While Bitcoin has been soaring recently, a mysterious whale address known as Mr.100 has garnered attention. Starting from February 15th, this address has been making multiple daily purchases of over 100 BTC. Even after Bitcoin broke through $60,000, Mr.100 continues to buy more. Currently, it is the 15th largest Bitcoin whale.
According to BitInfoCharts data, the mysterious address known as “Mr.100” has been consistently purchasing over 100 BTC daily since February 15th. After Bitcoin’s recent surge above $60,000, the address has even accelerated its accumulation, attracting attention from the community.
On February 28th, Mr.100 increased its BTC holdings 15 times, accumulating a total of 1622 BTC in a single day. On February 29th, Mr.100 made 16 more purchases, accumulating a total of 1611 BTC in a single day, with the highest acquisition cost being $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 a single 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, accounting for 0.2595% of the total Bitcoin supply (accumulating 7723 BTC in the past month).
It is still unclear who Mr.100 is, but 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 approximately 75% of its activity occurring during this time, and the rest during US trading hours.
After tracking all the transactions, Mai believes that the wallet address is not owned by an individual but rather an organization or market maker. Mr.100 accumulates Bitcoin through various exchanges, with 90% coming from Upbit and Bithumb, occasionally buying from Binance and OKEx. Therefore, it is highly likely that this is Upbit’s accumulation address.
Mai also points out that Mr.100’s transactions are all done by trading bots and that BTC is purchased using small wallet addresses. This behavior is similar to Upbit’s use of small wallet addresses to buy altcoins on the Ethereum network. Additionally, the address has had transactions from the founders of Upbit and Bithumb, further supporting the belief that this is Upbit’s market-making address.