Bittime - The crypto community has been busy talking about a mysterious wallet nicknamed "Mr. 100" for the last two months. This nickname arose because of the transaction pattern of always receiving deposits of 100 bitcoins every few days. Speculation has emerged that this wallet may have belonged to a wealthy individual from the Middle East.
Based on on-chain data , the "Mr. 100" wallet currently ranks as the 14th most bitcoin holder. This topic was hotly discussed on platform X's social media, sparking lively discussions among the crypto community.
Unrevealed aspects about "Mr. 100"
Despite attracting the attention of many people, the identity of the owner of the "Mr. 100" wallet and the purpose behind the regular transfer of bitcoins are still unknown. Some theories circulating include:
- Ultra-Wealthy Individuals: The most common theory is that these wallets belong to extremely wealthy individuals who are accumulating large bitcoin holdings.
- Financial Institutions: It is possible that the wallet is owned by a financial institution that purchases bitcoins for their clients.
- Bitcoin Mining Companies: Another theory is that these wallets could belong to bitcoin mining companies that store their mining results.
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Linkage with Upbit
Blockchain analysis shows that the "Mr. 100" wallet is likely connected to cold storage owned by Upbit, one of the largest cryptocurrency exchanges in South Korea. However, there has been no official confirmation from Upbit regarding this.
Arkham expressed confidence in this identification due to the wallet's consistent and regular connectivity with other Upbit exchange wallets. These connections follow the expected behavior of a trading platform's cold wallet.
Additionally, the onchain intelligence company stressed that Mr. 100 primarily got its 100 BTC inflow through the consolidation of Upbit deposit wallets. Additionally, Arkham explained that a portion of its outflows contributes to the funding of Upbit's hot wallet, which facilitates customer withdrawals.
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Conclusion
The "Mr. 100" wallet is an interesting mystery in the world of cryptocurrency. Its unique transaction patterns and large bitcoin holdings sparked the curiosity of many people. Although speculation is rife, the identity of the owner and the true purpose of this wallet have not yet been revealed.
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Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime .
Monitor price chart movements of Bitcoin (BTC ) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
El Salvador Strengthens Bitcoin Fortress: Physical Vaults Protect the Nation's Digital Assets
The Mystery of Mr. 100, The Bitcoin Whale with Total Assets of $3.2 Billion
How to Trade Bitcoin when the Price Drops
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates
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