Crypto:
30251
Bitcoin:
$66.190
% 1.11
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.190
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Analysis Firm Reveals Identity of Wallet Making Continuous 100 BTC Purchases

Bitcoin Whale

Cryptocurrency analysis firm Arkham has disclosed information regarding a whale whose identity has piqued curiosity.

In the realm of cryptocurrency, where anonymity holds significant value, the consistent purchase of 100 BTC at a time by a wallet known simply as ‘Mr. 100’ has stirred speculation and intrigue regarding its owner.

This enigmatic figure has finally been unmasked by Arkham, a prominent cryptocurrency analysis firm.

The wallet’s regular receipt of transactions valued at 100 BTC has sparked widespread conjecture about its proprietor. Theories have ranged from large investment funds to entities in the Middle East, and even the possibility of a Bitcoin ETF being behind these transactions.

Contrary to these speculations, Arkham’s analysis reveals that ‘Mr. 100’ is, in fact, an Upbit cold wallet. This determination is based on the wallet’s consistent and strong associations with other Upbit wallets, aligning with the typical pattern of a cold wallet used by exchanges.

The address associated with ‘Mr. 100’ primarily receives flows of 100 BTC via Upbit deposit wallets. Moreover, a portion of these funds is utilized to finance Upbit hot wallets, commonly employed for customer withdrawals.

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