A shadowy figure known as “Mr. 100” has emerged as a major player in Bitcoin, accumulating over 52,996 BTC (worth over $3.5 billion)!
Buying Spree:
- This whale has been steadily acquiring Bitcoin since at least November 2022, with frequent 100 BTC deposits.
- Recently, they purchased a massive 1,000 BTC, exceeding half of what all Bitcoin ETFs bought on that day!
Speculation Runs Wild:
- The identity of Mr. 100 remains a hot topic. Theories include:
- A Hong Kong financial institution prepping for ETFs.
- Middle Eastern sovereign wealth funds.
- South Korean exchange Upbit’s cold wallet.
- A tech billionaire’s secret stash.
Upbit Connection?
- Some blockchain analysts believe Mr. 100 is linked to Upbit based on:
- Consistent transfer patterns resembling a VASP service.
- Incoming transactions originating from Upbit.
- Outgoing transactions going to Upbit hot wallets.
The Plot Thickens:
- Despite the evidence, some experts argue these are simply Upbit’s internal cold wallet movements, not actual purchases.
One thing’s for sure: Mr. 100, regardless of their identity, is a major force in the Bitcoin market!
