The real identity of the mysterious Bitcoin whale Mr.100 is decrypted! Arkham confirmed to be exchange Upbit cold wallet!

The "Mr.100" wallet, which has always attracted much attention, has aroused heated discussion in the cryptocurrency community because of its purchase of tens of thousands of Bitcoins. Recently, the cryptocurrency intelligence platform Arkham finally confirmed its true identity. This news set off a new round of discussion in the community. Some people believe that this big investor whose identity is exposed may have a significant impact on the Bitcoin market, which has attracted more attention and discussion. The various previous behaviors of this mysterious "Mr. 100" have aroused people's strong interest in his background and movements. The exposure of his identity will undoubtedly become an important event in the cryptocurrency field. As

Mr.100=Upbit Cold Wallet

Arkham platform marks Mr.100 as the cold wallet of Upbit, the largest exchange in South Korea, is not the new whale that the community has been expecting. Crypto analyst @defioasis pointed out that each purchase of 100 BTC by this address is not an actual purchase, but may be a specific operation when Upbit sorts out its cold wallet and hot wallet assets.

In fact, on-chain analyst Mai had previously predicted that the address might be related to Upbit. At that time, he believed that Mr.100 was an Upbit market maker for the following reasons:

The The address is very active during Asian hours. About 75% of its active time is during Asian hours, and the rest is during American hours.

Hoard Bitcoin through many exchanges, but 90% of them come from Upbit and Bithumb, and occasionally buy on Binance and OKX. Therefore, this is likely to be Upbit's hoarding address.

Mr.100’s transactions were all completed by a bot, who used a small wallet address to buy Bitcoin, a behavior similar to using a small wallet address to buy altcoins on Ethereum. In addition, this address also has interaction records with the founders of Upbit exchange and Bithumb.

Upbit cold wallet becomes the 15th largest holder of Bitcoin

According to Arkham platform data, Upbit cold wallet currently holds 50,564 Bitcoins. Based on the current price of US$73,539, its The value of the position is as high as US$3.72 billion. In addition, according to BitInfo Charts data, the unrealized profit of this address has exceeded US$2.2 billion.

This address has become the 15th largest Bitcoin whale, and its holdings account for 0.26% of the total supply of Bitcoin, surpassing the cold wallets of Gemini and Bybit.

The records on the chain show that this address transferred a total of 7,723 BTC in February, and the activity records in March are as follows:

Yesterday (12) A total of about 400 Bitcoins were transferred in four transactions on the 8th and 6th. On the 8th and 6th, 650 and 360 Bitcoins were transferred to his hot wallet respectively.

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