The richest mystery whale on the market took advantage of the bitcoin crash on Tuesday (8) – when the cryptocurrency hit the lowest price since January – to go shopping.
According to The Daily Hold, the whale – a term referring to a person or institution that holds large amounts of bitcoin – added 3,719 BTC (about R$600 million) to its portfolio that day, which now accumulates 112,593 bitcoin .
The acquisition made the giant investor's fortune rise to R$21 billion. In addition, it has consolidated in the select group of only four wallets in the world that accumulate more than 100,000 BTC.
The giant and mysterious investor's address – 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ – ranks fourth on the BitInfoCharts list, which identifies the biggest bitcoin holders in the market.
However, the other three addresses that are in the lead are cold and familiar wallets belonging to the Binance, Bitfinex and Houbi exchanges. Thus, it is possible to affirm that the whale has the richest “unknown” portfolio in the market.
It is worth remembering that there is a possibility that there is not a single investor behind this address. There are investment funds, managers and specialized companies that make the custody of cryptocurrencies for their clients.
Bitcoin Accumulator Whale
The fortune of this portfolio represents 0.6% of all bitcoin supplies. Based on this whale's movement patterns, you can see that it has been accumulating cryptocurrencies on a recurring basis since it was created in February 2019.
According to data available for consultation on the blockchain, the wallet has already received 386 transfers from BTC, while performing only 60 withdrawals. Purchases intensified from December last year, when a digital asset broke the US$ 20,000 barrier for the first time.
Currently, the top 15 addresses on the market that belong to exchanges or unknown whales represent 7.45% of all bitcoin available on the market. For this reason, your movements are closely analyzed by the community.
Over the weekend, for example, it was discovered that a whale that had been dormant for nine years had withdrawn R$162 million from a dormant wallet since 2012.