Mysterious ‘Mr. 100’ Quietly Buying Bitcoin in Massive Quantities, Say On-Chain Analysts – Here’s Who the Entity Might Be

by Spencer Haag

On-chain analysts are making an try to settle out who owns a Bitcoin pockets that’s accumulating giant amounts of BTC at a relentless coast.

The unknown entity dubbed “Mr. 100” has bought 100 BTC almost daily collectively with weekends since February 14th – accumulating a total of 3806.54 BTC price $207,996,959 in that brief time body.

Zooming out, the whale has been difficult 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 splendid Bitcoin whale in existence.

Staunch morning.

“Mr. 100” bought his traditional 100 #Bitcoin 3 situations already? https://t.co/7OswsKKPOm pic.twitter.com/eMtvvp5kca

— HODL15Capital ?? (@HODL15Capital) February 26, 2024

As for who the whale will probably be, a pseudonymous crypto sleuth who goes by the name Mai says that though there is no longer any loyal conformation, the pockets will probably be connected to the South Korean crypto alternate Upbit.

“This pockets address is difficult within the Asian session, about 75% is difficult within the Asian session, the relaxation is within the US…

Mr.100 gathered BTC by many exchanges, but 90% came from Upbit and Bithumb, every so usually easiest Binance and OKX. There is a high possibility that right here is the gathering team from Upbit.

Why develop you whisper that right here is no longer a non-public pockets but the pockets of Upbit? the image, they unfold BTC rather a bunch of orders differ 0.0001 – 15 BTC by layer-pockets and then started changing to distribution costs.

After which transfer support to the most well-known pockets. That’s why all people sees that every have prices 100 BTC, therefore the name Mr.100.”

Bitcoin is trading at $54,672 at time of publishing, up 5.7% within the final 24 hours.

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