BTC Whale: 'Mr. 100' Adds to Holdings, Accumulates 402 BTC Over Weekend

IconCryptoNewsTerminal Staff14 Jul, 2024

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BTC Whale: 'Mr. 100' Adds to Holdings, Accumulates 402 BTC Over Weekend

Over the weekend, a notable Bitcoin (BTC) whale, widely known as "Mr. 100," has added a whopping 402 BTC to their portfolio. This recent accumulation brings their total holdings to an impressive 71,283.24 BTC, estimated to be worth approximately $4.34 billion. The whale's address, starting with 1Ay8v, has garnered significant attention, with speculation about their true identity running rampant. Some sources suggest the possibility of a Middle Eastern billionaire being behind the massive accumulation, while others speculate it could be the cold wallet of the renowned South Korean cryptocurrency exchange, Upbit. Blockchain analytics platform Arkham (ARKM) currently labels the whale's address as the Upbit cold wallet, adding further credibility to the theory. However, the whale's true identity remains shrouded in mystery. Irrespective of who "Mr. 100" may be, their recent accumulation indicates a continued bullish sentiment within the cryptocurrency community. Whales, known for influencing market movements, often accumulate large amounts of BTC during periods of perceived undervaluation. Their actions often mirror a belief that the digital asset is poised for future growth.

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