While Bitcoin has been on a soaring rally recently, a mysterious whale address known as Mr.100 has attracted attention. Since February 15th, this address has been making multiple daily purchases of more than 100 BTC, and it continues to buy even after Bitcoin surged past $60,000. It is currently the 15th largest Bitcoin whale.
According to data from BitInfoCharts, the mysterious address known as “Mr.100” has been consistently purchasing over 100 BTC in separate transactions almost every day since February 15th. After Bitcoin’s recent surge past $60,000, the address has even accelerated its accumulation, causing a stir in the community.
On February 28th, Mr.100 increased its BTC holdings 15 times in a single day, accumulating a total of 1,622 BTC in one day. On February 29th, Mr.100 made 16 separate purchases, accumulating a total of 1,611 BTC in one day, with the highest purchase cost at $62,990.
On March 1st, Mr.100 made separate purchases of 106.68 BTC and 102.19 BTC, accumulating a total of 208.87 BTC in one day.
According to statistics, the address currently holds 51,064.18 BTC, with a current value of $3.14 billion and a floating profit of $1.6 billion. This makes Mr.100 the 15th largest Bitcoin whale, with its holdings accounting for 0.2595% of the total Bitcoin supply (accumulating 7,723 BTC in the past month).
It is still unclear who Mr.100 is. However, blockchain analyst Mai predicts that the address may be related to the South Korean cryptocurrency exchange Upbit. This is because the address is most active during Asian trading hours, with around 75% of its activity occurring during this time, while the rest is during US trading hours.
After tracking all the transactions, Mai suggests that the wallet address is not owned by an individual but rather an organization or market maker. Mr.100 accumulates Bitcoin through many exchanges, with 90% of the acquisitions coming from Upbit and Bithumb, occasionally purchasing from Binance and OKEx. Therefore, it is highly likely that this is Upbit’s accumulation address.
Mai points out that Mr.100’s trades are all done by trading bots, and it uses small wallet addresses to buy BTC, similar to Upbit’s behavior of using small wallet addresses to purchase altcoins on the Ethereum network. The address has also had transactions from Upbit exchange and the founder of Bithumb, further supporting the belief that this is Upbit’s market maker address.