The crypto community has been intrigued by the mysterious wallet of 'Mr. 100' which accepts 100 bitcoin deposits every few days, with speculation that the wallet belonged to a wealthy individual from the Middle East, but onchain analysts suspect that the wallet is actually cold storage from South Korean exchange Upbit.
In the last two months, the crypto community has been busy talking about a wallet called 'Mr. 100.' The nickname comes from its pattern of receiving deposits of 100 bitcoins every few days, leading to speculation that the wallet may belong to a wealthy individual from the Middle East.
Arkham Intelligence Suspects 'Mr. 100' Is Upbit Cold Storage Wallet
However, onchain analysts from Arkham Intelligence suspect that this wallet is actually cold storage of Upbit, a major cryptocurrency exchange in South Korea Recently, the topic of 'Mr. 100', which refers to the bitcoin (BTC) address “1Ay8v” which has a balance of 52,996.88 BTC, has caught the attention of crypto enthusiasts, and currently, the wallet is the 14th largest bitcoin holder.
The 100' comes from the consistent 100 BTC deposits it receives, as recorded by onchain data. This topic has recently gained traction on social media platform 100', with some people believing the person could be linked to a rumored billionaire from Qatar. "Mr.
100 should be a nation-state," one said Friday. "I wonder if we figure out which one? I point to the Middle East." As is often the case, the rumors circulating around Pay-to-Public-Key-Hash (P2PKH) addresses may be far from accurate and completely untrue. On Saturday, blockchain analysis company Arkham used the social platform 100 is a BTC address that accepts 100 [bitcoins] at a time,” Arkham posted on
Arkham added:
We believe that this statement is incorrect - 'Mr. 100' is actually an Upbit cold wallet.
100 bought [bitcoin] – as a large fund, a Middle Eastern country, or even a bitcoin ETF." Arkham expressed confidence in this identification due to the wallet's solid and regular connections with other Upbit exchange wallets. These connections follow the expected behavior of the trading platform's cold wallets Additionally, the onchain intelligence firm emphasized that Mr.
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