As a seasoned crypto investor with over a decade of experience in the wild and volatile world of digital assets, I can’t help but feel both intrigued and cautious by the recent activities of this mystery Bitcoin whale. The sheer magnitude of the transactions involved – $770.49 million worth of BTC in just 24 hours – is enough to make even the most hardened investor sit up and take notice.
The unidentified Bitcoin (BTC) whale has become unexpectedly active in the last 24 hours, increasing the cryptocurrency accumulation in its wallet and bringing its share to 12,131 BTC.
Based on information from Arkham Intelligence, the cryptocurrency address “bc1qmpn” first surfaced on blockchain monitoring systems about two weeks back, receiving approximately 16.87 Bitcoins, which is roughly equal to $1.01 million in value.
Originating from an unidentified source using the alias “bc1qcacv,” funds were transferred. Subsequently, this mysterious entity acquired an additional 176.616 Bitcoin, equivalent to approximately $10.63 million, eight days later. Following this transaction, the whale’s activity paused temporarily.
Over the past 24 hours, an unidentified major player has resumed buying large amounts of Bitcoin, with these transactions originating from the same address they initially received it from. This activity has significantly increased their holdings to approximately $770.49 million worth of Bitcoin.
Important details
It’s worth noting that the address used by the unidentified whale for receiving funds happens to hold a substantial amount of Bitcoin – specifically, 11,477 BTC, which translates to approximately $728.92 million.
It is known that the first address that sent funds to “bc1qmpn” received its first BTC from a wallet that could presumably belong to Fortress Trust, a crypto custodian and trustee.
Yet, it’s uncertain if the substantial Bitcoin holdings, estimated to be around $1.5 billion in total, are owned by this specific company. There’s a possibility that these funds might actually belong to one of the trustee’s clients instead.
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2024-09-24 17:30