Authored by Zoltan Vardai via CoinTelegraph.com,
A mysterious Bitcoin whale, nicknamed “Mr. 100,” has sparked curiosity within the cryptocurrency area after amassing over 52,996 Bitcoin, value over $3.5 billion, on-chain information shows.
Who’s Bitcoin’s “Mr. 100”?
The Mr. 100 whale pockets bought a minimum of 1,000 Bitcoin on March 15, which is 52% of the whole 1,907 BTC purchased by the ten spot Bitcoin exchange-traded funds (ETFs), in response to an X submit by HODL15Capital.
Bitcoin accumulation sheet. Supply: HODL15Capital on X
This deal with has been frequently receiving BTC since November 2022, when the FTX exchange collapsed. The pockets has been including a minimum of 100 BTC almost every single day since Feb. 14.
The pockets acquired some bigger Bitcoin transfers from a secondary pockets deal with, which has additionally been including tranches of 100 BTC since 2019. This means that the mysterious whale has been stacking sats since a minimum of 2019, in response to HODL15Capital, who additionally noted in a March 15 X submit:
“What I do know is that that is NOT one of many U.S. ETFs. I’ve all these mapped.”
Primarily based on the dimensions of the acquisitions, there’s hypothesis that the whale may very well be both a Hong Kong monetary establishment pre-seeding for ETFs, the Qatar Funding Authority, different Center Jap sovereign wealth funds, a chilly pockets related to South Korean Upbit change, or an unidentified deal with of a tech billionaire.
Mr. 100 continues accumulating no matter Bitcoin worth at close to all-time highs, including 400 BTC on March 12, when Bitcoin traded above the $72,000 mark.
Following the buildup spree, the Mr. 100 pockets is presently the 14th-largest BTC holder, in response to Bitinfocharts data.
Mr. 100 pockets information. Supply: Bitinfocharts
Pockets linked to Upbit: Crystal Intelligence
The Mr. 100 pockets has been tagged as a chilly pockets belonging to the Upbit cryptocurrency change, by blockchain intelligence agency Arkham Intelligence.
Primarily based on blockchain information analyzed by Crystal Intelligence, the mysterious pockets belongs to Upbit, the agency advised Cointelegraph:
“We’ve discovered that the quantity and worth of transactions related to this pockets are indicative of a VASP-type service. Moreover, we are able to verify with excessive accuracy that the incoming transactions originate from Upbit, and these have maintained a constant worth for the reason that collapse of FTX.”
Wanting on the pockets’s outflows, Mr. 100 has solely been sending Bitcoin transactions to a pockets tagged as an Upbit scorching pockets by Arkahm’s platform. Many of the transactions had been in tranches of a minimum of 500 BTC, with two of the most important transactions transferring as a lot as 3,000 BTC.
Upbit: Chilly Pockets Outflows. Supply: Arkham Intelligence
The analytics crew behind Crystal Intelligence confirmed that the secondary wallets additionally belong to Upbit:
“Bitcoin is moved into three main clusters on the outgoing transaction facet, and people clusters look like linked in subsequent transactions. We additionally discovered some proof that the clusters that acquired funds from 1Ay8v belong to Upbit.”
Thus, the “Mr. 100” pockets doubtless belongs to Upbit, argued pseudonymous on-chain analyst Defioasis, who wrote in a March 12 X response:
“The common actions of 100 BTC aren’t purchases however may very well be Upbit’s distinctive method of managing hot and cold pockets belongings.”
HODL15Capital additionally famous {that a} South Korean entity is stacking massive quantities of Bitcoin, in a March 15 X submit, referencing the heatmap from under.
BTC international transfers heatmap. Supply: HODL15Capital
All of the 14 secondary pockets addresses related to the principle pockets of Mr. 100 have handed Know Your Buyer verification on Upbit change, wrote pseudonymous on-chain sleuth Mai in a March 15 X response:
“Mr.100 makes use of a small pockets deal with to purchase $BTC. I discover it similar to what Upbit normally does with altcoins (ETH community). If we observe Upbit’s money move, we’ll see the coincidence.”
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