transfers from a secondary wallet address own moreover been seen, with this secondary address amassing tranches of 100 BTC since 2019.
This signifies that Mr. 100 has been amassing Bitcoin for comparatively a while.
While the valid identity of Mr. 100 stays unknown, several theories own emerged.
Some speculate that the whale will in all probability be a Hong Kong financial institution pre-seeding for ETFs, the Qatar Funding Authority, comparatively about a Heart Jap sovereign wealth funds, a frigid wallet connected to the South Korean Upbit change, and even an unidentified address belonging to a tech billionaire.
What sets Mr. 100 aside is their relentless accumulation of Bitcoin, no matter its tag fluctuations.
Particularly, on March 12, when Bitcoin modified into as soon as procuring and selling above the $72,000 mark, Mr. 100 added a staggering 400 BTC to their holdings.
This unwavering accumulation spree has propelled them to vary into the 14th-largest BTC holder, in step with data from Bitinfocharts.
Does Mr. 100 Pockets Belong to Upbit Exchange?
Curiously, blockchain intelligence company Arkham Intelligence has tagged the Mr. 100 wallet as a frigid wallet belonging to the Upbit cryptocurrency change.
The company’s evaluation suggests that the wallet is connected to a VASP-form carrier, and the incoming transactions are traced befriend to Upbit.
Crystal Intelligence, any other analytics group, confirms that the wallet’s outflows were directed to an Upbit sizzling wallet.
Most of these transactions hang predominant amounts, with some transfers reaching as excessive as 3,000 BTC.
This proof has led to the hypothesis that Mr. 100 could moreover indeed be linked to Upbit.
The circulation of 100 BTC at traditional intervals could moreover very wisely be Upbit’s weird scheme of managing their sizzling and chilly wallet resources, as suggested by pseudonymous on-chain analyst Defioasis.
Moreover, it has been renowned that a South Korean entity has been amassing expansive amounts of Bitcoin, including weight to the assumption that Mr. 100’s actions are connected to Upbit.
It is price noting that the US govt is the largest holder of Bitcoin (BTC), acquiring roughly 200,000 coins (price around $5 billion) thru seizures connected to criminal actions.
The digital resources were seized from cybercriminals and darknet markets and are securely saved offline in encrypted hardware wallets managed by various federal companies, including the Justice Department and the Internal Income Carrier (IRS).
Source : cryptonews.com
